Is Donald Trump a socialist? Well, yeah — he is. After all, this is a man who claims to be worth billions who also bragged about not paying taxes for nearly two decades. Talk about a case of taxpayer-funded corporate welfare.
But that’s a story for another time.
For this article, my focus is on Trump’s apparent “plan” to combat outsourcing. And by “plan” I mean his threat to impose large tariffs on any company that outsources jobs, while apparently offering massive tax incentives for any company that decides to keep jobs on U.S. soil.
That’s why Carrier is keeping some jobs in Indiana — because Mike Pence offered the company millions of dollars in tax cuts to keep a few hundred jobs there. While Republicans will sell these tax cuts as “job creating,” they’re not. These jobs Carrier is keeping in the U.S. will never offset the millions of dollars in lost tax revenue Pence handed them. Though make no mistake about it, that revenue will have to be made up somewhere. And by “somewhere” I mean on the backs of the taxpayers of Indiana.
Whether they want to admit it or not, that’s a form of socialism — but it’s the bad kind.
You see, socialism is great when it comes to crucial services such as education, emergency services, the military, infrastructure or health care. Industries which should not be controlled by for-profit enterprises which view human beings as revenue streams.
However, when you have socialism on a scale where Trump’s taking it, that’s where things get dangerous. What Trump’s doing is what Republicans have spent decades claiming to vehemently oppose: Interfering in free market capitalism.
Donald Trump’s “plan” for combating outsourcing isn’t a well thought out legislative bill that encourages American manufacturing while incentivizing job growth. It’s a dictator-like approach where he’s blatantly threatening the free market, while offering very rich companies incentives that more or less equate to corporate welfare (aka socialism) to keep jobs from leaving the country.
Now I know what some might say: But that’s good! The government should be trying to keep companies from outsourcing jobs!
Yes and no.
Should the government pass rational and sensible forms of regulations that discourage outsourcing while also encouraging companies to see the positive aspects of innovating and keeping jobs within the United States?
But that’s entirely different than making over-the-top threats of huge tariffs being imposed on companies, while also setting a precedent that a president might be willing to push states to offer millions of dollars in tax breaks any time a company threatens to outsource jobs. When you get right down to it, that’s nothing more than the government bribing companies with taxpayer-funded handouts that aren’t going to do anything more than make these rich companies even richer — while they raises prices, reduce wages or cut benefits to offset the costs of keeping jobs on U.S. soil.
Don’t forget that while all this is going on, these “tax incentives” are going to leave huge holes in state and federal budgets that will have to be compensated for. And guess who’s going to do that? The poor and middle class via cuts to vital programs and hikes in property, sales and state taxes.
This is the bad kind of socialism where an authoritarian-like dictator is basically building an “economic plan” based on threats against a free market economy and subsidizing the profits of big business on the backs of the taxpayers. Of course, that makes it appear as if he’s “saving jobs” when he’s doing nothing more than bribing companies to make himself look good while 98 percent of Americans pay for these tax breaks.
After years of fear-mongering against President Obama for being a “socialist” because he dared to push for slightly higher taxes on the rich and health care reforms to help provide more Americans with health care, Republicans then elected a man whose entire “plan for combating outsourcing” is to say, as president, I’m going to use my power to punish companies that don’t do what I want them to, while heaping millions of dollars in tax cuts that poor and middle class Americans will ultimately pay for to those companies that bend to his will.
Tax cuts that are nothing more than the taxpayers subsidizing the profits of big corporations and the bloated salaries of the rich executives running them.
In other words, Donald Trump’s “plan” to deal with outsourcing is unprecedented government threats against a free market economy accompanied by massive government-funded handouts (aka corporate welfare — also known as “trickle-down economics”) to private businesses that the majority of Americans are going to pay for.
President Obama wanted to give more Americans access to health care and for that he was labeled a “socialist” by millions of conservatives — many of the same people who proudly support Donald Trump, a man whose entire “plan” to keep jobs on American soil is basically a taxpayer-funded subsidization of corporate greed and threats to abuse his government power against any private company that won’t bend to his will.