Trump’s Economics Plan

race horseWhat is an economist for? Normally an economist is a credentialed individual who finds a method for transferring wealth and income from you to others with political power which you don’t have. Trump’s economic play will do that. Clearly he has talked with some economists.

As a serious rule of thumb any time there is a proposal to change the tax code without a prior reduction in spending, your tax burden is going to increase. What would constitute a good tax proposal? Americans have now idea what government costs.  With a good tax code, citizens pay more when government spending increases and they pay less when government spends less. Unless, citizens feel the burden of spending increases, they will not object to any spending increase. My wife Jean just commented that tax cuts are monetary morphine. I cannot argue with that.

Trump wants to cut the corporate tax.  It would actually be good to have a corporate tax rate of 0% but there is a problem. Corporations own the government and use it as a means of passing legislation that bolsters their bottom. They use federal reserve policy to flood the economy with money thus elevate their profit margins at the expense of.  Because corporations control government, the added cost to the public actually function as a tax on you. With Trumps proposal, corporations will pay less to support government but the corporations will still be able to tax you. It is a gift to the rich. Corporate taxes need to come down but only if they lose the ability to place their own taxes on the public. When you pay extra for everything you buy and prices are elevated by misuse of government, you are paying a tax even thought it is not named a tax.

With respect to trade, only free trade will be helpful to the citizens of the country. With free trade there no tariffs on goods entering or leaving the country. It is as simple as that.

Trump is a good choice for president because his opponent is a world class felon and a sociopath.

 

This entry was posted in Daily Comments on by .

About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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