|
The reasons for the huge deficit are deeper than Trump and go back decades.
When you export as many of your industries as possible, you lose jobs which is the prime raiser of taxes and the most expensive way of keeping people fed and on welfare.
When you allow millions of low skilled workers into a country to replace more expensive US workers. You lose tax revenues and raise welfare.
When you have a long history of not paying enough taxes, debt rises. The money the individual spends doesn't go into the economy like it used to when you made everything yourself.
When the Government has schemes designed to spend money to raise votes. Debt rises.
When the Government goes to war and intends occupying the country long term. Debt rises.
Dropping taxes on companies was done to encourage more back to America, where they employ people, spend money and pay more taxes. But you can't see that. In a system that is designed to make the 1% richer beyond all their wildest dreams. By taking jobs to low wage countries and paying little taxes in the country they sell in via tax havens. Do you really expect anything else?
|