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by clevernickname
3676 days ago
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He has promised to bring manufacturing jobs back by ending "free trade" (i.e. imposing tariffs on the countries that have been imposing tariffs on our exports for decades) and punishing American manufacturers that move factories abroad, significantly lowering taxes for lower income brackets (including no taxes for the nearly 50% of the population in his lowest bracket), and encouraging domestic investment by reducing corporate tax rates to extremely competitive rates while imposing a repatriation fee on offshore corporate accounts and ending the tax exemption on corporate income earned abroad. The "automation is going to put 99.9% of humans out of a job" dystopian futurist crowd may see this as punting the ball down the field, but I'd much rather pump some wealth back into our lower classes today and wait until everyone else is contemplating post-scarcity economics, than commit economic suicide while China snickers. |
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