Posted on 08/27/2015 2:57:51 PM PDT by Erik Latranyi
The billionaire Republican front-runner starts getting specific about economic policy proposals.
Republican front-runner Donald Trump began to flesh out his economic vision for America, and it includes raising taxes on the wealthy.
Trump said during a Wednesday interview on Bloombergs With All Due Respect that he would like to change the tax code.
I would change it. I would simplify it, Trump told hosts Mark Halperin and John Heilemann from the lobby of Trump Tower on New Yorks 5th Ave. Specifically, Trump targeted hedge fund profits, which are currently taxed at a lower rate than regular income.
Youve seen my statements, I do very well, I dont mind paying some taxes.
(Excerpt) Read more at conservativeread.com ...
Even the greatest flat-tax advocate favors an exemption—that by definition creates a progressive tax.
Also, this headline is misleading. Trump said he’s okay with paying taxes because he can afford it. He said he wants to see that hedge fund guys don’t pay a lower rate than average guys. He didn’t say he himself wants to pay more taxes.
Raise taxes on dividends?
Le Fail E’pic.
A progressive tax code is redistribution of wealth. It’s not a principle of conservatism.
K street and the Federal Reserve are all about wealth redistribution. Bother you at all?
I love this mindset.
How is lobbying about wealth redistribution?
Lobbyists represent the people. The NRA is a lobby. Pro-Life groups have lobbyists. Flat tax advocates have lobbyists.
Lobbyists are a way for the people to organize and centralize their voice on an issue. There is nothing wrong or sinister about that.
It was corrupt politicians who accepted lobbyist money for advantages in business, rules to hold back competitors and tax loopholes for certain groups. Those are also unconstitutional actions.
But, since nobody cares about the constitution, we see all lobbyists as the same and paint with a broad brush.
Personally, I want my voice heard in DC. I like lobbyists.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.