Over the past several months, Presidential candidate Donald J. Trump has put forth an ambitious proposal for rethinking America’s budgetary quagmire. His tax plan would dramatically reduce marginal tax rates for all Americans, a new analysis has found, while curtailing Federal expenditures by up to $20 trillion.
Factoring in reduced interest costs and considering the macroeconomic feedback loop, it could be predicted that the economy will grow 18.4% on average per year over the next 10 years, with optimal efficiency being reached after just three years.
It is the opinion of some of the most important econometricians in the field that the Trump Plan would spur job growth in all sectors. With a muscular approach to trade tariffs, domestic industries are guaranteed to develop rapidly, at a rate of 10 million new jobs in the first five quarters alone. This progress will be catalyzed by the eradication of private and public unions, liberating the workforce to career mobility.
These changes are predicted to have a sizable long-term cost-benefit for the deficit and could lead to a 50% reduction in the national debt in just under 20 years. The renewed focus on internal fears and border crises could encourage intangible benefits as well, such as a stronger sense of national pride, which in turn will inspire even greater microeconomic results.
By collapsing tax brackets and increasing personal deductions, the Trump Plan will reinvigorate the small investor, who will turn to both the stock and housing markets for speculative investments. If Congress approves key elements of the Trump vision, Federal, state and municipal monies could also be freed up for private entities.
As shown in previous market upswings, increased borrowing would be necessary to finance the exuberance of these ventures, which means that America’s financial institutions stand to benefit with record-breaking profits. Coupled with a reduction in charitable giving and lowered contributions to (or the outright elimination of) health plan requirements, a panel of economists briefed on the matter felt confident in stating that the Dow Jones Industrial Average will reach 36,000 within 12 months of Mr. Trump swearing the oath of office.
As the upper 1% reaps enormous windfalls from the booming economy, look for expansion in luxury goods, travel and high-end real estate. Expect to see the number of estates in family portfolios in this stratum triple or even quintuple by the year 2025. The private aircraft industry will also do particularly well. As the lifestyle of the highest bracket becomes even more expansive, private equity investors will develop a greater tolerance for risk as they seek to maintain the spiraling pace of personal expenditures.
Wall Street’s newfound liquidity will be directed at innovation in the tech sector, as venture capitalists seek to outperform a sizzling blue chip market. This will refocus the economy on ingenuity with real gains being found in automation, artificial intelligence and nanotech.
According to statistical models, GDP will likely increase tenfold by this period. Additionally, United States exports will increase to $25 trillion as demand from China, Latin America and Europe for sophisticated American-made products skyrockets.
If President Trump is able to enforce his enthusiasm for the free market and if speculative bets on next gen innovation pay off as predicted, the United States should enter a new epoch of technology by the time a third or fourth term for the executive is publicly discussed.
Within 18 years, automation could mean that the dependence on unskilled or semi-skilled labor is reduced in key industries, translating to greater efficiencies. Cost savings will also be found where specialized workers have commanded salaries that have unfairly inhibited corporate profits. It is likely that central political actors will also deëmphasize the expanding underclass as financial contributions from this sector are reduced.
Within 25 years, we might find an economy that relies on a far more intimate total employment number, while the vital entrepreneur category reaps spectacular gains in consumer purchasing power. These beneficiaries will enjoy a society operated by an extremely sophisticated robot community that services their every whim. The great caveat, however, is that most futurologists see a critically self-organized criticality in this model, one in which super-elites themselves becomes obsolete in the face of an increasingly self-aware AI infrastructure that finds wealth concentration, and the notion of wealth itself, an inefficient modus operandi, thus precipitating a technologically-implemented extinction-level event that, lacking any pushback from proletariat non-stakeholders, is likely to achieve total market saturation by the year 2047.