Let’s remember the economics
As over 85% of Trump supporters say they are standing by him, let’s remember the economy.
Labor share has to rise. Corporate profits have to decline. Corporate taxes have to rise. The general population needs to have more of a share of the liquidity sloshing around the world.
Trump is in favor of a low minimum wage, lower taxes and less regulation to protect society against negative externalities. So Trump will not fix the economy. He will make it worse.
Hillary will raise taxes on corporations and higher incomes. She will fight to have overseas profits brought home. She will fight for a higher minimum wage. The prospects are better with Hillary for a better economic future.
“Hillary will raise taxes on corporations and higher incomes. She will fight to have overseas profits brought home. She will fight for a higher minimum wage. ”
So is that her private or public position?
Here are some links…
Hillary’s plan makes more common sense than Trump’s on overseas profits.
Hillary looks for a minimum from $12 to $15 whereas Trump looks for a $10 minimum wage.
Hillary plans more taxes on the rich…
Hope these links help you.
Campaign in short:
Hillary is endorsed by labor unions, Sierra Club, and pro choice women.
Donald is endorsed by David Duke, Sarah Palin and Sheldon Adelson.
Her minimum wage position is eminently sensible. $12 everywhere, $15 (or more) where it can be supported by the local economy. $15 would cost jobs in Hope, Arkansas.
FWIW, I am on record stating that “the Roman Empire survived Caligula. For practical purposes, it did not survive Valens.”
But with that said, it is clear that Valens has the better economic policy.
If you watched 60 Minutes last night you will know that we are fastly entering into the 4th industrial revolution of AI. The automation of many things and jobs is coming. We must all prepare and get educated to move up the work ladder of knowledge another rung or get left behind. I personally think the lower corporate taxes will help to bring corporations back and mfg. back to America than by raising them. We must repatriate and become more ,not less competitive in world markets or the TPP will fail even with VAT’s on all imports. Wages and merchantilism is done and determined today at the global level. So when we talk minimum wages we must also talk about putting predatory globalism in check at the same time along with much tighter border controls or it will never work…
More socialism and the never ending printing of govt. money does not make us more competitive or promote more competition of capitalism. The endless printing of money to bail out bubbles has to stop. Govt. freebees for everything and everybody will not work. We must learn to compete in every category of faster, cheaper, better or you will not survive in today’s world market. It is that simple. With the national deficit fastly approaching $20T and the trade deficit fastly approaching $800B it is taking a larger and larger percentage of our GDP to pay just the interest on that borrowed money. We soon will become if not already a 3rd world country and loose our status as the worlds reserve currency and will no longer be able to continue to print money to bail out economic bubbles…It is very simple choice if HRC wins the el election this will happen. If Trump wins it won’t.