Five Key Things Trump Needs to Do Well

[jgarden]

So would I, without even blinking an eye.

In case you've forgotten, according to the Constitution, America is a nation based on religious freedom - opposed to a state religion or one that attempts to impose its beliefs on others.

If conservatives want to "wrap themselves in the flag," they can't turn their collective backs on one of its basic tenants.

 

[Tambora]

You're confused. Western culture includes the concept of religious freedom.

To a point.

You can't ban Muslims. It's un-American and illegal.

Then we should change that so that we can ban, and it's not un-American or illegal..

 

[rexlunae]

Yes, the rich are not rich enough to keep the USA at full employment.

How is making the rich richer supposed to help anyone else?

 

[jgarden]

The amount of taxing the government does from income tax to property tax to sales tax to inheritance tax, and on to licence fees, registration fees, permit fees ........................................ and on and on and on to the point of absurdity, OUR GOVERNMENT HAS BECOME A DEN OF THIEVES looking for any excuse to drain you dry.

Number one on the list of thieves is the PONTUS, himself, who is standing up to his neck in the swamp - a billionaire that apparently hasn't paid a penny in income tax for years!

If Trump wants to correct this assertion, let him release his past income tax results - I will gladly release mine!

 

[Ktoyou]

Except we've had plenty of examples of Westernized Muslims. Turkey is a secular government run by and a country mostly populated by Muslims. Beyond that, the Muslims you find in Western cultures, in fairly short order, support Western institutions. To keep out people because of their faith would be so contrary to our principles as a country of immigrants who often left their native lands to escape religious persecution and proscription as to undo something integral to our character as a people.


You have to distinguish between sudden influxes of refugees with normal immigration.


Corporations will love you, but we managed one of our greatest industrial boom periods during a time when corporate taxes were higher than they are now. The problem is greed, not taxes. And there's another way to handle it. Put a cap on profits. If the captains of current industry don't care for it let them go elsewhere and I promise you there will be ample replacements who will find being rich sufficient motivation.


The government isn't. And the rich pay laughably low taxes, on average lower than the middle class. That said, if you want the rich to pay their fair share tax luxury goods. Consumption taxes (not on essentials) can fill the coffers and put a lot of tax attorneys out of business. A win/win.


Sure, though those have to be fair for everyone and not merely better for the other guy.


You think they'll be surprised? An alliance with a country containing its resources makes a great deal of sense, provided we can trust them or failing that have sufficient verification that they'll live up to their end of an economic alliance.

Actually, Wall street fears most the protectionist policies Trump has proposed. This was the original reason Wall street actually first backed Hillary Clinton. The problem was, Clinton was very agreeable, yet she could not have reduced corporate taxes fast enough to appease the real power in America, which are the 'fat Cats". These are the ones who finally backed Trump, although it was split enough to cause the market to fall greatly on futures, then rise the day of the election. this is all based on the tax assumption, which if it does not pan out in the short run, then financials will fall, as too many in the market panic and far too many are too invested in equities. What this will do is cause financials to fall, while they buy up the stocks and then have greater gains.

All but the multi million invested might take a loss if the tax rate does not become amended before inflation and interest rates raise.

 

[rexlunae]

To a point.

Meaning? What limits do you think there should be?

Then we should change that so that we can ban,

How about, no.

and it's not un-American or illegal..

Yes, it is.

 

[Ktoyou]

How is making the rich richer supposed to help anyone else?

By increasing corporate expenditures and raising employment. If you need more, study economies and finance

 

[Ktoyou]

Number one on the list of thieves is the PONTUS, himself, who is standing up to his neck in the swamp - a billionaire that apparently hasn't paid a penny in income tax for years!

If Trump wants to correct this assertion, let him release his past income tax results - I will gladly release mine!

You cannot refuse to admit Trump said he used tax loopholes because he was smart. I thought that was a big mistake, yet he pulled it off.

 

[rexlunae]

By increasing corporate expenditures and raising employment. If you need more, study economies and finance

Why would it increase corporate expenditures? Companies expand when there is an opportunity to make money. If you just give them cash without working on the lack of business opportunities, they just put the money in the bank without doing anything.

Just the same old supply-side nonsense. It's not that it can never work, but it could only work in an environment where there's a lack of liquidity for investment, which is definitely not the situation right now. Rather, there are too few potential customers because the poor and the middle class have been squeezed dry.

 

[Ktoyou]

Why would it increase corporate expenditures? Companies expand when there is an opportunity to make money. If you just give them cash without working on the lack of business opportunities, they just put the money in the bank without doing anything.

Just the same old supply-side nonsense. It's not that it can never work, but it could only work in an environment where there's a lack of liquidity for investment, which is definitely not the situation right now. Rather, there are too few potential customers because the poor and the middle class have been squeezed dry.

No, they really don't. You would think Bank Of America would be sitting on cash, following your logic. I have 5% bond issue from BOA and interest rates on mortgages are not that high. The problem with current business models is there is too mush cash out and lack of liquidity. Then everything which supposed to happen get priced in months in advanced. when something goes wrong, panic sets it. One reason we had the financial crises, which might happen again.

Take the from old Kat

 

[Ktoyou]

The amount of taxing the government does from income tax to property tax to sales tax to inheritance tax, and on to licence fees, registration fees, permit fees ........................................ and on and on and on to the point of absurdity, OUR GOVERNMENT HAS BECOME A DEN OF THIEVES looking for any excuse to drain you dry.

I do think property taxes should be lower, especially for older persons. You know, Texas has a no tax policy for over age 65, but they take all own, no juice, when you pass on.

I agree with TH somewhat on taxing luxury goods, yet I am against personal property tax, so, it would have to be a sales tax bite.

 

[ok doser]

I agree with TH somewhat on taxing luxury goods...

clinton did that back in the nineties, with disastrous results

i had friends in the yacht-building industry who lost their businesses because those who could afford a mega-yacht could afford to avoid clinton's poorly-conceived tax schedules and buy from offshore builders

 

[jgarden]

I do think property taxes should be lower, especially for older persons. You know, Texas has a no tax policy for over age 65, but they take all own, no juice, when you pass on.

I agree with TH somewhat on taxing luxury goods, yet I am against personal property tax, so, it would have to be a sales tax bite.

Sales taxes are regressive - the wealthy spend a much lower % of their income on taxable goods than the average citizen.

The tax system is already heavily biased in favor of America's 1%, they don't need the beleaguered "middle class" to provide them with further subsidizes.

 

[Ktoyou]

On Trade:

On Trade:

On Trade:

We need an effective trade policy with Mexico, and angering the president of Mexico seems a poor start. I am all for bringing about a better deal than NAFTA, but lets not forget, we have a 'deficit', if you call it that, because we buy more from them and that is because we can spend more.

China is even more sensitive. All the market drag of 2015 was China slowdown in GNP and its GDP. They are not producing as much today. A bad trade deal could leave both countries at a loss.

There is no way to have China loss and the USA win today.

Trump needs to keep global trade strong!

 

[Ktoyou]

Sales taxes are regressive - the wealthy spend a much lower % of their income on taxable goods than the average citizen.

The tax system is already heavily biased in favor of America's 1%, they don't need the beleaguered "middle class" to provide them with further subsidizes.

Do you know what the highest income tax bracket is today? You may think persons like Trump get away with paying little taxes, but most in higher tax brackets do pay the full tax burden, now, or as RMDs when they retire. Very few avoid the income tax, as well alternative taxes.

Part time I do taxes and see the huge tax burden.

I think you mean working-class. They pay far lower taxes, at 15%, they pay no capital gains taxes at all.

 

[jgarden]

clinton did that back in the nineties, with disastrous results

i had friends in the yacht-building industry who lost their businesses because those who could afford a mega-yacht could afford to avoid clinton's poorly-conceived tax schedules and buy from offshore builders

All the government need to have done was to tax the importation of foreign built yachts to a point that made American ones competitive.

The fact that this wasn't done speaks as to who was funneling political contributions to enough members of Congress that would prompt them to look the other way.

 

[rexlunae]

No, they really don't. You would think Bank Of America would be sitting on cash, following your logic.

They approach a quarter-trillion dollar market cap. They have an annual dividend yield of 1.28%, and with a market cap of $234 billion, that amounts to a fair bit of money. And their earnings amount to about 6% of their market cap, which is also...a ton of money.

They seem to be doing well enough.

I have 5% bond issue from BOA and interest rates on mortgages are not that high.

And?

The problem with current business models is there is too mush cash out and lack of liquidity.

Too much cash out...and lack of liquidity? How does that work?

Then everything which supposed to happen get priced in months in advanced. when something goes wrong, panic sets it. One reason we had the financial crises, which might happen again.

Take the from old Kat

I don't disagree that we could see another financial crisis, although we'd probably disagree on why. We seem poised to roll back the meager restrictions pushed through after the last crisis, which would allow the banks to reopen the casinos that bankers use other people's money to gamble with.

 

[ok doser]

All the government need to have done was to tax the importation of foreign built yachts...

they weren't imported - they were bought offshore, through offshore corporations (often shell) and registered offshore

iirc, if they wanted to cruise US waters for more than a certain amount of time, they had to lease them back from themselves

 

[Ktoyou]

clinton did that back in the nineties, with disastrous results

i had friends in the yacht-building industry who lost their businesses because those who could afford a mega-yacht could afford to avoid clinton's poorly-conceived tax schedules and buy from offshore builders

This is the common result of taxes. Apple has billions off shore today

 

[jgarden]

Do you know what the highest income tax bracket is today? You may think persons like Trump get away with paying little taxes, but most in higher tax brackets do pay the full tax burden, now, or as RMDs when they retire. Very few avoid the income tax, as well alternative taxes.

Part time I do taxes and see the huge tax burden.

I think you mean working-class. They pay far lower taxes, at 15%, they pay no capital gains taxes at all.

The economic data shows a massive transfer of wealth within American society to the wealthy within the last 47 years - starting with the Reagan Administration.

The conservative mantra was that tax cuts were supposed to stimulate the American economy - which contributed to massive government debt without the desired results.

If you must cut taxes, there have to be strings attached - starting with all recipients having to demonstrated that the money was reinvested in the American economy