Donald Trump announced his grand economic plan at the debate last night. And mostly it includes tax cuts for the wealthy because the wealthy love to create jobs for the common folk and so if you give the wealthy more money then they will spend it on you.
Sadly, we can never propose to give the poor folk more money because that would be socialism and the more money you give to the poor the worse it gets for them because they only get lazy and then waste the money on drugs and then need more socialism.
The wealthy however are never lazy and do not waste any money on drugs but rather only wish to spend their excess money on making things better for the poor by creating more business/job opportunities which is a good thing that in turn makes more money for the wealthy which is another good thing and since there is nothing social about it, just business… It is a great thing.
Except no matter how many times this economic plan is tried, no matter where, no matter when, it always fails to produce the results expected…or hoped for. And why is that? Because when wealthy people get more money, they keep it and add it to their collection of money. Or they spend it on the extravagances that they enjoy that require special services and servants and not you…unless you are a low wage worker in one of the many service industries. Or they pass it on to their relatives.
Who, thanks to Mr. Trump’s other tax proposal (to eliminate the inheritance tax) can keep it all without paying any taxes on it, ever. So they can in turn pass it on to their relatives and so on and so on ad infinitum, tax free.
And even Mr. Trump agrees that to not pay any taxes is a good and smart thing to do if you are wealthy. When he had to show his income taxes to NJ state authorities when he was trying to get a casino license, they showed he didn’t pay any federal income tax at all. “That makes me smart.” Said his wealthiness.
And as the debate continued, Mr. Trump complained that the U.S. Treasury has accumulated too much debt while the government has neglected American infrastructure. “We’re a debtor nation,” he said. But no matter, because even if Mr. Trump and his fellow wealthy Americans paid their fare share “It would be squandered, too, believe me.” He added.