^
Sessions did not have anything to do with the speech. The ghost writers are Bannon and the Jew boy from Duke.
I’ve always been a revolutionary. Just didn’t know these guys meant business!
^you should have listened to me back in the summer. he’s here to destroy the 2 party duopoly. rational middle wins (hopefully) and there will be enough people who realize it to give him 8 years to unfuck the US. It’s amazing to me how we all came to accept losing as the new reality. I am starting to be convinced that it is not inevitable. I’ve always known that our politicians are not representing the best interest of its citizens, but i didn’t think it could affect general prosperity to this extent. i’m starting to think there is a lot of unused potential ready to be unleashed.
…or maybe i’m just high on Trumper-ade. time will tell.
WTF is this censoring bullshit!!!
Fuck em Turd
It was alright, definitely one of his better speeches.
He’s not a great orator like Obama… and the speech was typically full of big promises with little substance or specifics.
That being said, though, he came off as much more “presidential” when he kept himself restrained and just read off the teleprompter rather than speaking off the cuff.
It would be interesting to compare the amount of substance in President Obama’s first address to congress to President Trump’s speech from last night.
In South America smart phones cost $1000 and SUVs cost $100,000 because of Trump style trade deals. Like Socialism, these policies have never worked in the history of the planet so I’m not sure why Trump people think they will work now?
Border adjustment tax? What a joke.
Border adjustment tax has a logical economic basis and is not actually a Trump plan. It is similar to VAT employed by most developed nations. I think it is quite risky, and this alone might make it a bad idea. However, it’s not correct to characterize it as protectionism; the motivation is to reduce incentives for corporate inversion.
An unlocked iPhone 7 costs $650 here in the US, they’re about 5,200 Bolivianos in Bolivia, or about $750.
Let’s dig into this. First, what country are you referring to? Secondly, lets look into why these reasons happen and how that relates to the US’s situation.
Cars costing many times as much as in the US is usually a result of specific taxes targeting motor vehicles. It’s not uncommon for other countries to have 100% or higher tax on motor vehicle imports. Sometimes, the goal is to support local automakers. Otherwise, the goal might be to just reduce pollution and congestion.
The Border Adjusted Tax plan would not have limited effect… in theory, since companies would be subsidized through cuts to other kinds of taxes. This does rely on a variety of assumptions, of course.
Vat applies a tax to each layer of production, BAT taxes import not exports. If they want a VAT they should should just push for one. Protectionism is rampant in SA but the best example would be Argentina and Brazil.
I did not say it is the same as VAT. I said it is similar - specifically in that both are destination based taxes. They are closer conceptually than BAT is to high level corporate taxes.
Corporate taxes at 35% are way too high which pretty much everyone agrees including the previous president. Congress should drop it to stay competitive and to take away the incentives to hold money overseas, somewhere in the 15% range should work. Maybe i’m wrong but it looks like they’re using the need for tax reform to sneak in protectionist measures.
I think that US should just cut corporate taxes. If it’s true that US companies are paying almost no taxes to the US, but are presumably paying taxes to some other countries, then it makes sense to provide a more competitive environment to compete for those tax revenues. Clearly, the current approach has not been effective.
Border Adjusted Tax will completely eliminate the incentive for companies to relocate overseas. So, it will be an even more effective solution to inversions. In the long term, currency appreciation will also eliminate sticker price changes to goods consumed in the US. However, as I stated before, there is risk in how the specific rules will be written. Protectionism will happen when one industry or another is exempt from certain rules.
Just watched it. Trump killed it.