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The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles

Title: Donald Trump's Unusual Plan to Lower the National Debt: Sell Off Government Assets
Source: NBC News
URL Source: http://www.nbcnews.com/politics/201 ... l-debt-sell-government-n549946
Published: Apr 3, 2016
Author: ANNE THOMPSON and CHRISTINA COLEBURN
Post Date: 2016-04-03 20:24:58 by Roscoe
Keywords: None
Views: 4637
Comments: 29

As president, Donald Trump would sell off $16 trillion worth of U.S. government assets in order to fulfill his pledge to eliminate the national debt in eight years, senior adviser with the campaign Barry Bennett said.

"The United States government owns more real estate than anybody else, more land than anybody else, more energy than anybody else," Bennett told Chris Jansing Sunday on MSNBC. "We can get rid of government buildings we're not using, we can extract the energy from government lands, we can do all kinds of things to extract value from the assets that we hold."

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Begin Trace Mode for Comment # 18.

#3. To: Roscoe (#0)

Donald Trump would sell off $16 trillion worth of U.S. government assets

At last a semblence of reasonable economic policy, in a capitalist economy why does the government own these assets, doesn't it believe in free enterprise? and with the national debt gone the budget could be balanced without too much pain. Perhaps Dump can covert these assets into walls along the mexican border

paraclete  posted on  2016-04-03   20:57:50 ET  Reply   Untrace   Trace   Private Reply  


#7. To: paraclete (#3)

And with the costs of administering the assets gone, the feds could use the savings for tax reductions.

Roscoe  posted on  2016-04-03   21:06:42 ET  Reply   Untrace   Trace   Private Reply  


#14. To: Roscoe (#7) (Edited)

And with the costs of administering the assets gone, the feds could use the savings for tax reductions.

let's not get carried away, in order for there to be reductions people have to be paying tax. You want to give Dump a tax reduction on nothing, you will owe him money

paraclete  posted on  2016-04-03   22:28:44 ET  Reply   Untrace   Trace   Private Reply  


#15. To: paraclete (#14)

people have to be paying tax

I'm sure there are some, but I don't know anybody who isn't paying taxes.

Roscoe  posted on  2016-04-03   22:31:39 ET  Reply   Untrace   Trace   Private Reply  


#17. To: Roscoe (#15)

I don't know anybody who isn't paying taxes.

You might have a limited range of friends there, statistics suggest the majority pay very little

paraclete  posted on  2016-04-04   0:57:27 ET  Reply   Untrace   Trace   Private Reply  


#18. To: paraclete (#17)

statistics suggest the majority pay very little

The majority of people pay about 20% of their income as some form of tax. Social Security and and Medicare taxes apply, without deduction, to the first dollar earned, and everybody pays sales taxes and excise taxes when they buy things.

There are also taxes on every phone call, taxes on energy use, taxes on water. If you own, you pay real estate taxes. If you rent short term you pay room taxes. There are taxes on everything. Income taxes only make up about 40% of total tax revenues. The majority of taxes AREN'T income taxes.

Vicomte13  posted on  2016-04-04   9:01:34 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 18.

#24. To: Vicomte13 (#18)

Now you know why your econony doesn't work the emphasis is in the wrong place

paraclete  posted on  2016-04-04 19:03:51 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 18.

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