This Election Has Been Defined by Presidential Policy Pandering

“In June, former President Trump traveled to Las Vegas where he unexpectedly revealed a new tax idea: no taxes on tips. Why was Trump suddenly so keen on eliminating taxes on tipped earnings? Because he was trying to win the electorally important state of Nevada, which is home to a large number of Las Vegas-area service workers who rely heavily on tips for income.
This wasn’t a policy that fit into some broader framework or comprehensive theory of how taxes should work. It was an idea, floated in the middle of a rambling speech, targeting a specific, electorally important group, and offering them a benefit through the tax code.

Trump didn’t even try to pretend otherwise. At the June rally, he announced the plan, saying, “for those hotel workers and people that get tips you’re going to be very happy because when I get to office, we are going to not charge taxes on tips people (are) making.”

There’s a word for this: pandering. And it has defined many policy proposals from both the Trump and Harris campaigns this year.”

“Pandering is hardly new in politics or policy. Politicians have long sought to win constituencies and placate voters with narrowly targeted policies designed to address specific concerns. All politicians pander to some extent.

But in the past, pandering has at least sometimes been a voter outreach tool for politicians with bigger ambitions and clearer visions they intend to pursue. In 2024, there’s hardly anything else in play. The campaign agendas are barely more than marketing one-sheets: half-baked promises to sell to voters with the details to come later. The pandering is the point. ”

https://reason.com/2024/10/29/this-election-has-been-defined-by-presidential-policy-pandering/

Increase in Tariffs Would Trigger Global Economic Decline, Study Finds

“When asked why Harris has not distinguished herself by opposing these measures, Lincicome notes that supporting tariffs is just part of the “conventional wisdom in Washington today” even if polls may not completely support this assertion. “The view among the political experts is that elections are won or lost in a few places with a few votes,” and those critical “voters like tariffs.”
Given the IMF’s projections, bipartisan support for tariffs could lead to increased costs and slower economic growth for Americans regardless of who wins in November. ”

“former President Donald Trump floated a specific 60 percent tariff on Chinese goods alongside a 10 percent across-the-board tariff, which he recently increased to 20 percent. “It’s just what he thinks galvanized an audience,” Scott Lincicome, vice president of general economics and Stiefel Trade Policy Center at the Cato Institute, tells Reason. “Let’s face it, none of this has any rigorous econometric modeling behind it, so it could be as simple as he thinks 20 percent sounds better.”

“Taking the candidates at their word, you would have to say that Trump’s tariffs would be orders of magnitude worse than what Kamala Harris might do, or say she will do,” Lincicome adds.”

https://reason.com/2024/10/29/increase-in-tariffs-would-trigger-global-economic-decline-study-finds/

Final Thoughts on the 2024 Presidential Election: A Conversation with Mark Cuban (Episode #390)

Final Thoughts on the 2024 Presidential Election: A Conversation with Mark Cuban (Episode #390)

https://www.youtube.com/watch?v=SqSB7EmMENs

Why Trump’s lies about Haitians are different

“The idea that Haitians in Springfield are abducting people’s pets and eating them is not just a normal lie, the way that Trump has long accused migrants of selling drugs and committing street crimes. The idea of barbecuing a neighbor’s beloved pet is such a violation, so alien in nature, that it renders the alleged targets outside the scope of what we recognize as human behavior. It is an attack on Haitians not only as individuals, but as an entire group. It is a kind of dehumanization that has historically led to deadly violence against the targeted group — often by design.
Two New York Times columnists, Lydia Polgreen and Jamelle Bouie, have labeled the animal eating rhetoric a “blood libel” for this reason.

The term originates in medieval Europe, specifically to describe the lie that Jews were abducting Christian children and using their blood to bake matzah (an unleavened bread we eat during the Passover holiday). The calumny, which persisted through the Nazi era, was designed explicitly to cast Jews beyond the pale of acceptable society — to link Judaism as a religion and identity to barbarism and brutality. It was, as Bouie notes, frequently employed to whip up violence against the Jewish community.

You don’t need to be a historian to see the obvious connections between accusing Jews of eating children and Haitians of eating pets. And since the Haitian Revolution, Americans have often treated Haitians as the embodiment of the terrifying racial “other” in the same way that Europeans displaced their fears and resentments onto Jews. The crank presidential candidate Marianne Williamson helpfully made the subtext the text in a tweet, saying that Democrats dismiss Trump’s lies at their peril because “Haitian voodoo is in fact real.”

The same is true with another Vance lie about Springfield: that Haitians are responsible for a surge in communicable diseases, including HIV/AIDS. I say it’s a lie because there’s no public evidence supporting it, and authorities on the ground contradict it.

“A common myth that I’ve heard is that we’ve seen all of our communicable diseases skyrocket and go through the roof. And really, when you look at the data, that’s not supported,” Chris Coon, a county health commissioner, told the local ABC affiliate.

Once again, this lie has a deeply troubling history. Immigrants have long been falsely accused of bringing disease to keep them out; Nazis did the same to Jews.

Specifically, Nazi propaganda would regularly accuse Jews of spreading typhus, a lice-borne disease that killed millions in early 20th century Europe. Much like HIV, typhus was a stigmatized ailment stereotypically associated with the moral defectiveness or dirtiness of the afflicted. Nazi doctors wrote pseudo-scientific papers accusing Jews of spreading typhus due to our alleged “low cultural level” and “uncleanliness,” part of the justification for cramming Jews in Polish ghettos before shipping my ancestors and their co-religionists to death camps.

In the past, attention to these kinds of glaringly obvious Nazi parallels might have seemed like enough to shame the Trump campaign into at least toning down its rhetoric. But now, those normative guardrails no longer hold.

On the right today, there is a pervasive sense that any allegation of fascism, authoritarianism, or racism is a bad-faith smear designed to delegitimize conservative policies and politicians. It is a tactic used by American defenders of Viktor Orbán’s regime in Hungary, but one most often used to excuse bad behavior at home. It can be used even to whitewash the flirtations with open fascism that are common among young rightists nowadays, like the inclusion of a Nazi symbol in a video pushed out by Florida Governor Ron DeSantis’s primary campaign.

I’m sure it’s frustrating to be constantly accused of backing a fascist for president when you genuinely don’t see yourself in that light. But at the same time, it gives the green light to ignore an awful lot of extremely dangerous behavior.”

https://www.vox.com/politics/372364/trumps-haitians-springfield-ohio-nazi

Trump’s health care plan exposes the truth about his “populism”

“Vance’s sunny rhetoric here disguises his plan’s inegalitarian moral priorities.
It is true that the young and healthy have different medical needs than the old and sick. And before the Affordable Care Act’s regulations, the former could sometimes procure cheaper insurance tailored to their (currently) limited needs.

But this came at a social cost. Insurers were able to offer cheap health coverage to those who barely needed it by screening out those with preexisting conditions. In Vance’s terminology, they constructed low-risk pools: By only including people who were unlikely to require expensive treatments in their plans, they could profitably provide low-premium insurance to the young and well.

Meanwhile, sick and/or older Americans on the individual insurance market either went without coverage or were forced to pay dramatically higher premiums in order to cover the high cost of their care. Some state governments tried to defray this cost somewhat by subsidizing high-risk pools. But enrollees still paid much higher premiums than the typical market rate, and their coverage often excluded the treatments they needed most.

The Affordable Care Act effectively forced the healthy to subsidize the sick. It required insurers to include those with preexisting conditions in their plans and cover all medically necessary procedures. To guarantee that insurers could still turn a profit and that coverage remained (at least somewhat) affordable for all, the government provided consumers with insurance subsidies.

The upshot of all this was that coverage became a little more expensive for some healthy people, while growing much cheaper for the old and seriously ill.”

“Vance’s vision for health care policy helps clarify the character of the right’s burgeoning “populism.” On trade and immigration, Vance’s ideology may prize a nationalistic conception of the common good above free markets. But on most economic questions, its iconoclastic rhetoric belies its fealty to conservative orthodoxy — and thus, to “the ruling class” whom Vance loves to deride.

As Trump’s running mate, Vance is campaigning on tax cuts for corporations and the wealthy and deregulation for health insurers. The rest of Trump’s economic agenda is rather hazy. But if his first term is any guide, it would also involve curtailing workers’ collective bargaining rights, reducing workplace safety standards, and attempting to throw millions off of Medicaid. Vance has not seen fit to criticize any aspect of this record.”

“For Vance, deregulating insurance markets at the expense of the vulnerable is not neoliberal or anti-populist. But arguing that politicians should not spread incendiary lies about immigrants is.”

https://www.vox.com/politics/372635/trump-health-care-plan-vance-preexisting-conditions

Trump’s Deportation Plan Would Cost Nearly $1 Trillion

“Former President Donald Trump’s promise to carry out “the largest domestic deportation operation in American history” would not only be a moral calamity requiring an enormous expansion of government—it would also be hugely expensive and ruinous to the American economy.
The governmental infrastructure required to arrest, process, and remove 13 million undocumented immigrants would cost nearly $1 trillion over 10 years and would deal a “devastating” hit to economic growth, according to a report published last week by the American Immigration Council (AIC). The think tank estimates that a mass deportation plan would shrink America’s gross domestic product by at least 4.2 percent, due to the loss of workers in industries already struggling to find enough labor.”

“The costs of mass deportation would rebound into the economy in several ways. The economy would shrink and federal tax revenues would decline. The construction industry, where an estimated 14 percent of workers are undocumented migrants, would be particularly hard hit, but the effects would be felt throughout the economy.”

“Immigration restrictionists often assume that deporting millions of undocumented workers would allow more Americans to fill those jobs, but the economy is not a zero-sum game. A shrinking economy would be bad news for many workers who aren’t directly impacted by Trump’s deportation plan.”

https://reason.com/2024/10/07/trumps-deportation-plan-would-cost-nearly-1-trillion/

Trump’s Destructive Tariff Proposals Will Make Us All Poorer

“”Former President Donald Trump’s proposals to impose a universal tariff of 20 percent and an additional tariff on Chinese imports of at least 60 percent would spike the average tariff rate on all imports to highs not seen since the Great Depression,” warns Erica York of the Tax Foundation.
Trump has actually been a little vague on the size of his universal tariff, first floating it at 10 percent while allowing “it may be more than that,” and then upping the ante to 20 percent. Either way, it’s a cost that ends up being largely paid by Americans in terms of higher retail prices and more expensive imported parts and materials for domestic manufacturing.

The Trump administration’s 2018 “tariffs resulted in higher prices for a wide variety of goods that U.S. consumers and businesses purchase,” the Tax Foundation’s Alex Durante and Alex Muresianu concluded.

Even when tariffs don’t directly affect the cost of imported goods purchased by consumers, they still drive up the prices of many things made in the U.S. The Cato Institute’s Pierre Lemieux points out that “a tariff on an input (say, steel) is paid by the American importer who will typically pass it down the supply chain to his customers and eventually to the consumers of the final good (say, a car).” Instead of boosting domestic production, that can do harm, instead.

“For manufacturing employment, a small boost from the import protection effect of tariffs is more than offset by larger drags from the effects of rising input costs and retaliatory tariffs,” Federal Reserve Board economists found when they researched the 2018 tariffs.”

https://reason.com/2024/10/09/trumps-destructive-tariff-proposals-will-make-us-all-poorer/

Could Trump Impose More Tariffs Without Congressional Approval?

“Check the U.S. Constitution, and you’ll see that Article 1, Section 8 clearly gives Congress sole authority over “Taxes, Duties, Imposts, and Excises.” Unfortunately, Congress traded away much of that power during the 20th century, beginning in the aftermath of the Great Depression—which was considerably worsened by a series of tariffs passed by Congress—and continuing with various laws passed in the 1960s and 1970s, as the Cato report details.
In theory, handing over those powers made sense. Lawmakers were more likely to be influenced by parochial interests and would favor protectionism that benefited some local industry, even if it came at the expense of the nation’s economy as a whole. Presidents, it was assumed, would take a more expansive view of the benefits of trade and would use those powers to reduce barriers like tariffs.

For a long time, that was true. It no longer is. Both Trump and President Joe Biden have favored protectionism, and have faced scant opposition from Congress or the courts.

If Trump returns to the White House in 2025, he would assume huge power over the flow of goods into the United States “without substantial procedural or institutional safeguards” due to the “broad and ambiguous language” included in many of those trade laws passed decades ago, Packard and Lincicome write.

The tariffs that Trump imposed during his term in office took advantage of many of those same powers.”

https://reason.com/2024/10/10/could-trump-impose-more-tariffs-without-congressional-approval/

Trump’s Proposed Tariffs Would Add Nearly $250 to the Price of New Gaming Consoles

“The Republican presidential nominee’s threat to impose new tariffs on nearly all imports into the United States would make video game consoles 40 percent more expensive, according to an analysis published this month by the Consumer Technology Association (CTA), an industry group best known for its annual Las Vegas conference showcasing the latest tech for home and personal use.
The report assumes that Trump can carry out his threat to hit all imports from China with a 60 percent tariff, along with a baseline tariff of 10 percent or 20 percent on all other imports. (Trump has been unclear about which level he’d prefer, and recently suggested a “thousand percent tariff.”)

If that happens, the retail price of video game consoles will increase by nearly $250, according to the CTA. Retail price would also grow for laptops (up $357), tablets (up $201), smartphones (up $213), and televisions (up $48).”

“The theory behind Trump’s push for more tariffs is that making imports more expensive will spur more domestic manufacturing. Instead of importing Xboxes and PlayStations from China, those products would be made in the United States, his supporters claim.

But hold on. If Trump’s tariffs are sufficient to drive consumer technology manufacturing out of China, those jobs won’t all shift to the United States—they’ll go to other countries instead. If that happens, consumers in the U.S. will still bear the cost of the universal tariffs on their game consoles and smartphones.

CTA does project a 31 percent increase in domestic production of video game consoles—but that would not be enough to offset the other consequences. Ultimately, the group comcludes, the economy would shrink by an estimated $4.9 billion, due to the combination of higher costs and lower consumer spending power.

The vastly increased availability and affordability of tech like TVs and video game systems shows what free trade can achieve. Americans should be cautious about taking it for granted.”

https://reason.com/2024/10/14/trumps-proposed-tariffs-would-add-nearly-250-to-the-price-of-a-new-video-game-console/