..Trump 2.0 administration probably has the most stacked Wall St stalwart advisory than any other previous US administration in history, which explains why Wall St is so bullish as never before that their chieftains could have so much influence and access.
..Is like the US Govt being run by Wall St?? Treasury Sec Scott Bessen is a hedge fund manager, Commerce Sec Lutnick is head of Cantor Fitzgerald.
..If Wall St runs the Govt, you'd expect they would propose policies that will benefit Wall St. More so than Main St.
..Because money people will make the Trump family so rich beyond imagination. Elon saw that opportunity and made that big 'all or nothing' bet on Trump.
..Wall St is confident that the Trump 2.0 will be in good hands but he has lined Wall St captains in his advisory team. And that is why US market is outperforming all other markets. US will do everything to help markets and restore long term economic prosperity but will be at the pain and expense of global trade, allies and ordinary folks.
..Trump 2.0 will cut corporate taxes, deregulate and try to lower interest rates and the dollar, while raising tariffs on imported goods, cut foreign defence support and slashing public sector workforce, undertake mass deportation of illegal immigrants and rein back deficit spending.
Main St/Ordinary folks loses from:
> Mass public sector layoffs
> More layoffs from private sector impacted by trade wars
> More layoffs from reining back of deficit spending
> Higher consumer prices from tariffs and food inflation from lower farm production following mass deportation
> Lower dollar purchasing power
> Lower welfare and health (Medicare) benefits
There are now some anecdotal evidence of Trump buyer remorse as simpletons now wake up that Trump is serious about tariffs. People want to believe that he is using it as a bargaining chip and as a form of threat to negotiate. It could be that but it could be that he is imposing tariff using an excuse not just a bargaining chip. For instance, he spoke to Mexican President about doing something to reinforce border security after he proposed to slap a 25% tariff on Mexico and she (Mexican President) yielded though it is likely that he will still proceed with his 25% tariff and she could only do her best without guarantee to secure the borders. And he also levied 10% additional tariffs on China citing lack of control over importation of fentanyl into America- he is using fentanyl as excuse to levy the tariffs on China not that China could do more to stop the illegal drugs getting into the country.
If we are take a page off the leaf of the Trump playbook, why don't we impose a Criminal Tax on criminal offenders and make their parents pay part of (if the offender is not in financial capacity to do so or have them work without pay for the length needed to raise the criminal tax)- wouldn't that eliminate crime? E.g if anyone (including youths) commits a crime, they would have to pay a minimum sum of $100k (for petty crimes) to a maximum of $1 mil (for severe cases like murder, terrorism) of Criminal Tax. There is hardly any crime in Iran as I was told because you could have your hands chopped off for stealing. Yes, a vile violation of human rights. But what is it we want? If we get too liberal for human rights, people take advantage of it.
