The Clinton and Trump Economic Plans: Growing the State or the Private Sector

The Clinton and Trump Economic Plans: Growing the State or the Private Sector
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With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject has a good chance of winning it all.

Donald Trump’s and Hillary Clinton’s economic plans offer a clear choice. Trump seeks to revive American greatness with policies aimed at kick-starting economic growth. Clinton seeks fairness and more benefits for the middle and working classes.

Their proposals fall on either side of one question: Is the state or the individual better at spending the people’s money?

Trump clearly thinks the people—as individuals or through the companies they run—should decide on consumption and investment, while Clinton wants to raise more money from the private sector so the government can spend and invest on behalf of the people.

Donald Trump

Republican presidential candidate Donald Trump makes his entrance during a rally in Jacksonville, Fla., on Aug. 3. (Mark Wallheiser/Getty Images)
Republican presidential candidate Donald Trump makes his entrance during a rally in Jacksonville, Fla., on Aug. 3. Mark Wallheiser/Getty Images
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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