In the Middle Ages an average duke or earl’s property was about 38,000 acres, and the “little people” grew the food and paid taxes to these aristocrats of yore, and the humble were called serfs and lived like dogs to support the castles for the very few.
The present crony capitalism is different. Our aristocrats elect public officials, set prices by corporations, and there are no serfs, just the “working class.”
Today’s lords and masters also make the dukes of old look like the pikers that defended them. Donald Trump, for example, boasts about $9 billion in wealth. That wouldn’t just buy him 39,000 acres, but at $10,000 an acre, he could acquire 900,000 acres or 1,400 square miles – enough to fit all New York City’s boroughs inside – four times – and still have 200 square miles remaining for golf courses and towers. At that size, Trump’s land could hold 40 million inhabitants at NYC density.
Asked if he is in favor of raising the minimum wage this week:
DONALD TRUMP: I can’t be, Neil (Cavuto). And the reason I can’t be is [that] we are a country that is being beaten on every front economically, militarily. There is nothing that we do now to win. We don’t win anymore. Our taxes are too high. I’ve come up with a tax plan that many, many people like very much. It’s going to be a tremendous plan. I think it will make our country and our economy very dynamic. But, taxes too high, wages too high, we’re not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is. People have to go out, they have to work really hard and have to get into that upper stratosphere. We can not do this if we are going to compete with the rest of the world. We just can’t do it. – most recent Republican debate
Donald Trump has a mixed bag of economic solutions, many bereft of the international business class influence and geared to common sense solutions.
For example, our trade with foreign nations allows them to use VAT tax and tariffs to prevent our manufactured goods from entering their countries. At the same time we weakly drop tariffs to appease big contributors to politicians, the same tycoon bribers who want to move factories to cheap, no-tax, employee hell holes. Before the Civil War nearly all government revenue came from tariffs. There was no income tax. Donald Trump is 100% right in urging tough trade deals. A good starting point for trade is here: http://goo.gl/Lpt8rV
Our Social Security system is the joke of the industrialized world. The average payout is some 40% of prior wages, versus 63% in Germany, for example, where average wages are also much higher than here. U.S. Medicare pays only a small portion to doctors for their expenses and many physicians are refusing new patients because of this inequity. Prescription out-of-pocket drug costs come in at nearly $5,000 a year for many seniors. Donald Trump is 80% right in saying these are programs that workers paid for and should not be reduced by age or benefit changes, but he is wrong in not urging better benefits.
We need to fix immigration. I had an employee who was seven years into applying for citizenship, earned an MBA here, married a successful woman executive, but still was years away from being an “American.” That injustice is an example of what’s wrong with our immigration policy. Instead of solving this we allow software designers and other engineers to overstay visas, and permit coyotes to exploit the defenseless from Latin America. Donald Trump is 60% right on this issue, because his so-called exportation plan should instead consist of an automatic administrative process that grants work visas to those here with jobs or children born in the USA.
Any family earning less than $50,000 would not pay federal income tax under the Trump plan. This is already the case for many of these low earners. Trump, however, wants to cut corporate, dividend and other taxes that benefit the rich. He also wants to end the estate tax for the very wealthy, only affecting those with assets of more than $5 million.. On taxes Donald Trump is 40% right to argue against income taxes for the poor, but wrong to promote ending the estate levy and reducing other taxes for the super wealthy.
Trump’s comment to Neil Cavuto reflects not just his views, but the attitude of most of the super rich. Trump – and others born with a golden diaper – blindly believe that they are aristocrats. Many, if not most, never worked a day in their life, except to attend meetings, play golf and drink business with their buddies. In Trump’s case he inherited a fortune and invested wisely. Who knows for sure? The guy who picks up his garbage might have done even better than Trump and avoided bankrupting companies and defaulting on prior obligations.
Sadly, a suite in a Trump property may cost $15,000 a night or more – the same amount earned in a year of hard work by the person who cleans the toilets in that same suite. That’s what $7.25 minimum wage buys you – one night hobnobbing with the other aristocrats or 2000 hours of a human being cleaning filth.
No hardworking Republican American will vote for a man who declares he wants our wages kept low to impress his greedy pals and enhance profits for the top one percent. He is 100% wrong on this issue, and if he doesn’t change his attitude, it’s time for Trump to pick up his cards and just fire himself from the GOP Presidential race.