The Right Scoop
Chris Chocola, president of the Club for Growth, called Mr. Trump’s potential candidacy a joke yet his web site leads here? I guess Chris is just trying to make a buck......FU@#!N hypocrite.
Mr. Trump
Stay out of politics. You do not know what you are talking about. Stick with your shows, casinos and mistresses
Donald,
You are totally correct! Our government is slacking and the elite of theis country, all our political idiots, know what thet are doing! They are selling us out to China and making a killing off of it themselves. We let companies monve everywhere and take jobs and industry out of this country. It's time we start fighting as a united group of individuals in this country and put a stop to being sold out. We elected these idiots we can fire them! It's time as a U.S. citens to take back this country!!!!
Nah. Tariffs aren't a good idea; two can play at that game, and we're already in a significant trade deficit. If you want to stimulate a boom in manufacturing, you've got to water the grass, not piss on somebody elses' lawn. Start massive deregulation, make investment a worthwhile venture (eliminate all capital gains taxes), allow companies to write off at least a significant fraction of R&D costs in their taxes, eliminate payroll taxation against companies (taxing them for giving people jobs) and slash federal income tax against both corporations and individuals. Slash and eliminate spending in all other un-Constitutional areas, so the US isn't so tax-addicted. I'll bet China wouldn't even make too much of an attempt to match those actions, because China really isn't about slashing taxes, deregulation and getting rid of government obstacles. Don't try fighting the enemy by fighting their fight; fight them by fighting America's fight. They cannot win. If they could've, they would've, by now.
I agree that tariffs aren't the answer. I don't think deregulation is, either. We've been there, and it isn't pretty. We need to strip them of MFN status, and impose not tariffs on their goods, but higher standards. No more cheap crap, no more toxic contaminants. MFN status should be something they have to earn. They want to export to America, they should have to meet the same standards our goods do, regarding safety, purity and everything else.
Nah. Tariffs aren't a good idea; two can play at that game, and we're already in a significant trade deficit. If you want to stimulate a boom in manufacturing, you've got to water the grass, not piss on somebody elses' lawn. Start massive deregulation, make investment a worthwhile venture (eliminate all capital gains taxes), allow companies to write off at least a significant fraction of R&D costs in their taxes, eliminate payroll taxation against companies (taxing them for giving people jobs) and slash federal income tax against both corporations and individuals. Slash and eliminate spending in all other un-Constitutional areas, so the US isn't so tax-addicted. I'll bet China wouldn't even make too much of an attempt to match those actions, because China really isn't about slashing taxes, deregulation and getting rid of government obstacles. Don't try fighting the enemy by fighting their fight; fight them by fighting America's fight. They cannot win. If they could've, they would've, by now.
Eliminate all federal agencies and activities that require money to operate, but are not Constitutional.
Eliminate capital gains tax. America, naturally, is more attractive than the PRC, when it comes to investors and people looking to open branch offices. If the Red Chinese want to see who's more charismatic, they're going to be embarrassed.
Eliminate payroll taxation. Taxing a company because they hire someone is really stupid. Obama's stupid idea of giving 'tax breaks' to companies that hire is nothing compared to telling companies they're going to be set free from payroll taxation.
Bone-deep cuts in federal income tax on both employees and employers. Some corporations don't pay, because they think it'll not be worth it, considering how much they'll lose, hence their tax attorneys possibly gray-legality gymnastics. When they can see they'll still make good money, even after some taxation, this will clear some problems up. Also, employees have the money to not only sustain themselves, but to stimulate the economy by buying things from these businesses.
Make direct appeals to companies that relocate to China with incentives to leave and set up shop in the Continental United States, complete with long term tax breaks, including cuts in their federal income tax. Shamelessly steal business away from them (and India).
Let the Laffer Curve roll, baby.
Historically, income tax revenue has come in at about 20% of GDP, no matter what the tax rate was. The Laffer curve has proved itself to be pretty much irrelevant. But lowering spending doesn't lower the deficit by as much as expected, because it also lowers the GDP.
Trump would welcome a trade war with China because they don't compete with him directly on anything. Would he still welcome a trade war with them if they were pouring some of their profits into buying and building high-end New York real estate?
I think he means a tariff. He said we should tax Chinese goods. Sounds good to me. The Founders were for it.
You don't seem to get it. China engages in massive industrial protectionism, but we do not. Our industry is totally naked to foreign competition, which is protected by tariffs, legal or de facto. We need a tariff to be on economical equal footing with the rest of the world. Just because American companies lose in competition with China doesn't mean they are less efficient, it just means China has an artificial advantage.
This is the reason why I have said that our biggest enemy in the world is China. We need to pay off our debt to them so they no longer have any influence on this country.
Technically, they only control about 37% of the world's reserve, but produce 97% of the world's supply. It's similar, IMO, to oil reserves around the world being held mainly by the Middle East, because of limitations in finding such resources in other areas.
There are explorations for such elements going on around the world in as many countries as Australia, Brazil, Canada, Greenland, South Africa, United States, and Vietnam. Of course, as with any advanced country, Government can get in the way of such explorations (i.e. lack of exploration on federal land). As has happened in the past, the production of such elements will shift to other countries as they are found.
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