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>And there will be gigantic deficits that somehow will be compensated by some future economic growth. It will be compensated by making the country rich and wea
by DefaultUserHN 10y ago
>And there will be gigantic deficits that somehow will be compensated by some future economic growth.
It will be compensated by making the country rich and wealthy again. A rich and wealthy country will be able to pay off the deficits and national debt.
How will Trump make the country rich and wealthy again?
By making it more profitable for companies to do businesses in the United States, so companies will start doing businesses in the United States again. Which means jobs. Which means more people have money. And with more people with more money to tax, the government will get more money even though the tax is lower. Because there are more people to tax. Also, with more companies doing business in the United States, although the tax is lower, the government get more money.
When people have more money to spent, they buy more stuff, which means businesses make more money, which means more profits, more jobs, and higher pay. Which means more money for workers. It is an upward cycle. The economy goes up.
And also, make the country rich again, by doing better trade deals where America doesn't actually lose money. Where the United States actually make money, in those deals.
Also, by taxing or stopping remittance money sent to Mexico by illegals in the United States. Every year, illegals (who don't pay federal taxes) send back $28 billion dollar to Mexico. In other word, money is flowing out of the United States into Mexico. Trump wants to tax it to pay for the wall (hence, the saying Mexico will pay for the wall). This again, will create jobs.
Trump will do this and many other things to make America wealthy and rich again. All this information are on his website. It's all part of his plan to Make America Great Again.