David M Rothschild on Posted on

Welcome to the PredictWise Daily 20180711:

1) President Trump is good at blowing good things up and terrible at building anything. Beautifully written Twitter thread by Claire Berlinski, which I will sum up as America built current world structures to provide US: dominance, security, economics. We get back many times what we pay in, but hide our true benefits and inflate our costs to make everyone feel better. President Trump sees the inflated costs, and is unable to grasp the hidden benefits, thus he is trying to blow up something that is incredibly useful to US: NATO, WTO, NAFA, TPP, Paris, Iran, etc

2) Democrats should commit to clawing back President Trump’s massive corporate tax cut. Congressman Vern Buchanan, who personally gets $2 million from the tax cut, bought a yacht the day the tax bill passed. When fully implemented 83% of the Trump Tax benefit will go to households that earn more than $1,000,000. More than half of households will have higher taxes! But, some rich dudes will have more yachts and we know that this what the public demands … more yachts (just kidding, people want to raise taxes on the rich)! All kidding aside: Democrats should rally behind crawling back Trump’s massive corporate tax cut to a reasonable 28% rate (still less than original 35%). They should commit to spend that money on infrastructure. Would be wildly popular and useful.

Democratic Healthcare Plan (let anyone buy Medicare, at  reasonable rate) is a sharp contrast with the Republican Healthcare Plan (make healthcare unaffordable for people with preexisting conditions and sabotage the market for everyone else). On Saturday, the Trump administration decided to eliminate mandated payments to insurance companies to further destabilize markets. Crazy thing about this: it may actually end up costing government more money and it adds volatility. It is your classic lose-lose.

Market Watch 20180709: Democrats 60 percent to take the House and Republicans 74 percent to hold the Senate outright and 18 percent to hold the Senate with 50/50 tie.