Trump announces 20% tariff on all Mexican imports to pay for wall

[Santander]

This will hurt the Mexican people very badly and it's good for nothing. I don't support this and I hope it doesn't actually happen.

[Santander]

So, In Trumps defense(Oh god), Spicer was referring to a border adjustment tax that congressional republicans have already gotten behind. It's not actually a 20% import tax.

What's the difference. Serious question

I can't confirm whether there is or is not an import tax, but the former is quite a disastrous policy that will prevent the deductability of costs not incurred in the US. Many low-margin businesses will go under fast as written since they charge very low prices - If Wal-Mart buys something from China for $1.5 and sells it for $2, the tax is now on the full $2 sale (less wages, etc.). It's simply unsustainable. If it starts getting manufactured for $2.50 in the US, they can deduct the full $2.50, but need to charge a much higher price...you get the picture.

I was under the impression that the tariff was in addition to this, but that might be too outrageous.

Not to mention it does away with the interest tax shield. The Ryan tax plan is really quite terrifying.

[Santander]

Let's dispel with the fiction that the alt-right is an actual movement. It is basically a loose collection of Internet trolls.

Richard Spencer is the leader of a small white nationalist (not white supremacist or neo-Nazi) faction within the alt-right that has aligned itself with Kevin McDonald, Peter Brimelow, Jared Taylor, etc. Many of these people have legitimate concerns about the cultural integrity of Western civilization, but most of them, Spencer included, are horribly misguided when it comes to the causes and solutions for the West's decline. Spencer's humiliation at the hands of Roland Martin is evidence of this. They don't identify with either party, and they only generally vote for Republicans because they perceive them to be somewhat less anti-white than the Democrats.