Trump Tax Plan.

[Dondilion]

Pressed for some policy specifics Trump has finally announced one: His Tax Plan.

To my ordinary eye it is too radical to be practical. Too huge a tax cut.

http://www.forbes.com/sites/kellyphi...orate-america/

[finnbow]

Typical supply-side silliness. It will relieve some conservatives who thought he'd raise taxes on rich folks. Grover Norquist has already voiced his approval.

[4-2-7]

I would say it's to soon as no one has crunched numbers yet.

All I know is we need a simpler tax system.

[finnbow]

Originally Posted by 4-2-7

I would say it's to soon as no one has crunched numbers yet.

All I know is we need a simpler tax system.

Crunch all the numbers you want. Supply-side economics has never worked, except in the fevered minds of Grover Norquist and other Reaganomics acolytes.

[BlueStreak]

Originally Posted by finnbow

Typical supply-side silliness. It will relieve some conservatives who thought he'd raise taxes on rich folks. Grover Norquist has already voiced his approval.

Yep. It seems like a better idea than the flat tax, but it still amounts to an across the board cut backed by little more than an assumption that "....we're gonna grow the economy so fast....". And, where have we heard that before?

When it either doesn't happen or some spoiler like a war comes along, they'll be talking about further cuts in spending rather than raise taxes again.....and around and around we go.

Something else comes to mind involving the way Conservatives used to roll their eyes and bemoan politicians who "...promise the moon...". Now, they swoon over Donald "Everything is going to be the greatest ever, under my presidency!" Trump.

[BlueStreak]

Originally Posted by finnbow

Crunch all the numbers you want. Supply-side economics has never worked, except in the fevered minds of Grover Norquist and other Reaganomics acolytes.

Theoretically, lower taxes at the poor and working class levels would stimulate demand for products. Problem is that in the way the post industrial economy is structured, would that lead to the creation of more and higher quality employment, or just more of the same lame low wage retail crap we have today? Would we be stimulating our economy or Chinas?

[barbara]

I'm skeptical of anything Trump says or any of his "policies"

[donquixote99]

Originally Posted by BlueStreak

Theoretically, lower taxes at the poor and working class levels would stimulate demand for products. Problem is that in the way the post industrial economy is structured, would that lead to the creation of more and higher quality employment, or just more of the same lame low wage retail crap we have today? Would we be stimulating our economy or Chinas?

Very good point. What do poor and working class families consume?

1. Rental housing. Stimulates demand for handymen to keep the places fixed up just enough, I suppose.
2. Food. Very inelastic demand. No stimulus here.
3. Gasoline. There aren't even jobs for pump jockeys any more.
4. Used cars. Some demand for parts here. No demand for mechanics getting scale at dealerships....
6. Consumer goods, low end, 99% imported.

And that's got to be about all of it. Agree, low-wage-retail crap would be most of what gets stimulated.

The Affordable Care Act stimulated some number of good-paying jobs in health care, by contrast. But we hates that.

[Dondilion]

Originally Posted by BlueStreak

Yep. It seems like a better idea than the flat tax, but it still amounts to an across the board cut backed by little more than an assumption that "....we're gonna grow the economy so fast....". And, where have we heard that before?

When it either doesn't happen or some spoiler like a war comes along, they'll be talking about further cuts in spending rather than raise taxes again.....and around and around we go.

Precisely, leading to more cuts when the vague "we're gonna grow the economy so fast..." does not materialize.

[BlueStreak]

Originally Posted by barbara

I'm skeptical of anything Trump says or any of his "policies"

Right. He's primarily a corporate guy. Anyone who's ever worked for a large corporation knows how corporate policy goes. It's subject to change at any time, without notice and generally enforced only when it benefits the shareholders. If the peons don't like it, they can always seek employment elsewhere.