We have a clear choice in November: a candidate who will raise taxes on the wealthy, or a candidate who will raise taxes on the wealthy:
This Week host George Stephanopoulos asked Trump if he wanted taxes to go up or down on the rich, despite them going down in his proposed tax plan.
“They will go up a little bit, and they may go up—” Trump started.
“But they’re going down in your plan,” Stephanopoulos said.
“No, no, in my plan, they’re going down, but by the time it’s negotiated, they’ll go up,” Trump said. “When I’m negotiating with the Democrats, I’m putting in a plan. I’m putting in my optimum plan. It’s going to be negotiated, George. It’s not going to stay there. They’re not going to say, ‘There’s your plan, let’s approve it.’ They’re going to say, ‘Let’s see what we can do.’ It’ll be a negotiation.”
Donald Trump is an experienced negotiator who knows that showing your opponent your hand before you sit down to negotiate always results in the very best deals. That I can tell you. Tipping your hand right at the beginning is so smart, believe me. So smart.
Trunp’s low-information and low-income base will eat this up, because fundamentally they are resentful class warriors just like the Bernie crowd. The rhetoric of making the fat cats pay their fair share will sound peachy to them.
It will never occur to them that the “wealthy” people whom Trump will tax into oblivion will be the small businessmen and entrepreneurs who work their asses off and provide the jobs in this country. There is no free lunch; every dollar the government is a dollar an entrepreneur now cannot use to expand his or her business. That means fewer jobs.
And when the jobs disappear, because of this taxation, they’ll blame CHI-NAH!!!1! And then we’ll get those job-crushing 45% tariffs. Everyone’s standard of living will lower as they pay more for basic goods. The dollar will devalue as foreigners flee our currency under Trump, who has talked about keeping entitlements at unsustainable levels, and short-changing bondholders to deal with the resulting crushing debt. That will also cause interest rates on U.S. bonds to rise, meaning an ever-increasing chunk of the national debt will be interest payments.
We’ll probably get that crash I have been warning you about sooner rather than later under a President Trump. And nothing beats a nationalist with a xenophobic cult following being in charge when a giant inflationary crash occurs. As history shows, those scenarios always turn out great.
Best part is, this time the cult leader has nukes, and an itchy (if stubby) trigger finger motivated primarily by personal slights rather than the national interest.
Man, I can’t wait.