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Poosarla Sai Karthik
Tech guy with a busi... • 3d
Trump has brought back a bold claim, he wants to eliminate America’s $36 trillion debt entirely. Central to this is a global tariff plan. He proposes a 10 percent tax on all imports, with higher rates for countries like China. The idea is to boost local manufacturing and raise massive revenue. But tariffs usually raise prices for American consumers and invite retaliation. What sounds like foreign revenue often becomes a domestic cost. He also wants to expand the 2017 tax cuts by making tips, overtime, and Social Security income tax free. While popular, this reduces government income without a clear way to make up the loss. Cutting taxes while trying to erase debt without deep spending cuts or rapid growth is unlikely to work. Another piece is creating a US sovereign wealth fund. He suggests selling public lands, mineral rights, or gold reserves to fund it. This could generate one time cash but it’s not a sustainable solution. You can only sell national assets once and doing so brings legal and environmental pushback. On the borrowing front, Trump’s team prefers issuing short term debt, hoping to refinance it later at lower interest rates. This is risky. If rates stay high or go higher, refinancing costs rise and so does pressure on the debt. Lastly, he wants to send tariff revenue back to citizens through rebates. While politically appealing, it defeats the point. You cannot use money to cut debt and give it away at the same time. From a distance, the plan sounds patriotic and aggressive. But zoom out and the numbers do not add up. Independent analysts say this could add another 1.6 to 7.8 trillion in debt over a decade. Even in the best case, it slows debt growth, it does not eliminate it.
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