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View Poll Results: Will Trump be a good President?
Yes 61 27.35%
No 162 72.65%
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  #10421  
Old 20.12.2017, 15:28
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Re: Will Trump be a Good President?

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Of course, the GOP hope is that the tax cuts will empower companies to create growth and new jobs.

But with US unemployment at a 17 year low associated with Trump's drive to both reduce immigration and to increase deportations of illegal immigrants then it is not obvious that there is a pool of labour suitable to fill such new jobs which will be crucial to drive growth.
Tax cut is only putting the car into first gear. Second gear would be infrastructure projects that produce intrinsic and longer lasting values.

Labor pool is not a problem, and a mild scarcity should drive up wages to a suitable level for regular citizens.
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  #10422  
Old 20.12.2017, 15:54
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Re: Will Trump be a Good President?

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Tax cut is only putting the car into first gear. Second gear would be infrastructure projects that produce intrinsic and longer lasting values.

Labor pool is not a problem, and a mild scarcity should drive up wages to a suitable level for regular citizens.
Oh yes, all that money not taken in in taxes will definitely be used to build new infrastructure and definitely used to pay extra in wages.
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  #10423  
Old 20.12.2017, 15:56
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Re: Will Trump be a Good President?

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Has that ever actually happened?

I'm actually in favour of tax breaks for companies to encourage growth into a new region, but I'm yet to see evidence of tax breaks encouraging better conditions and rewards for existing employees. All I see is senior management wages and bonuses increasing almost exponentially, with little consideration for the workforce.
I'm open to be corrected however.
Actually, I thnk it's location dependent.

So if you go into a booming and succesful area, and lay off a handful of people, that's not doing much hurt in the bigger picture of things. They'll probably be in new jobs pretty soon. The area cotinues to grow and generate more jobs. No big damage done.

If you take that factory and build it in a heavily underpriveledged area (for example predominantly , say, African American communities in the Rust Belt), having those jobs can make a real difference to the broader community. If people who work in the new factory have a bit to spend then the cafe on the corner and the barber next door and the deli shop down the road all benefit and further jobs are created, Kids see that effort and work can be worthwhile and can adjust their objectives accordingly. Do it right and you can create a virtuous spiral.

So if you create a system of tax breaks that come with the condition of creating a certain numer of jobs in areas with say, unemployment levels above X or average household income below Y, that could help move existing wealth around.

This probaly does more to close the wealth gap than the old reflex of taxing the rich, which only encourages them to hide the money offshore.

Of course this isn't easy, but why not at least start the discussion?
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  #10424  
Old 20.12.2017, 16:03
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Re: Will Trump be a Good President?

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Has that ever actually happened?

I'm actually in favour of tax breaks for companies to encourage growth into a new region, but I'm yet to see evidence of tax breaks encouraging better conditions and rewards for existing employees. All I see is senior management wages and bonuses increasing almost exponentially, with little consideration for the workforce.
I'm open to be corrected however.
In the US, various States tried tax cuts to encourage growth. Between 2001 and 2007, Arizona, Louisiana, New Mexico, Ohio, Oklahoma and Rhode Island cut personal income taxes. However, there was no discernible impact on economic activity.
Maybe it will be different at a Federal level.

Not only senior management wages and bonuses increasing almost exponentially but also dividend increases.

The US tax cuts going into effect on next 1st January so giving the IRS very little time to issue new rules and guidance

Meanwhile Trump has yet to nominate a permanent Commissioner for the IRS and the IRS has faced multiple budget cuts, it does not look like the transition to the new tax code will be bump free!
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  #10425  
Old 20.12.2017, 16:10
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Re: Will Trump be a Good President?

Time Magazine's Person of the Year has been announced, and Duplicitous Donald will be upset. It's definitely not him, whatever lies he may have told the press about this "title".
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  #10426  
Old 20.12.2017, 16:12
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Re: Will Trump be a Good President?

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Actually, I thnk it's location dependent.

So if you go into a booming and succesful area, and lay off a handful of people, that's not doing much hurt in the bigger picture of things. They'll probably be in new jobs pretty soon. The area cotinues to grow and generate more jobs. No big damage done.

If you take that factory and build it in a heavily underpriveledged area (for example predominantly , say, African American communities in the Rust Belt), having those jobs can make a real difference to the broader community. If people who work in the new factory have a bit to spend then the cafe on the corner and the barber next door and the deli shop down the road all benefit and further jobs are created, Kids see that effort and work can be worthwhile and can adjust their objectives accordingly. Do it right and you can create a virtuous spiral.

So if you create a system of tax breaks that come with the condition of creating a certain numer of jobs in areas with say, unemployment levels above X or average household income below Y, that could help move existing wealth around.

This probaly does more to close the wealth gap than the old reflex of taxing the rich, which only encourages them to hide the money offshore.

Of course this isn't easy, but why not at least start the discussion?
Companies are opening new factories in the South where they avoid the Union problems believed to be inherent in the Rust Belt.
Rust Belt states so crucial to Trump’s White House win last year have been largely left out of the employment boom. Unemployment is up in Wisconsin, Michigan, Indiana and Ohio since May, according to data from the Bureau of Labor Statistics.
The largest gains in manufacturing jobs between 2010 and 2016 were in South Carolina, Tennessee and Georgia.

Source
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  #10427  
Old 20.12.2017, 16:29
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Re: Will Trump be a Good President?

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Meanwhile Trump has yet to nominate a permanent Commissioner for the IRS and the IRS has faced multiple budget cuts, it does not look like the transition to the new tax code will be bump free!
That may well be outright intentional. The less staff the less teeth the IRS has, and the more likely the taxed are to get away with shady practices.
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  #10428  
Old 20.12.2017, 19:31
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Re: Will Trump be a Good President?

He is cr*p at recruitment, that is for sure - how many ???

https://www.facebook.com/Brutlive/vi...7238109908033/
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  #10429  
Old 20.12.2017, 21:19
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Re: Will Trump be a Good President?

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"The US says it "will be taking names" during a UN General Assembly vote on a resolution criticising its recognition of Jerusalem as Israel's capital.

Permanent representative Nikki Haley warned member states that President Donald Trump had asked her to report on "who voted against us" on Thursday."

http://www.bbc.com/news/world-middle-east-42424666

Pompous a*****e.

No need to take notes. It'll be everyone voting in favour of the motion except the US and Israel.
And now he's being a bully.

"US President Donald Trump has threatened to cut off financial aid to countries that back a United Nations resolution opposing the recognition of Jerusalem as Israel's capital.

Earlier this month, Mr Trump took that step amid international criticism.

"They take hundreds of millions of dollars and even billions of dollars, and then they vote against us," he told reporters at the White House.

"Let them vote against us. We'll save a lot. We don't care."

http://www.bbc.com/news/world-middle-east-42431095

I hope it's a unanimous (without US and Israel as we know) yes approving the motion. D**head.
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  #10430  
Old 20.12.2017, 21:20
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Re: Will Trump be a Good President?

Trump suggests US will cut off aid for countries that vote for UN resolution

President Trump suggested on Wednesday that the United States could withhold foreign aid for countries that vote in favor of a United Nations (U.N.) resolution calling on the U.S. to withdraw its recognition of Jerusalem as Israel's capital.

Sohttp://thehill.com/homenews/administ...at-vote-for-unurce

Edit; Oooppss, posted too late
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  #10431  
Old 20.12.2017, 21:21
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Re: Will Trump be a Good President?

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And now he's being a bully.

"US President Donald Trump has threatened to cut off financial aid to countries that back a United Nations resolution opposing the recognition of Jerusalem as Israel's capital.

Earlier this month, Mr Trump took that step amid international criticism.

"They take hundreds of millions of dollars and even billions of dollars, and then they vote against us," he told reporters at the White House.

"Let them vote against us. We'll save a lot. We don't care."

http://www.bbc.com/news/world-middle-east-42431095

I hope it's a unanimous (without US and Israel as we know) yes approving the motion. D**head.
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Trump suggests US will cut off aid for countries that vote for UN resolution

President Trump suggested on Wednesday that the United States could withhold foreign aid for countries that vote in favor of a United Nations (U.N.) resolution calling on the U.S. to withdraw its recognition of Jerusalem as Israel's capital.

Sohttp://thehill.com/homenews/administ...at-vote-for-unurce
Actual LOL!
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  #10432  
Old 20.12.2017, 21:46
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Re: Will Trump be a Good President?

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And now he's being a bully.

"US President Donald Trump has threatened to cut off financial aid to countries that back a United Nations resolution opposing the recognition of Jerusalem as Israel's capital.

Earlier this month, Mr Trump took that step amid international criticism.

"They take hundreds of millions of dollars and even billions of dollars, and then they vote against us," he told reporters at the White House.

"Let them vote against us. We'll save a lot. We don't care."

http://www.bbc.com/news/world-middle-east-42431095

I hope it's a unanimous (without US and Israel as we know) yes approving the motion. D**head.
If you give in to a bully the future beatings will only get worse
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  #10433  
Old 20.12.2017, 21:54
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Re: Will Trump be a Good President?

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Actual LOL!
I am sure the Chinese will be more than happy to extend their cheque book influence; the Russians too if they had any money
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  #10434  
Old 20.12.2017, 22:31
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Re: Will Trump be a Good President?

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I am sure the Chinese will be more than happy to extend their cheque book influence; the Russians too if they had any money
According to Syngenta the Chinese are running out too
But let's face it, what exactly is the deeply indebted US giving to someone when it says it gives them money?!

As we say here: "Papier ist geduldig".
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  #10435  
Old 21.12.2017, 00:19
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Re: Will Trump be a Good President?

Here's what Trump told reporters before a Cabinet meeting at the White House on Wednesday morning.
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"The individual mandate is being repealed. When the individual mandate is being repealed, that means Obamacare is repealed. Because they get their money from the individual mandate. So the individual mandate is being repealed.
So in this bill, not only do we have massive tax cuts and tax reform, we have essentially repealed Obamacare and will come up with something that will be much better, whether it's block grants or whether it's taking what we have and doing something terrific.
But Obamacare has been repealed in this bill.
Source

Source2

Trump really thinks he has repealed Obamacare? He needs professional help!!
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Trump said he refrained from playing up that measure because he was worried about how the news media would report it, but added “now that it’s approved, I can say that [Obamacare has been repealed in this bill].”
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  #10436  
Old 21.12.2017, 08:45
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Re: Will Trump be a Good President?

Oh look.

AT&T, Comcast, Wells Fargo promise bonuses or pay hikes once tax cut bill passes

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage. Will also target $400 million in donations to community and nonprofit organizations next year.
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  #10437  
Old 21.12.2017, 09:25
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Re: Will Trump be a Good President?

To their top executives.

As they are tax deductible.
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  #10438  
Old 21.12.2017, 09:28
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Re: Will Trump be a Good President?

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To their top executives.
Top executives are on $15 minimum wage. WHO KNEW!

Have another link:

Thankful for Massive Tax Cut, AT&T, Wells Fargo Promise to Share the Wealth
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  #10439  
Old 21.12.2017, 09:31
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Re: Will Trump be a Good President?

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Top executives are on $15 minimum wage. WHO KNEW!

Have another link:

Thankful for Massive Tax Cut, AT&T, Wells Fargo Promise to Share the Wealth
I'm amused at your lack of cynicism, only when it suits you.
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  #10440  
Old 21.12.2017, 09:55
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Re: Will Trump be a Good President?

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I'm amused at your lack of cynicism, only when it suits you.
To be perfectly honest, I don't care about the tax arrangements in a country that's an ocean away. It shouldn't bother you either.
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