Wednesday, November 23, 2016
What Do Trump Supporters Want and How Can He Deliver It
Trump has lots of supporters. He got 90% of the votes from Republicans. He will cut taxes for wealthy Americans along with a big cut in corporate taxes. That will make many wealthy Republicans happy. He won the election, however, by convincing lower income Americans that he will make them powerful again. Can Trump deliver on that promise? Many low income Americans oppose raising taxes on high income Americans so that the government can redistribute some of that income back to them in social welfare programs. The don't want handouts; they want to feel empowered. Unfortunately, Trump cannot reverse market processes that have cost them jobs. They are in a difficult predicament. The don't want income redistribution and Trump is unable to return the jobs that they desire to them.