Trump's Infrastructure Plan Funnels Your Taxes To His Billionaire Friends
June 17, 2017
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7:48Now PlayingTrump's Infrastructure Plan Funnels Your Taxes To His Billionaire Friends
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as posted by the channelTrump has been conning people his entire adult life and has no plans to stop. John Iadarola, Michael Shure, and Mark Thompson, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"Our country is in dire need of massive investments in infrastructure, but what Donald Trump is proposing is nothing more than a huge tax giveaway for the rich.
1. It’s a giant public subsidy to developers and investors. Rather than taxing the wealthy and then using the money to fix our dangerously outdated roads, bridges, airports, water systems, Trump wants to give rich developers and Wall Street investors tax credits to encourage them to do it That means that for every dollar they put into a project, they’d actually pay only 18 cents and we would contribute the other 82 cents through our tax dollars.
2. We’d be turning over public roads and bridges to private corporations who will charge us expensive tolls and earn big profits. These tolls will be set high in order to satisfy the profit margins demanded by elite Wall Street investors. So—essentially—we pay twice – once when we subsidize the developers and investors with our tax dollars, and then secondly when we pay the tolls and user fees that also go into their pockets.”*
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Hosts: John Iadarola, Michael Shure, Mark Thompson
Cast: John Iadarola, Michael Shure, Mark Thompson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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