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Donald Trump is No Capitalist
Smart Money ^ | April 11, 2011 | Jonathan Hoenig

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 ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: birthertrump; trump
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To: CIB-173RDABN

Sorry, I realized that after I hit Post.


61 posted on 04/12/2011 8:39:23 AM PDT by aphid (Pay attention or you will lose the country you love.)
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To: Pox

I heard him describing himself as a Christian the other day. It seemed plastic and fake.

I think it is fine that he is talking about the BC, if only more mainstream people would bring it up.

But I don’t think he is anything more than a sleazy, plastic guy. I respect his navigation through the business world, but that has long since ceased to be any kind of qualification, beginning (for me) in the 1992 election.


62 posted on 04/12/2011 8:59:59 AM PDT by rlmorel (Capitalism is the Goose that lays The Golden Egg.)
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To: rlmorel

He’s no Republican either.


63 posted on 04/13/2011 5:36:05 AM PDT by curth (Organize4Palin.com - NOW IS THE TIME)
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To: curth

LOL...to many, that is a bonus, not a detraction!


64 posted on 04/13/2011 8:40:25 AM PDT by rlmorel (Capitalism is the Goose that lays The Golden Egg.)
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To: rlmorel

You’re right. It wasn’t meant that way though.


65 posted on 04/13/2011 8:47:38 AM PDT by curth (Organize4Palin.com - NOW IS THE TIME)
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To: aphid

Bump


66 posted on 07/10/2015 7:14:08 PM PDT by nickcarraway
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