Donald Trump is No Capitalist

Smart Money ^ | April 11, 2011 | Jonathan Hoenig

[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.

[enduserindy]

Donald Trump on Health Care

We must have universal health care
I’m a conservative on most issues but a liberal on health. It is an unacceptable but accurate fact that the number of uninsured Americans has risen to 42 million. Working out detailed plans will take time. But the goal should be clear: Our people are our greatest asset. We must take care of our own. We must have universal healthcare.
Our objective [should be] to make reforms for the moment and, longer term, to find an equivalent of the single-payer plan that is affordable, well-administered, and provides freedom of choice. Possible? The good news is, yes. There is already a system in place-the Federal Employees Health Benefits Program-that can act as a guide for all healthcare reform. It operates through a centralized agency that offers considerable range of choice. While this is a government program, it is also very much market-based. It allows 620 private insurance companies to compete for this market. Once a year participants can choose from plans which vary in benefits and costs.
http://www.ontheissues.org/celeb/Donald_Trump_Health_Care.htm

I don’t know the answer to healthcare, I do know 20 30 years ago something worked. What happened? Didn’t Reagan do something along the line of big deductions for insurance provided by employers? In 1998 I had no problem with obtaining health insurance, now its a mess. Can someone tell me what went wrong with it? I know O care is a mess so save that I mean before that. I noticed health insurance went to crap under Bush but I think that started under Clinton.

[Sprite518]

Unless you have the actual video... Your link is pointless...

[Georgia Girl 2]

“It’s a contemptuous proposal which would immediately punish Americans by raising the price on virtually everything we buy. “

I’m going to have to call BS on this one. What Trump is proposing is an “edge of the water tax” That means China pays a 25% tax directly to the govt of the US to get these items into the country. Then they can compete with Americans on the price of these goods after they pay the tax.

[dennisw]

Donald Trump: ObamaCare Is Unconstitutional, Should Be Repealed
Thursday, February 10, 2011
By Nicholas Ballasy

(CNSNews.com) — Real estate mogul, television personality, and possible 2012 presidential candidate Donald Trump told CNSNews.com that the new health care law is unconstitutional and should be repealed.

When entering the Conservative Political Action Conference (CPAC) on Thursday, CNSNews.com caught up with Trump — who has said he is seriously considering a run for president — and asked him, “Do you think that the health care law is constitutional, the individual mandate in the health care law?”

Trump, a Republican, said, “I do not think it’s constitutional, no.”

CNSNews.com then asked, “Do you think it should be repealed?”

Trump responded, “I do.”
http://www.cnsnews.com/news/article/donald-trump-obamacare-unconstitutional

[dennisw]

Jack it up to 50%. It is a tariff but the Donald is smart enough to call it a tax on Chinese goods which it also is. While we are at it we should tax foreign oil and drill more here and produce more here. This is how you create jobs here. Start with our energy/oil/natural gas industries. Set them free to produce right here at home

[rdb3]

The right weay to fight our trade problem with China and others is:

Let corporations bring the profits made overseas home to the US at NO TAX on the profits.

Cut EPA down to size.

Do not allow the Endangered Species act to create another spotted owl or smelt situation.

Drill for oil, allow the development of oil sand/shale, etc., so cheap energy is available to industry.

Put the tree huggers, the Sierra Club, etc, in their place.

The actual fact is that we have created a very unfriendly business climate.

No wonder the big guys are going overseas.

Big money flows downhill. There is no way to cure the problem other than to remove the hill.

Tariffs will tramatize the world economy as well as the US buying public. Creating the right business climate will result in a gradual natural transition that will take place over time and thus reduce the shock.

You mean cut regulations, taxes, and lil ol' enviroment types? Drill for our own oil? More tax cuts for the rich? We can't have any of that! It's unfair! </sarcasm>

I agree with you 100%.

If you can't appreciate the pure beauty of the violin after hearing this, something's wrong with your ears.

[Georgia Girl 2]

You got that right. Drill here drill now and drill all the time.

[dennisw]

All well and good but put up tariffs too. Amazing how otherwise intelligent people will be for every corrective economic measure EXCEPT TARIFFS. It is a failure of logic, an addiction to some phony free market ideology. There are no free markets when it comes to international trade where the sharks swim. Wake up!!!

[Tolerance Sucks Rocks]

PING!

[rlmorel]

I would not trust Donald Trump further than the extension of my index finger.

I simply do not trust the guy. I don’t understand why people are jumping on this particular, er...bandwagon.

[Pox]

I don’t understand why people are jumping on this particular, er...bandwagon.

It's simple. He's speaking out about Obama's birth certificate. He's now the new "messiah" for many regardless of his positions on the second amendment or universal healthcare, and his recent flip flop on abortion.

Good for him on speaking out about the BC, but he's not presidential material, IMO.

[Will88]

Donald Trump is No Capitalist

I'd say he's definitely a capitalist, and no American capitalist would approve of the one-sided trade arrangements we have with, especially China, but also with other nations.

This writer is no capitalist, but a globalist apologist for any one-sided, pretend free trade agreement our various administrations have unfortunately gotten the US entangled into.

[Tempest]

AWESOME!

[enduserindy]

I think your post is worth a pancake on the head. If you read the link you will notice “Source: The America We Deserve, by Donald Trump, p.206-208 & 218 Jul 2, 2000” (He wrote it in a book.)

ALSO SEE http://www.freerepublic.com/focus/f-bloggers/2696035/posts

ALSO SEE http://www.google.com/webhp?hl=en&near=indianapolis&sa=N&tab=Vw#sclient=psy&hl=en&site=webhp&q=The+America+We+Deserve%2C+by+Donald+Trump%2C+p.206-208+%26+218&aq=f&aqi=&aql=f&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=524f32e4dee1b3fc

For the record I hope he runs and I just might vote for him.

[rmlew]

Under that theory, America was Marxist until the 1920s.

[Matchett-PI]

bttt

[Matchett-PI]

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[Matchett-PI]

bttt

[TalonDJ]

The way they are manipulating their currency is effectively a reverse tariff. We need to counter that or we are just handing them money for nothing.

[CIB-173RDABN]

I am not sure why you include me in your rant.

I was not supporting or opposing Trump, I was just stating and fact that tariffs in and of themselves are not anti-capitalist.

Tariffs can raise income as well as protect the nations financial health.