My business and political decision-making is rooted in outcome analysis that is blended with anticipated performance based on future extension of current policies. Sidebar information such as the policy makers’ track record, background economic conditions, time, public opinion, international competition and many other inputs are infused into the thinking. The output is simply “yes” or “no.”
The national political leadership of Team Obama was driven by consumption of assets and redistribution of current income using central government authority. The political power resides in the Commerce Clause of the U. S. Constitution discovered by liberal politicians and expanded by Depression-era Democrats.
The basis for federal revenue was established by the Sixteenth Amendment to the United States Constitution that allowed Congress to levy an income tax without apportioning it among the states based on population. “Tax the rich” and “the ability to pay” were born as political mantras.
Team Trump is driven by production of assets and distribution by means of a market-driven system of prices and demand. Social safety nets, paid from the general tax base, are utilized to improve life for those in need of outside assistance. Emphasis is on individual need, hopefully on a temporary term. Self help is a national goal.
In this writer’s view there are structural deficiencies with the Team Obama strategy while the Team Trump system will produce superior wealth accumulation based on individual innovation. Re-investment of accumulated wealth is the multiplier missing from the Obama model.
Walter B. Bull, Jr., Pinehurst
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