Trump would make a good president from an economic point of view.

Is not the world just funny? Here we are two Canadians discussing American politics. Anyways, Since the president of the United States has been named but not sworn in yet, I thought it would be reasonable to discuss the economic future of our southern neighbor. I believe Trump would make a great president economically for four reasons. I believe that his tax cuts, his smart plan to attract foreign investment and bring back jobs to america, his plan to replace trade deals that are draning the american economy and his experience make him highly qualified to be president of the United States. Firstly, Trump is a major proponent of large tax cuts on all socio-economic classes. Trump is a Republican candidate and a key part of his economic platform is tax cuts to all socio-economic classes in america. Tax cuts to all economic classes is a beneficial step for the american economy since the tax cuts would result in much more money in the pockets of americans especially the higher class and the middle class. When the middle class and the rich have more money in their pockets due to tax cuts, consumer spending goes up which in tandem creates higher demand for goods. When there is more demand for goods, the supply has to increase to satisfy the demand which results in more business activity and more starups which creates more jobs and the average american will do better financially. So to summarize my first point, Donald Trump will create large tax cuts for all economic classes. The middle class and the rich will have much more money in their pockets due to the large tax cuts. When the rich and the middle class have much more money, consumer spending goes up which in tandem forces the demand for products to go up. When the demand for products goes up, then new business opportunities will open up to satisfy that demand and more business activity will occur due to startups and new small businesses attempting to satisfy that demand. as a result of the surge of startups that is to be expected, much more jobs are going to be created, the job creation number is estimated at 25 million new jobs. Secondly, Donald Trump has a smart plan to attract foreign investment and to bring back jobs to america. Donald Trump will decrease the corporate tax from 35 to 15 making it much cheaper to do business in the US. This significant plunge in the corporate tax rate will without a doubt attract foreign investment from other countries to do business in the US since they will get to keep more of the money they make and since america already has a strong purchasing power. Due to the absurd corporate tax rate of 35%, an uncountable number of corporates have moved overseas to escape US taxes while still making money off the american demand. No company ever wants to give up 35% percent of its money to the government. Due to that absurd corporate tax rate, vital companies have moved overseas like Johnson Controls, Pfizer,CF Industries, a fertiliser manufacturer, Coca-Cola. america has the highest corporate tax rate of any developed country which leads to a mass migration of american companies to other countries where corporate taxes are more relaxed. Should we wait until all of american corporates move to other countries and there are no more jobs left in america due to the absurd corporate tax rate. With Trump as a president, the corporate tax rate will be reduced to 15%. The new low corporate tax rate should act as an incentive to bring back all the overseas companies and to bring back all the jobs with them. Moreover, another incentive Trump plans to make to bring back all those overseas companies is to have relaxed environmental regulations. Having relaxed environmental regulations should solve the secondary problem as to why those companies move overseas since american companies move to places where there are less strict environmental regulations. Moreover, Trump will replace all the dranining trade agreements and replace them with ones that do not hurt the american economy. Current trade agreements like the NAFTA and the TPP which is yet to be signed, allow developing countries to get rich of america. In those trade agreements, developing countries would supply and satisfy a demand in a major market in america. This sounds good at the surface level where developing countries get to satisfy a demand in the american population, but under further analysis, this idea crumbles. Those trade agreements allow developing countries to provide a constant supply of goods to america to satisfy a certain type of demand. Those goods from the developing world are generally much cheaper than american goods due to low workers' wages in developing countries. The developing world then sabotages the american industry by providing an unbeatable rival to the industry. Since the developing world are allowed to supply constant cheap goods to the american population through those trade agreements, american industry can not compete with the cheap goods and therefore the america industry is sabotaged. as a result, those trade agreements hinder the american industry and the american economy by providing an unbeatable rival from the developing world with much cheaper goods. In addition, those trade agreements create trade defecits in the US since in those trade agreements, the US is generally importing and barely exports while the developing world does the majority of the exporting. Under Trump's plan, those inefficeint trade agreements that hinder and sabotage american industry while creating trade defecits would be completely repealed. Other more efficient trade agreements would be established where the american industry is not sabotaged and where there are no trade defecits for the US. Ladies and Gentlemen, Let us not forget that Donald Trump is a successful multi-billionaire businessman who has built a 4-billion dollar economic empire. Donald Trump has an irrefutable experience went it comes to the world of economics as he has been exposed to supply and demand, world markets, foreign trade and other economic concepts on his road to becoming an economic mogul. He would be a perfect fit for the current economy of america since the american economy is experiencing a slump and he would be the needed experience to solve that problem. He has a proven track record of successful business planning and adminstration so he would most likely run america the same way he runs his successful multi-billion economic empire. Sources : https://www.brookings.edu... http://www.forbes.com... http://graphics.wsj.com... https://www.donaldjtrump.com... https://informationstation.org... http://www.economist.com...