People think Trump is nuts for claiming he can eliminate income taxes
It can absolutely happen
A (much smaller) US government will be funded by a mixture of tariffs and bitcoin mining
Advancements in technology will allow the US to make most things in-house. This will be a trend worldwide as we move into a decentralized economy
AI will also take most existing jobs - and AIs likely won't be paying income tax...
With that in mind, income taxes will likely fade away either way
This plan also will not work with the current fiat USD - they will need to print a shit ton of money to make interest payments on debt
People will also need UBI - since they don't have jobs anymore. Which will require even more money printing
I believe Trump is going to take down the Fed - he's been talking about it since Day 1 in politics
He will cut off the Fed and the treasury will issue a new USD backed by bitcoin
Bitcoin will run up like crazy. People, companies and countries will all be scrambling to get some bitty
The US will need the price to be very high to meet these obligations and make the bitcoin backed USD the new shiny object
Sounds crazy
But it just might happen
It definitely could happen
Does the Fed even have an army?
Jor
npub103…fd3h5
2024-10-27 03:38:29
Author Public Key
npub103m96sra82w4agghew9cdxtzs4s8sl7qsjsvw6h653yml0gjrkzqefd3h5Published at
2024-10-27 03:38:29Event JSON
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"content": "People think Trump is nuts for claiming he can eliminate income taxes\n\nIt can absolutely happen\n\nA (much smaller) US government will be funded by a mixture of tariffs and bitcoin mining\n\nAdvancements in technology will allow the US to make most things in-house. This will be a trend worldwide as we move into a decentralized economy\n\nAI will also take most existing jobs - and AIs likely won't be paying income tax...\n\nWith that in mind, income taxes will likely fade away either way \n\nThis plan also will not work with the current fiat USD - they will need to print a shit ton of money to make interest payments on debt\n\nPeople will also need UBI - since they don't have jobs anymore. Which will require even more money printing\n\nI believe Trump is going to take down the Fed - he's been talking about it since Day 1 in politics\n\nHe will cut off the Fed and the treasury will issue a new USD backed by bitcoin \n\nBitcoin will run up like crazy. People, companies and countries will all be scrambling to get some bitty\n\nThe US will need the price to be very high to meet these obligations and make the bitcoin backed USD the new shiny object\n\nSounds crazy\n\nBut it just might happen\n\nIt definitely could happen\n\nDoes the Fed even have an army?\n",
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