We have all heard of Hoot Smalley and how that got the economy going in 1929.
Trump wants to simplify the U.S. tax code.
Does he want to do this by increasing taxes on hedge fund players?
We have all heard of Hoot Smalley and how that got the economy going in 1929.
Trump wants to simplify the U.S. tax code.
Does he want to do this by increasing taxes on hedge fund players?
What happens if we focus on exports alone? Exports were $5.9 billion in 1929, and had declined to $2.0 billion in 1933, for a -$3.9 billion decline. This $3.9 billion decline was roughly 3.8% of our 1929 GDP, which had already declined by a whopping 46% over the same period of time. Thus, of the -46% GDP decline, only 3.8% of it was due to a fall in exports.
- See more at: Tariffs: The Smoot-Hawley Fairy Tale
Donald Trump: “The hedge fund guys are getting away with murder”
http://www.freerepublic.com/focus/f-news/3328418/posts