So today was Donald Trump's big tax policy speech, and this tweet by Paul Krugman sums it up well.
So Trumponomics is standard voodoo with a squirt of protectionism on top. This is supposed to be exciting and turn around his campaign?— Paul Krugman (@paulkrugman) August 8, 2016
My favorite is Trump doubling down on the failure of trickle-down economics and other giveaways to the rich is his calls to eliminate the estate tax. It is an absurd idea, as the estate tax only hits married couples if they get assets worth more than $10.9 million. It's no surprise a rich kid like Drumpf who inherited all of his "success" and money would want his kids to avoid the tax bill, but wasn't of the standby principles of this country was "no landed gentry", with your Daddy's and Mommy's backgrounds and assets not being the sole determination of whether you can make it in this country? (OK, it kind of does work this way in 2016 America, but Drumpf doesn't want people to know that).
The thought of repealing the "Eric Trump/Paris Hilton" tax is disgusting, yet all but 3 GOPs in the House voted to do this a year ago, despite the fact that doing would raise the deficit by $269 billion over the next 10 years. For a tax cut that almost none of the no-college, dead-end jobber Trumpkins will ever get a diome from. And that's just the tip of the iceburg of Trump's absurd plans, as the oligarchs at Pete Peterson's organization said earlier this Summer that Drumpf's plans were estimated to cause another $10 trillion in deficits for the next decade.
Oh, and in addition to the tax cuts the military will be STRONG and FEARED and our commitment to infrastructure will be YUUUUGE under Trump! With no problems in any other section of government or the economy as a whole resulting from this! Just believe it, and it'll happen!
Uhhh, no thanks. The jury back on the last 35 years of trickle-down madness, and it doesn't work. And today Drumpf proved he is no different than the other snake-oil salesmen that define the GOP in that time period. I know you have to be a sucker to support a racist dimwit like Drumpf in the first place, but you have to be a special kind of fool to think he's some kind of different Republican when it comes to taxing and spending. Nothing but Dubya-2.