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Trump tax plan: 80 percent of economic gains will end up going to foreigners, cbo says

Risky Thicket

Risky Thicket

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Here it is. Read it for yourselves.

President Donald Trump touted the economic growth triggered by his tax cuts in a speech Thursday afternoon, pointing out the projected growth of gross domestic product (GDP) over the next 10 years had increased because of the plan. But 80 percent of the economic growth generated by the Republican tax cuts will eventually go abroad and benefit foreigners, according to a new report by the nonpartisan Congressional Budget Office.

The report found significant differences between projected GDP, which measures the level of production in the U.S., and gross national product, which measures the income earned by all Americans. If the economic impact from GDP is higher than GNP, the difference between the two is income generated in the United States but going to foreigners. According to the CBO, on average 34 percent of income from the economic activity driven by the tax cuts is flowing out of the country, and in 2028, when the full effects of the tax cuts are in place, that number will increase to 80 percent.
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Full article here.


 
Beware Trump's failure. His betrayals means you will end up with a far more radical, actually conservative president. There's a backlash brewing, and things like this are contributing to it. Burning Trump hats ought to scare us all.
 
Risky Thicket said:
Here it is. Read it for yourselves.



Full article here.


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Actually, this is excellent news. Think about this carefully for a moment: If you are a foreign investor, this makes the United States an even greater investment opportunity. The more money that flows to foreign investors in the form of dollars means that more money that can be reinvested in corporations and businesses in the United States. That means more jobs, more productivity, more growth. I do not see this as a problem at all, unless one is being nakedly jingoistic. But I do not have a problem with foreign companies who wish to make an actual profit investing in the United States.
 
Felis Leo said:
But I do not have a problem with foreign companies who wish to make an actual profit investing in the United States.
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You aren't the typical voter though. Jingoism in the general public ebbs and flows, and right now the Republican Party has fanned those flames with their (new) base. I mean, Trump ran on that, it was is top slogan basically.
So the issues are:
- Trump ran on America first, and this let's foreigners enjoy being first at the trough of the gains. The opposite of his claims. (if it's to be believed)
- Foreign investors are the wealthy/corporations. Which is where we all know his Tax Cuts really went, but it's again where Trump/Republicans liked to claim isn't the case.

So while your more educated and...reasonable approach to how the economy works (although I'm not in complete agreement, off topic) is appreciated, the Republican message, Trump's message, and what his base rallies around, are the opposite. It's more of a critique on Trump and his supporters/messaging than it is on the calamity it would cause in the economy.

While I appreciate the boost to my investments directly, I think there are better ways we can invest in the United States other than just adding more to the investor class. What's the multiplier for investing the ultra-rich/corporations, vs a more spread out investment, including infrastructure, schools, etc.? I suspect given our massive wealth disparity, adding more to the rich is gonna give diminished returns...but investing in our money-starved "growth" areas, would be far more effective (a bit of a can of works to discuss that...sorry!)
 
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cuban smokes said:
"America First" my ass = Make Foreigners Great All the Time

hey Paul Ryan; stuff that block of Wisconsin cheddar up your ass sonny boi
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LOL! Scott Walker is happy to have Ryan moving back to Wisconsin and share some of the heat.
 
What a funny post.Liberals complaining about foreigners getting rich on our dime.Then they want every illegal immigrant that comes here to get everthing they can for free.
 
Felis Leo said:
Actually, this is excellent news. Think about this carefully for a moment: If you are a foreign investor, this makes the United States an even greater investment opportunity. The more money that flows to foreign investors in the form of dollars means that more money that can be reinvested in corporations and businesses in the United States. That means more jobs, more productivity, more growth. I do not see this as a problem at all, unless one is being nakedly jingoistic. But I do not have a problem with foreign companies who wish to make an actual profit investing in the United States.
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Ya, I think you guys really screwed up when you passed your tax cuts.

35-80% of the gains going out of the Country?

Well, this is just great for the Tribulation (2020-2026).

Why do we need foreign investment? Do we want China to own all our factories? and Towns? and hunting camps?

Government shouldn't be meddling in things like growth they should come naturally on a level playing field.

Anybody have a plan to reverse this?
 
Risky Thicket said:
LOL! Scott Walker is happy to have Ryan moving back to Wisconsin and share some of the heat.
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You know what's really happening here?

Trump and everybody else won the jackpot when they took birth in America, but where will they be next birth? Still looking for five Continents? Maybe you need to diversify your race or religion.

So as a result, nobody cares about America long term and they want everything now.

Furthermore in their future conditioning; where they are now they hate America.
 
jonny5 said:
Not much of a thread opener. Do you have a point?

<debate forum
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I had another point, as a foreign investor I'm betting that some liberal won't come take over Congress and take away my eighty per-cent.
 
Moderate Right said:
LOL. More kool aid drinking. Neither are true.
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Neither what, that Obamacare wasn't just a step to one-payer?

Come on, don't tell me the Republicans running around crying , "Failed stimulus." didn't kill them both.
 
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