Can Trumps economic plan work?

[hollodero]

(01-10-2017, 11:22 AM)Benton Wrote: The flip side of that is when companies like Hostess. Back when we had Twinkiegeddon, the CEO of Hostess was quick to point out that workers refused to take another pay cut (they'd already accepted reduced wages and decreased benefits to keep the doors open). The union moved forward with a strike because during that same time, the CEO got a 300% pay raise and most of the upper management got significant pay increases as well.

Well isn't that cute.

(01-10-2017, 11:22 AM)Benton Wrote: As far as the tariffs and effect on other markets, don't know. But it's doubtful it will have a huge impact.

Using India, a quick search had a Toyota Corolla going for about the same in India as it does in the U.S. (just under $20k or 1,493,491 rupees). They're going to sell more Corolla's here than India (according to one web site, it's about 7 times more right now). If US made goods cost more, they're still going to sell more because US workers still make more.

Sure, that is true for the home market. I more referred to the fact that Americans pretty much have cars already and just need to replace the broken ones... but there are soo many Chinese people without one. From what I've heard more and more of them don't dig walking any longer. You want access to those markets, or your production is limited and your trade deficit is still here to stay - just with less goods overall. That would have been my point.

(01-10-2017, 12:34 PM)Belsnickel Wrote: The decreased reliance on the top category, which includes tariffs as they are a type of excise tax, and corporate tax has caused the increased reliance on the payroll taxes (OASDI, HI, FUTA) which are paid part by corporate and part by individual. This is a result of globalization, and whether it is something that should be reversed somewhat and how much is a matter of great debate among economists. So that is what I tend to look at, is the revenue generation.

Would it help our economy? Who would pay the price for it? If other countries aren't taking similar measures, will we just be shooting ourselves in the foot? Are we going to cut in other places and ignore the massive debt?

Sure, very complicated.
Might be my being a naive leftie (in reality I'm just naive), but it sure would help to smoke out tax-evading havens like Cayman et al. Isn't that just a very simple truth behind that very complicated graph.

(01-10-2017, 02:35 PM)bfine32 Wrote: The short answer is: Nobady knows.

Vontaze?

(01-10-2017, 02:35 PM)bfine32 Wrote: I hope it does; I'm just not sure everyone else does.

Hmm. On the one side, you guys would face an easier, happier living if it works out. On the other hand, it would mean I was wrong and that very much not likeable Donald guy would be a success.
Guess to me it depends how nice you are towards me.