And the winner of the 2016 U.S. Presidential election, as reported by the major mainstream media outlets is Donald Trump. It has also been reported that Hillary Clinton called President-elect Donald Trump to concede.
Electoral vote count (so far): 279 for Donald Trump, 218 for Hillary Clinton. 270 electoral votes are needed to win.
Popular vote: 57,227,164 votes (48.0%) for Donald Trump, 56,279,305 votes (47.2%) for Hillary Clinton. Update: Now it is closer to 59,085,795 votes (47.5%) for Donald Trump and 59,236,903 votes (47.6%) for Hillary Clinton.
Yell, scream, gnash teeth... but please keep it civil.
Results at CNN, NYT, FiveThirtyEight, Wikipedia.
takyon: Republicans have retained control of the House and Senate.
Here's some market news:
Dow futures plunge nearly 750 points as investors warily eye electoral map
Asian markets plummet on likelihood of Trump victory
Bitcoin price soars as Trump pulls ahead
Opinion: How to profit from a Donald Trump victory
Ballot measure results will be covered in an upcoming story. Some initial results can be found at Ballotpedia and CNN.
[TMB Note: Stop breaking stuff, cmn32480]
Trump's tax plan involves cutting the top tax rate to the lowest its ever been, to 25%, and to cut corporate taxes all the way down to 15%. If you've ever paid attention to the facts, you'll notice a correlation between higher taxes of the wealthiest and a healthier, robust economy, and a correlation between lower taxes on the wealthiest and a weak, dying economy. The economy is so, so, so very fucked under his tax plan, and the deficit is going to skyrocket because they'd basically have to shut the federal government down to compensate for the massive loss in revenue.
Did you ever think that the problem might be that the government is spending/wasting too much?
Often the argument is to tax corporations. Corporations don't have magical money that comes from nowhere. It comes from selling products/services. Raise their taxes, it just gets passed along TO YOU as increased prices for their products/services. So arguing for higher taxes is akin to asking for higher taxes on yourself. Make it too difficult/expensive for the wealthy, and businesses to operate in the US, they'll just move somewhere that treats them better.
Another thing to consider is that it's not just the wealthy that get hurt. Anyone who has a retirement (401k , IRA, etc) has their money invested in big corporations. Hurting those corporations hurts the returns of many people's retirements that they've worked hard to accumulate.
Liberals are soo greedy. They want services, and benefits, but it's always someone else who has to pay for them. You never see any wealthy liberals offering to pay extra taxes. They'd rather use the government to compel others, at the point of a gun, to surrender their hard-earned wealth.
To paraphrase Margaret Thatcher, "The problem with Socialism is that you always end up running out of other people's money."
Can anyone really say that the US in is good shape? 19T debt + $100T in unfunded liabilities to failed social programs like Medicare and Social Security.
I would be a millionaire right now, if I could have invested my FICA contributions over the years. Instead, they went into the legal ponzi scheme Social Security and were paid as benefits, or stolen by IOUs made by congress long ago.
Hillary was going to increase taxes by $1T, but raise spending by over $3T. How does that make any fiscal sense?
Someone please show me the math how wasteful government spending has any positive effect on the economy. Do you even know what the economy is?
Obama has spent ass tons of money. We've had stagnant GDP for the last 8 years. I suppose that's all W's fault and it would have been worse, and we should have spent more.
yeah sure. Fools.
Poor corporations, they're having it so hard already, selling to a consolidated market of 350 million of the richest people in the world..
Correlation is not Causation.
A wealthy, healthy people can afford to squander resources on excessive and useless governmental overreach.
Alone, reducing corporate tax is bad. Combined with increasing income tax on the 1% and reforming the tax code... Well, it will serve every single pro-American interest his campaign and even the Republican party ever supported.
As I mentioned in another post, we don't know what Trump will do. All his points can be part of either extreme left, extreme right or extreme center polices.
There is a reason why you keep corporate taxes at same rate as highest tax bracket.