Conquering Your Financial Empire

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Hillary Clinton Economic Plan – Part 2

Published September 5, 2016 in Election 2016 , Government - 0 Comments

Hello readers!  This is the review of the Clinton economic plan.  It’s the final part in what has been an incredibly laboring article series.  I’ve always researched my candidates for election and spent a few hours doing so.  However, to double back and then check sources, facts, and figures only to really dissect the potential economic outcomes was a lot of time.  All told, I spent seven hours researching Trump and another seven writing the articles; for Clinton, I spent about 10 hours researching and 10 hours writing the articles.

As I discussed in Part 1, Clinton’s tax policy should raise government revenues by $1.1Trillion over 10 years.  This is a key component of her overall vision.  She has plans and ideas to revamp nearly every facet of American economics and social norms.  As some commenters have brought up, it will likely be a struggle to pass these kinds of tax reforms.  Consequently, it will be even harder to shape the country like she wants without more deficit financing if she doesn’t get those tax reforms.  To add more trouble Obama apparently had a tense meeting at yesterday’s G20 Summit.  The word on the street is that he and China’s President, Xi Jinping, had a bumpy start on talks of protectionist views and unfair trading practices.  China is one of our largest financiers of deficit spending, as they are one of the largest buyers of available Treasury Bonds.  Shaking up the politics now, could lead to financial consequences later.

With all that on our mind though, let’s dig into the Clinton economic plan! Continue reading

Hillary Clinton Tax and Economic Plan – Part 1

Published September 1, 2016 in Election 2016 , Government - 2 Comments

Like I promised in the Donald Trump presidency breakdown (part 1 and part 2), I said I would keep it fair and look at Hillary Clinton’s platform as well.  I put it off a few days knowing that, unlike Trump’s piecemeal platform, she would have a fully-rounded and comprehensive plan.  And boy was I right – too right.  She has a stance and idea for every issue that you ever discussed in passing at the pub with your friends, or over the water cooler at work, or in the privacy of your own home.  Even things you didn’t know were issues for the Presidency, like Alzheimer’s Disease and Autism (not to dismiss these, but I always thought they were the job for research and medicine, not political footballing).  In total, she has 37 different issues she has pinpointed and each has a short 300 to 500-word narrative.

The Clinton breakdown will follow the same pace as Trump’s.  First I will discuss the tax ideas of Clinton; then, in the next article, I will discuss her over-arching economic plan.  One thing I have to applaud both candidates for is their use of the website.  Clinton has a very streamlined page, following the format of many social media sites – a useful link-filled and permanent header, a muted video about Trump and then a collection of related articles and media just under.  Each one of her landing pages has her text and then a few trackbacks, related articles, and then social sharing buttons.  It truly markets to the people that are likely to frequent her page – young Millennials.

For Trump, his site is blockier.  Everything has a place.  His landing pages are text-heavy, but still use easily read bullet points.  The right side of his pages has a toolbar for quickly sorting through links.  I will say, I did get lost trying to find one of his press releases because they weren’t labeled incredibly well.  I ended up giving up and just using my internet history to find the page I was looking for.  Overall though, his site is very easily navigable and relatable to the type of voters likely to frequent his page – older, traditionalist Republicans.

Well, without further hesitation, let’s get into the Clinton tax plan! Continue reading

Donald Trump Economic Policy – Part 2

Published August 24, 2016 in Election 2016 , Government - 0 Comments

This is Part Two of the Donald Trump presidential platform.  If you’ve missed out on part one, which was about his tax policies, check it out here.  Part two will take a broader look at the Donald Trump economic policy.  Here I’ll look at what he’s proposing as far as trade and regulation, and then tie in the revenue changes and what I think might be some issues facing him – political or otherwise.

As a brief overview, Trump has some interesting ideas for healthcare and immigration (the wall withstanding).  My own personal belief, his healthcare solution may actually be quite viable.  His trade relations are rather protectionist, which is antagonistic to economic theory and American history.  Furthermore, per his protectionist beliefs, it seems converse to his constant claims to want to engage in more free market practices.

So, let’s take a look at the Donald Trump economic policy. Continue reading

Donald Trump’s Economic and Tax Policy – Part 1

Published August 23, 2016 in Election 2016 , Government - 2 Comments

With August coming to a close, and the battle for the U.S. Presidency about to come full steam, I thought it fitting to review each candidate’s economic policy.  This is a personal finance blog after all, and what is more key to personal finances than taxes and jobs?  This is the format that the review will take: first, I will describe the policy and then I will explain the impact and what I believe are going to be the positives and negatives of the policy.  That said, I’m going to try to find the negatives of each policy – for both candidates.  Politicians have become quite adept at putting lipstick on a pig.  Furthermore, we are all about to become inundated with why a candidate’s plan is awesome; by understanding the negatives of a policy, you should at least have an idea of what questions to be asking about each candidate.  I will attempt to stay as objective as possible by using economic theory as a backdrop for my critiques.  Due to the enormous amount of material that will be covered I have decided to play the article out in two different posts – one the pertains to just tax policy, and the other that encompasses economic and trade policy.  I think the separation of the two should allow for an easier read, while also still giving proper due diligence to each topic.

As the political underdog and rambunctious cowboy candidate, I decided that Donald Trump should be the first candidate reviewed.  He’s provided soundbite after soundbite for the nightly news to replay; however, not usually for his economic proposals.  The facts that I have collected have come from three places: his website, politifact.com, and the Tax Policy Center report on Trump’s tax plan.  While those create the crux of where my notes come from, I have also done some side research to validate claims that I felt were skeptical.

So without further ado, let’s welcome to the stage, Mr. Donald Trump’s tax policy! Continue reading

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