I keep finding it harder and harder to take Donald Trump seriously. I haven’t seen a Presidential Candidate so repulsive since 1968 and George Wallace. The difference is that George Wallace was an open bigoted racist who hated blacks and wanted Jim Crow laws returned in vengeance.
Donald Trump is different. Donald Trump is openly a billionaire that thinks the “rest of us” should kiss his ring just because he is Donald Trump and has lots of money. He wants you to believe that he is “one of you” and will be “your spokesman”.
But, if you look at his “big economic speech” in Detroit yesterday, you will discover that you, the middle-class don’t count. Oh, he pretended to be speaking for you. He said that he would give “unlimited tax breaks” for child care. Problem is that most Americans would never get any benefit from those “tax breaks” for the simple reason that most Americans do not itemize their taxes.
Additionally, that “unlimited” part is intended to help the rich take a bigger “tax break” for their childcare. It does not lay out anything like eliminating “private nannies” as being eligible for a tax break. Finally, even if the middle-class did itemize their tax returns, the “tax break” would not equal the full cost of childcare. Which means you will ge very little, if any, benefit from this “tax break” he is promising.
But the rich will get loads of tax benefits from the same “tax break”. They pay a lot more for childcare than you do. If they are allowed to deduct the payroll for nannies their deduction will be much more than yours. So, once again they gain and you lose.
Another item he brought up was the Estate Tax. Republicans call it the “death tax” and he was adamant about repealing this terrible tax. If you think this will help the middle-class, think again. Only about 2 people out of 1000 people actually need to pay anything on the estate tax.
That is because you need to inherit an estate worth about 11 million dollars before you have to pay any taxes on an estate. That amount of money means that the middle-class and the working poor don’t pay anything in estate taxes today. When he said “The middle-class has paid taxes all of their lives and shouldn’t pay taxes when they die” he is lying.
You don’t pay any taxes when you die unless you have an estate worth over 11 million dollars. Which means you don’t pay any taxes when you die. But, the estate tax does affect the top 1 percent of the economic ladder.
Additionally, the vast amount of money in these people’s estate were never taxed. It is often capital gains that were never declared because the stocks were never sold. Therefore, no taxes were paid on that money so they aren’t being taxed “again” as Trump insinuates.
What Trump laid out yesterday was another “trickle-down” economic policy. It was exactly what Paul Ryan and the Republican Party has been trying to shove down our throats for years. It failed under Ronald Reagan, and it will fail again.
This is nothing more than Ronald Reagan’s policy one that is loved by Paul Ryan and apparently Trump. However, there is one big difference between Reagan and this policy. Reagan said you cannot give tax cuts “without paying for them”. There was nothing in this economic plan to indicate that “pays for the tax cuts”.
As a matter of fact, revenue will be decreased by over $10 Trillion. Yet, Trump says he is going to “build roads, rail roads, airports, infrastructure, and rebuild our military”. Where is the money going to come from?
If you want to build just one International Airport, you will be spending somewhere in the neighborhood of at least $1 Billion. That money has to come from somewhere. Which means that the deficit will explode.
These are just a couple of examples of the fantasy world that Donald Trump lives in. Problem is he wants you to live in it with him. He has already gone so far as to claim that “I am afraid that this election is rigged”. That is talk of a loser, not someone who really thinks he can win.
His plan for “energy” will eliminate the Clean Air and Water Act. He wants to use “dirty” energy in order to save companies money rather than save the planet. He doesn’t seem to care if you get sick from the water you drink or the air you breathe. He said nothing about public education. He said nothing about health care. He really said nothing.
Even with the standard Republican economic policy now endorsed by Trump, Republicans are fleeing from the Trump Tent. They are calling him everything except “fit” for the office. In his usual flair, he says he doesn’t care. He turns on these Republicans instead of trying to bring them back to the tent. That is no way to “build bridges” and consolidate your Party to support your candidacy.
The polls show that he and Clinton are the least “trusted” candidates running against each other in history. But, when it comes to telling the truth, PolitFacts shows that Trump is the one who lies the most.
Assuming that the national narrative about politicians lying is correct, let us assume that 25 percent of everything a politician says is untrue. That seems like a reasonable number for a baseline.
In their investigations of facts in each candidate’s speeches, they have discovered that Clinton is untruthful in 27 percent of her comments. It also discovered that Trump is untruthful in 73 percent of his comments.
What this tells me is that Donald Trump runs around in his black sedan tossing out lies wrapped up in candy wrappers. He then tells you that he is the friendly stranger who will help you and, in fact, he “the only one who can fix things.”
Republicans are showing the rest of us that what we learned from our parents growing up was right. We should run away from that “stranger in the black sedan.” The only question left is how fast can you run?