Posted on 04/11/2011 3:33:42 PM PDT by aphid
For example, Trump professes to support free trade, yet proposes a 25% tax on imported goods from China to level what he sees as trade imbalances in the global economy. It's a contemptuous proposal which would immediately punish Americans by raising the price on virtually everything we buy.
He has also called for regulators to stop European stock operator Deutsche Börse's planned $9.5 billion buyout of the NYSE Euronext, telling Fox Business Network, "I don't want foreign countries owning the New York Stock Exchange." If he was the president, he added, he "wouldn't even have allowed the discussions to take place." In a capitalist country, shareholders make that kind of decision, not regulators. Trump sees a clear role for government picking winners and losers in the economy, just the same as the previous presidents he claims to critique.
On top of that, he has pushed for a one-time 14.25% tax on the rich as a means of supplementing funding for Social Security and Medicaid, along with universal health care . Philosophically, those positions are indistinguishable from the anti-capitalist political establishment now in power.
Trump, of course, is free to run and support whatever platform he wishes, as are his many fans across the country. But despite his personal fortune, they should know his proposals and political philosophy are far from capitalist. Punitive and redistributionist taxes, centralized planning, barriers to trade and an entitlement "social safety net" are all ideas straight out of Karl Marx, not John Galt.
(Excerpt) Read more at smartmoney.com ...
Trump over Target!
Good for him! The corporate butt suckers are miffed that he can’t be bought as easily as the cheap whores currently infesting DC.
Trump sounds like something of a nationalist. Incidentally, Free Trade was something that Karl Marx supported, as he felt it would undermine national borders and national sovereignty.
China steals our companies’ IP, restricts access to their markets and takes advantage of virtual slave labor in order to export poison laced items to the US. I can see a case being made to protect US interests given the non-level playing field.
What ever happened to protecting American interests when and where possible, especially when other countries or the EU protects their concerns?
Damn bastard doesn’t want to send jobs overseas and suppress wages with illegal immigration.
He’s a regular Stalinista!
Ping
What are your thoughts on this?
now a 25% tax rate on Chinese goods is completely unreasonable and out of the question. What we need to do is equalize the tariffs and taxes they impose on our imports. Surely that wouldn’t be 25% .... or would it be quite a bit more?
The dirty animal doesn’t support the race to the bottom for the American middle class. He reeks of communism, stone him with pebbles that have the image of Ayn Rand on them.
I agree tax the Chinese crap,Level the field.
It has been a long time but if I remember correctly the United States Government was totally funded by fees and Tariffs until the income tax was created.
As an earlier poster stated we as a nation are being bled dry by other nations.
I have really tried to buy American but there is so much cheap stuff from China that is appears to have pushed out any American made product.
I am not an economist (I work for a living) but it seems to me that free trade has been more harmful than helpful to the American people.
Sure we have had access to cheap goods but that is only because we could not see the real price of those goods.
We pay tariffs to China and they don’t pay tariffs to us.
Don’t you understand our government has sold out the American people and are working for other nations. That is why we have B.S. agreements like this where we get screwed big time. Our country is going to hell in a hand basket. Have you take a look around recently?
Heh, tax on the rich to support universal health care. That’s what you want?
Trump is a statist, He is anti-property rights for regular people, and anti-2nd Amendment. Anyone who supports him is an ignorant buffoon. Real heavy on the ignorant.
Oh how some conservatives bow at the alter of free trade. Like Pat Buchanan would say - how about fair trade. Think if Pat would have been president those transnational companies would not be dictating so much & we wouldn't be with this weak dollar. Also we wouldn't be in these useless wars draining our hard earned bucks.
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