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In what ways do you think that Donald Trump will change America???
61-69, F
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SW-User
His economic policies are based on historical failures and misguided perceptions.
His protectionist stances, particularly regarding China, will invariably raise prices while reducing competition and quality. It always has.
His tax policy will reduce revenue, spending, and savings, which will stifle growth and investment while increasing poverty as it did towards the end of both Reagan's and W's terms.
His plan to bring manufacturing jobs back is futile since we lost ~70-80% of those jobs in the past dozen years to technology and logistical streamlining, not necessarily to outsourcing. Any jobs "brought back" will either be insignificant or inefficient. It's a terrible idea.
Plus, he intends to grow the GDP under the notion that it will create jobs. Not only is the GDP an absolutely myopic measure of economic development, it hasn't been connected to job creation since at least the Clinton years. Growing the GDP will only exacerbate income and wealth inequality
It's like whoever is informing these ideas hasn't read any economic literature in at least 30 years
His protectionist stances, particularly regarding China, will invariably raise prices while reducing competition and quality. It always has.
His tax policy will reduce revenue, spending, and savings, which will stifle growth and investment while increasing poverty as it did towards the end of both Reagan's and W's terms.
His plan to bring manufacturing jobs back is futile since we lost ~70-80% of those jobs in the past dozen years to technology and logistical streamlining, not necessarily to outsourcing. Any jobs "brought back" will either be insignificant or inefficient. It's a terrible idea.
Plus, he intends to grow the GDP under the notion that it will create jobs. Not only is the GDP an absolutely myopic measure of economic development, it hasn't been connected to job creation since at least the Clinton years. Growing the GDP will only exacerbate income and wealth inequality
It's like whoever is informing these ideas hasn't read any economic literature in at least 30 years