The Trump majority may soon feel buyers’ remorse
A majority has spoken. A disappointed minority may not admire the judgment rendered, but it must respect the right of a majority to express it. Else, to paraphrase the poet, what’s a democratic republic for?
The election was clearly one in which voters’ perceived interests outweighed their professed values. Surely, not all of those supporting Donald Trump were applauding his character and the amoral values he represents. Given the complex factors that shape voting behavior, it is reasonable to conclude that the Trump majority was seeking an escape from the pain and disappointment and fears prompted by recent economic turmoil.
Close analysis of the promised Trump program suggests that his voters may soon have second thoughts. Any new administration’s plans are subject to change, but if the next president is supported by the Republican-controlled Congress in executing the proposals set forth in the campaign, the hoped-for escape will lead to greater distress on several fronts.
To begin with, the multiple pledges of tax relief — on overtime, on tips, on Social Security income — plus proffers of further tax cuts for wealthy investors carry predictable consequences for national debt.
Other than historically unachievable rates of increased productivity and economic growth, no one has........
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