Trump Exposes Rift Between Billionaires

Behind the hoopla and the nationalism of the Summer of Trump, a somewhat coherent set of economic policy ideas has begun to trickle out from the leading Republican presidential candidate. Donald Trump has been talking about a massive tax increase on foreign imports. He wants to punish U.S. corporations that “ship jobs overseas.” He also wants to levy a major tax hike on big-shot Wall Street investors by treating carried interest as regular income.