Donald Trump: Cost Me 100s of Millions
on Saturday, February 11, 2017Donald Trump Money Quote saying in a November 1999 CNN interview that taxing top 1 percent of Americans 14% of their net worth would wipe out the national debt and he’d pay millions and thinks it worthwhile. Donald Trump said:
“Personally this plan would cost me hundreds of millions of dollars, but in all honesty, it’s worth it” — Donald Trump
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In this quote, Donald Trump suggests that while his proposed tax plan would result in significant personal financial costs for him of “hundreds of millions of dollars,” he views it as “worth it.” Some key considerations in interpreting his perspective:
- He portrays the plan as so beneficial for the country that he is willing to incur major personal expenses, aiming to show self-sacrifice.
- However, without more specifics about the plan or its potential impacts, it’s difficult to independently assess costs and benefits.
- As a billionaire, hundreds of millions would still leave him extraordinarily wealthy while impacting national debt or inequality.
- His tone could also be seen as highlighting his wealth or lack of shared sacrifice compared to most taxpayers.
Overall, while Trump aims to convey his commitment, a balanced interpretation would acknowledge both his viewpoint as well as the complexities around objectively evaluating any tax or economic plan’s true costs, benefits, and distributional effects across populations. Reasonable experts may disagree on optimal policies.