More Than 1,000 Business Leaders: ‘Donald Trump Bad For Business’

One day to election day and thousands of business leaders all over the globe clamor for a united stance against Donald Trump, saying he is “bad for business, bad for the economy, and bad for the people.”

Donald Trump and Hillary Clinton has always been in a very tight race for the presidential seat and with only hours before election day, more and more groups are becoming aggressive in their advocacy to encourage people to vote against Donald Trump.

In October, a dozen of the biggest business names released a letter to express their opposition to Donald Trump’s presidential bid, Jamaica Observer reports. Business leaders coming from different parties have all united in their desire to keep Donald Trump from winning the presidential bid, and have went as far as creating a dedicated website to encourage more people to join their cause.

The website, TrumpsIsBadForBusiness.org, publishes the letter created by a number of high-profile world business leaders and includes and enlists the thousands of American business founders, CEOs, and executives against Donald Trump’s candidacy.

A Donald Trump effigy being burned at Edenbridge bonfire night in England [Image by John Phillips/Getty Images]
A Donald Trump effigy being burned at Edenbridge bonfire night in England [Image by John Phillips/Getty Images]

Snippets from the letter shows how bad Donald Trump could be for the economy, citing statistics and numbers that would greatly put the country in peril:

We can’t support Donald Trump because we are convinced he would be bad for business, bad for the economy, and bad for the people who work for our companies, buy our products and services, and invest in our companies.

Over the last three decades, Trump’s businesses have been involved in an astonishing 3,500 lawsuits.

Donald Trump has proposed a 45 percent tariff on Chinese imports, which would immediately hit the pocketbooks of all American families. Further, the inevitable retaliation would devastate any U.S. company selling abroad, 97% of which are small businesses.

According to the independent Tax Foundation, most of Trump’s proposed cuts benefit the top 1% of Americans. And because Trump would simultaneously put entitlements in a “lock box” rather than commit to the difficult political work needed to modernize them, forecasting firm Oxford Economics claims Trump’s economic plans would, within five years, lead to a $1 trillion loss in GDP and a loss of 4 million jobs.

The original 12 signees of the “Donald Trump is Bad For Business” letter are: Jose Andres, chef and founder of ThinkFoodGroup; Bill Cummings, founder of Cummings Properties; Sara Sutton Fell, founder and CEO of FlexJobs; Mike Fernandez, founder and Chairman of MBF Healthcare Partners; Carlos Gutierrez, former U.S. Secretary of Commerce and former Chairman and CEO of the Kellogg Company; Joseph Kopser, co-founder of RideScout; Monica Lozano, former Chairman and CEO of U.S. Hispanic Media, Inc.; Jack McGregor, former CEO of Aquarion and founder of the NHL’s Pittsburgh Penguins; Mark Pincus, founder and CEO of Zynga; Reshma Saujani, CEO at Girls Who Code; Whitney Tilson, founder and managing partner of Kase Capital Management; and Jimmy Wales, founder of Wikipedia.

Now, more than 1,000 business leaders all over the world are joining the campaign and have included their own sentiments against Donald Trump. According to them, Donald Trump’s financial and economic sentiments will greatly harm small to medium-sized businesses, which will inevitably extend to regular households.

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Women rally against Donald Trump [Image by Drew Angerer/Getty Images]
Women rally against Donald Trump [Image by Drew Angerer/Getty Images]

In fact, even non-American leaders are claiming that not only Americans will suffer from a Donald Trump presidency. Focus Taiwanreports that Tsai Lien-sheng, secretary general of the Chinese National Federation of Industries, insists that Taiwan and its relations with the US, Japan, and China, will be directly and negatively impacted by a Donald Trump presidency.

If he is elected, U.S.-China ties could deteriorate…As mainland China is Taiwan’s largest manufacturing base and the U.S. is the largest market for Taiwanese products, a downturn in U.S. -China relations could hurt Taiwan.

With hours before election day, Telegraph reports that via Real Clear Politics polls, Hillary Clinton is still leading, although Donald Trump has been steadily closing the gap after the latest updates regarding Clinton’s private server scandal.

[Featured Image by Chip Somodevilla/Getty Images]