Quote:
Originally Posted by ernie
His tax plan has been panned by numerous groups on both sides of the ideological divide. Standard for any policy proposal but it certainly isn't met with praise and in fact will likely greatly add to the countries deficit and debt. As with most thing Drumpf, his details aren't really given. He talks about loopholes being closed but typically doesn't specify them. Those that make out the best under his plan are shockingly the ones who don't need the help. He and his family alone would personally benefit by billions of dollars. Most of the GOP candidates tax plans are just dressed up trickle down economics...give a little bit to satisfy the whining masses but most benefit goes to the wealthy the friends of the party. And at some point cutting taxes has to end.
|
You obviously must not have much experience with the US tax code, which is by far the most convoluted system in the world and makes Canada's system look like a model of efficiency in comparison. There are countless loopholes and credits that have been engineered by special interest groups over the years resulting in a system that benefits certain types of (usually larger) corporations at the expense of small to mid-size businesses and individuals who cannot move profits offshore nor take advantage of credits as easily. The corporate tax rate in the US is among the highest in the OECD and it is driving business outside the country as evidenced by the rash of tax inversions in recent years (Valeant, Burger King / Tim Hortons, Mylan, Pfizer etc.). The convoluted system is
the major government policy that is stopping the US economy from achieving its potential right now.
I'd suggest that you read
Trump's tax platform because your comments seem to indicate that you are not familiar with his proposal. The system is a progressive income tax structure that is very similar to Canada's with the key difference being a base personal exemption of $25,000 rather than $11,327.
Quote:
Originally Posted by ernie
The immigration system being broken is overblown and his solution and things he has said are quite frankly disgusting. Undocumented population is about 3% of the overall population and a great many of those undocumented would be welcomed with open arms so really this is a different sort of 1% "problem".
Quick name the fastest growing undocumented group? hint it's not mexicans or muslims. A wall and registry are not going to work as one moves forward. Unless that wall completely encircles the entire country.
|
The immigration system is most certainly broken and there is no debate about it. When the number of illegal immigrants continues to exceed those in the US legally I'm not sure how you can argue this. Even if you disregard the problem with illegal immigration the legal immigration system is horrendous.
The majority of legal immigrants to the United States arrive there under family reunification. A small portion of legal immigrants arrive in the US under economic classes despite the country being the most desired location for well educated migrants worldwide. The current policies result in legal immigrants being to the US being older, less healthy, and poorly educated in comparison to those arriving in countries with working immigration policies like Canada. Fareed Zakaria did a nice piece on this several years back
that I'd encourage you to watch. Combined with the illegal immigration problem, the current system is creating a demographic nightmare in the United States rather than helping the economy as immigration should.
I'm not a Trump supporter and I agree that his comments on immigration are tasteless populist bluster designed to appeal to the typical American idiot, but it imperative for the immigration system to be fixed. Funnily enough, both the horrible tax code in the US and the broken immigration system have benefited Canada by shifting corporate jobs here and providing us a pool of highly skilled immigrants who have been unable to gain access to their preferred destination, but a US economy functioning to its potential would be a far better scenario for our prosperity.