By Anon
The daughter of Robert LiButti, ‘a New Jersey mob figure’, says her late father had a longtime relationship with Donald Trump.
Robert LiButti gambled millions of dollars at one of Trump’s casinos, flew on Trump’s helicopter and partied aboard Trump’s private yacht.
Trump challenged over ties to mob-linked gambler with ugly past
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Trump says he wants more jobs for Americans.
Is Trump going to ban robots and computers?
If Apple makes its stuff in the USA, then either it pays wages as low as those in China, or it finds it cannot compete with Samsung and other rivals.
If US firms are going to pay lower wages, that does not help the retail industry.
An Apple video iPod assembled in China sells for roughly $300 in the United States.
Very little of that $300 goes to the Chinese firms.
“The Chinese get only about six bucksworth of value from the item’s assembly and shipment. Meanwhile, the U.S.-based Apple and its affiliates get hundreds of dollars from an iPhone’s final U.S. sale (for things like design, marketing, and even some manufacturing).”
3. Modern manufactured goods, such as Boeing 787s, are usually made from components from different parts of the world.
Boeing’s 787, has a fuselage made in Italy, engines made in the United Kingdom, passenger doors made in France, cargo doors made in Sweden, landing gear doors made in Canada and wing tips made in South Korea.
Trump could force Boeing to have all the parts made in the USA.
4. But such a policy of ‘Protectionism’ has its risks.
In 1930, the Smoot–Hawley Tariff Act raised U.S. tariffs on imported goods to record levels.[2]
So, Trump has to be careful that he does not bring about a Great Depression.
5. Yes, too many jobs have been offshored, but Trump may not realise how complicated matters are.
There are good reasons why Coca Cola has bottling plants all around the world.
The main problem is that “We have socialism for the rich, crony capitalism, fascism, kleptocracy, oligarchy or banana republic style corruption.” – Washington’s Blog
6. Trump should advocate raising taxes on the rich, cutting military expenditure and investing heavily in infrastructure.
Ivanka Trump
The US election will probably be decided on the issue of the economy.
1. “The US economy died … when the financial system was deregulated.”
The Us Economy Has Not Recovered and Will Not Recover – Paul Craig Roberts
2. Bernie Sanders believes that free trade agreements like NAFTA, Permanent Normal Trade Relations with China, and the U.S.-Korea Free Trade Agreement have allowed too many American jobs to move overseas.
170 top economists have endorsed Bernie Sanders’ platform regarding Wall Street, signing a letter stating:
“The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment from commercial banking, must be enacted.”
Washington’s Blog
“Piketty … sees Sanders ….leading the United States toward a possible return to the nation’s pioneering 20th century experiments with extremely progressive taxation and social spending…
“Piketty points to the fact that, prior to Reagan, 20th century fiscal policy in the U.S. was aggressive in taxing the wealthy – much more so than the European counterparts…
“From 1930 to 1980 … the rate for the highest U.S. income (over $1 million per year) was on average 82%…
“Those rates … played a tremendous role in creating social equality and helped provide crucial government revenue for robust social programs…”
World’s Most Famous Economist.
“Reagan … lowered the rate for the highest incomes to 28%…
“‘Sanders’ success today shows that much of America is tired of rising inequality and these so-called political changes, and intends to revive both a progressive agenda and the American tradition of egalitarianism,’ Piketty wrote.
World’s Most Famous Economist.
Trump has said that the federal minimum wage should not be increased because wages are already too high.
Trump wants to abolish the estate tax (FDR’s oligarch tax).
Trump wants the top rate on income to fall from about 40% to 25%, ‘meaning a tax bonanza for the rich and super-rich’.
Those in the top 0.1% would see their taxes reduced by an average of $1.3 million, or 19% of their after-tax-income.
Trump’s program would increase the federal deficit by just under $10 trillion in the first decade, and then by $15 trillion in the second decade.
The state of Texas has the largest number of people living in districts that are severely distressed economically.
Wealth And Income Gap, By ZIP Code
One of Trump’s homes.
“In the USA, the majority of those who receive some form of public assistance (medicaid or foodstamps) have jobs … but they earn so little that they cannot make ends meet.”
Donald Trump wants to keep wages down, while reducing taxes on the rich, and spending Visit Site