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What if Trump’s war on immigrants is not just cruel and lawless but is a dead end for the economy?

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14.04.2019

In 2016 candidate Donald Trump kept his message simple. He was pro-economic growth but wanted immigration severely restricted. Late this week, as president, Trump declared he is "strongly considering" excluding illegal immigrants from all but sanctuary cities.

He was a world-class successful businessman who was going to put that acumen to work for the American people. After all, he knew the “best people”.

For years, U.S. corporations had been keeping hundreds of billions of dollars off-shore to avoid American taxation with some estimates that this cash stash approached $2 trillion dollars. There were some pretty perverse consequences from hoarding those stranded off-shore profits, as America’s decaying infrastructure was starved for capital investment and the nominally American multinationals chose to put their money to work somewhere else.

Trump’s suggested during the campaign the way to repatriate all that money was to cut the corporate tax rate and watch the hundreds of billions come pouring back. And with that flood of money he was going to dramatically grow the economy, or so the story went.

In a debate in Nevada he predicted he was going to take the rate of growth of the domestic product from an anemic one percent up to a robust four percent. “And I actually think we can go higher than four percent. I think you can go to five percent or six percent,” Trump proclaimed.

It wasn’t long after Trump, and the GOP pushed through their $1.5........

© Salon