Trump promises US citizens $5,000 if Republicans win the election

manager24.pl 3 days ago

Election campaigns are the time of electoral promises: president of the United States Donald Trump (80) Promises all adult American $5,000 (now €4,300) if his organization wins the Congressional election. “If Republicans win, you will win with us and receive $5,000,” he said at the National Republican Convention in Dallas, Texas. "It will be called Trump's Dividend," he promised.

According to Trump, the prize will be paid if Republicans keep the majority in both chambers of legislature in the election. This proposal, according to estimates, would cost over $1 trillion to more than 245 million adults in the country – about as much as the full defence budget of the superpowers. The applicable resolution in legislature so does not seem politically or financially realistic.

The thought of direct withdrawals for U.S. citizens is not new: last year Trump had already presented the thought of a direct withdrawal of $2,000, but then resigned. The money was expected to supply the Americans with a share of American customs gross – but for persons with advanced income.

Expensive promise in the mediate of an election campaign

On 3 November there will be elections for the United States Senate, covering about a 3rd of seats, as well as the full home of Representatives. The presidential organization usually loses their seats in these elections. Due to the minimum majority, especially in the home of Representatives, the failure of Republicans is likely there.

Trump justified his promise of $5,000, citing what he thought was a immense economical success for the US. He stated that the payment should be understood as an agreement with companies on profit sharing. The condition was to spend money in the United States.

However, unlike companies that usually share profits, the U.S. government bears losses: the budget deficit is advanced and the full debt has only late exceeded the $40 trillion threshold.
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