This is a syndicated repost published with the permission of Money Morning - We Make Investing Profitable. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Both have won over their respective voting bases with similar personas. These five characteristics – all essential traits at the core of their polling success – fairly describe both men:
But the similarities between Donald Trump and Bernie Sanders continue beyond a list of adjectives.
When it comes to some of the most fundamental issues at the heart of the 2016 presidential election, these two men oftentimes match up…
Donald Trump-Bernie Sanders Parallel No. 1: Immigration
Trump and Sanders both oppose the relaxation of immigration laws. They want strong border control.
Trump’s Aug. 16 immigration proposal states that “real immigration reform puts the needs of working people first – not wealthy globe-trotting donors.” Trump insinuates that liberals want open borders because they own the immigrant vote, and so it helps keep them in office.
Sanders also insinuates open borders is a policy that would only serve to help the party he opposes, the GOP. Here’s what he said to Vox Editor-in-Chief Ezra Klein on July 16:
Ezra Klein: You said being a democratic socialist means a more international view. I think if you take global poverty that seriously, it leads you to conclusions that in the U.S. are considered out of political bounds. Things like sharply raising the level of immigration we permit, even up to a level of open borders. About sharply increasing…
Bernie Sanders: Open borders? No, that’s a Koch brothers proposal.
Ezra Klein: Really?
Bernie Sanders: Of course. That’s a right-wing proposal, which says essentially there is no United States…
Trump and Sanders think open borders would negatively impact American families.
“[Open borders] would make everybody in America poorer -you’re doing away with the concept of a nation state, and I don’t think there’s any country in the world that believes in that,” Sanders said in the same interview. “If you believe in a nation state or in a country called the United States or UK or Denmark or any other country, you have an obligation in my view to do everything we can to help poor people.”
Trump’s immigration proposal reads in an eerily similar fashion.
“We are the only country in the world whose immigration system puts the needs of other nations ahead of our own… The costs for the United States have been extraordinary: U.S. taxpayers have been asked to pick up hundreds of billions in healthcare costs, housing costs, education costs, welfare costs, etc. Indeed, the annual cost of free tax credits alone paid to illegal immigrants quadrupled to $4.2 billion in 2011. The effects on jobseekers have also been disastrous, and black Americans have been particularly harmed.”
Donald Trump-Bernie Sanders Parallel No. 2: Trade
Just on Oct. 12, Trump said he and Sanders “get along” on trade deals.
“Well, Bernie Sanders feels strongly about trade because he knows, and one thing I will say about him, he knows we’re being ripped off on trade. And he’s the one politician that talks about that,” Trump told reporters outside of the No Labels’ “Problem Solver Convention” in Manchester, N.H. “Outside of Bernie Sanders, I don’t hear people talking about it. So if you talk about the one issue I would say we get along with, I am very, very strong about having great trading deals.”
Both candidates have denounced the Trans-Pacific Partnership trade agreement.
“Wall Street and other big corporations have won again,” Sen. Sanders said in an Oct. 5 statement. He vowed to “do all that I can to defeat this agreement” in Congress.
Donald Trump-Bernie Sanders Parallel No. 3: Wealth Gap
Trump has loudly criticized CEO pay. While appearing on CBS‘ “Face the Nation” on Sept. 9, Trump called CEO pay outrageous and said that it’s very hard to have CEOs removed from their powerful positions. He said CEO salaries should be lowered.
Sanders has made the same criticism.
“The average chief executive in America now makes nearly 300 times more than the average worker – and the gap between the people at the top and working families is growing wider and wider,” Sanders stated on Aug. 5. “I hope that shining a spotlight on the disparity will help working families.”
Donald Trump-Bernie Sanders Parallel No. 4: Jobs
According to the U.S. Bureau of Labor Statistics, the latest unemployment rate is 5.1% in September. But if you ask Sanders or Trump, the government’s professed number is a lie.
On Aug. 9, Bernie Sanders told a crowd of supporters in Portland, Ore., that “real employment” in America is over 10%.
And in his official presidential announcement speech on June 16, 2015, Donald Trump stated that “the real number, the real number is anywhere from 18 to 19 and maybe even 21%, and nobody talks about it, because it’s a statistic that’s full of nonsense.”
What’s more, both candidates have been very vocal about the need for job creation.
“I will be the greatest jobs president that God has ever created,” Trump stated in his presidential announcement speech on June 16.
And Sanders said in an interview with Vox on July 16, “I think we have to raise wages in this country, I think we have to do everything we can to create millions of jobs.”
Both candidates poll well when voters are asked which candidate would best handle the economy, according to CNN on Aug. 13. “Economists may be cringing, but a lot of voters like what they’re hearing from Trump and Sanders on jobs.”
Donald Trump-Bernie Sanders Parallel No. 5: Taxes
Both candidates want to increase the income tax rate for the rich and lower it for the poor.
STOCK MARKET UPDATE
Commodities down 50%…
Oil down 54%…
Stocks are next.
Protect your holdings now! This video shows you how.
According to Trump’s tax plan released Sept. 28, Trump wants a zero-tax rate in the lowest tax bracket. No federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. Trump said the change would eliminate taxes for an additional 31 million Americans.
Trump’s tax proposal would also take away deductions and “loopholes” enjoyed by hedge-funders and other wealthy elite. According to Trump, “There will be people in the very upper echelons that won’t be thrilled with this because we’re taking away their deductions.”
Meanwhile, Sanders has also stated he wants to raise the top tax bracket, but hasn’t yet elaborated a specific rate. We also know he wants to end foreign tax credit loopholes that big American corporations enjoy, as well as rules that let the companies defer paying federal income tax on profits of offshore subsidiaries.
Donald Trump-Bernie Sanders Parallel No. 6: Healthcare
Trump and Sanders want a single-payer system. According to Trump, the single-payer system works “incredibly well” in countries like Canada and Scotland.
They agree Obamacare did not go far enough to provide Americans with quality healthcare.
“Americans spend about twice as much per capita on healthcare as almost any other developed nation, but our outcomes are not as good as others that spend much less,” Sanders wrote in an official statement on Sept. 11, 2013. “We can do better. We must do better.”
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Look at These Striking Donald Trump-Bernie Sanders Parallels appeared first on Money Morning. Reposted with permission.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.