Thursday, August 6, 2015

Economists Say Trump is Wrong



Yahoo reported that economists deny Trump’s ability to bring jobs back to America  from China and other countries. Well, the economists are wrong. All it would take is a repeal of the income tax. Nearly half of the cost of labor is taxation. If you want to create jobs, cut the income taxes. That does not mean merely corporate, as that would not reverse the trend alone. You need to eliminate payroll taxes and personal income taxes.

The repeal of the income tax should also apply to states, and all taxation should be restricted to what the Founding Fathers concluded — indirect taxation only. That means consumption taxes EXCLUSIVELY. Then it also does not matter who is here, as illegal aliens would pay the same as citizens. Income taxes only apply to citizens or those with green cards.

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