Lower taxes? Trump passed the largest corporate tax break in history in his last term. They expire this year. A couple of trillion dollars benefit might be part of the reason there's a fiscal deficit. That said, the Democrats spending spree was not sustainable, but you will find that spend accounts for a significant enough % of GDP growth and when / if it is pulled out, then the market will suffer a growth scare.
Elon isn't a natural civil servant. His inclination is to benefit himself, so whilst government (all institutions from time to time) may need an efficiency and effectiveness check, why give it to a person with the most to personally gain, instead of to a civil servant who prioritizes the majority of tax paying people. Watch for the tax cuts to be extended at the expense of services and the benefit of privatization - I wonder who is best placed to benefit from this scenario.
Harris was definitely the not the right candidate.
BHP Price at posting:
$39.51 Sentiment: Buy Disclosure: Not Held
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