Using the entire 6.75T federal budget of 2024, if you remove social security payment (1.46T, 22%), medicaid (912B, 13.5%), net debt interest payment (822B, 13%), medicare (874B,13%) and defense (874B, 13%), you are left with 1.75T. I don't see how you can cut 2T without massively cutting the all of the above programs and expenditures. Cutting 2T is not the best case scenerio, it is simply impossible in the practical sense. Musk is blowing smoke.
Not to mention over 60% of the federal budget is mandatory spending, so unless Congress passes new law, it isn't happening. About half of discretionary spending goes to the military so only about a trillion is what we hear all the noise about. Musk and Ramaswamy both are hugely conflicted and listening to them is like hearing a couple of high schoolers talk about how they would fix everything.
No he could go further reducing taxes only goes that far he can increase taxes going to projects his companies can apply for. But the more I live the more I notice that the worst thing is how inefficient most bureaucracy is if he makes himself richer but makes bureaucracy more efficient it be worth it in the long run. "If"
Yes, pretty much. And a bailout when they go belly up! To sum up, they don't provide jobs, other companies provide better products., and we still provide them grants, huh!
Does the stock market appear to be improving, or is this merely the typical temporary manipulation of the market to draw in new investors? Right now, I have $500k left over from the sale of my house, and I'm wondering whether there are any better investments than stocks.
I agree! A well-thought-out plan is vital. My portfolio has just experienced a 100% increase from the beginning of the previous year and is well-suited for each market season. Although it might take until Q1 2025, my CFP and I are aiming towards a seven-figure ballpark goal.
I have worked with a few financial advisors before now but i ultimately settled for “Eva Diane Herald”. She is SEC regulated and licensed in US. You can easily look her up
I've had the pleasure of working with Eva Diane Herald for nearly a decade, and her exceptional performance has consistently exceeded my expectations. She's a renowned expert in her field, and I'd encourage you to research her impressive credentials.
His H1B stance already proved he is going to use this for self enrichment at the cost of the American worker. He isn't going to cut wasteful EV tax credits lining his pockets.
My bet is, a large % of people have zero right to be casting stones. "Yeah but he was banging a porn star!!!!" yes......and that fling you had with the receptionist or the Gardner doesn't count right? People bore me.
@jacob They will remove the incentives on electric cars. Tesla is the only company making a profit. Yes the cuts will hurt Tesla, but it will hurt the competition even more because they are not yet profitable. Elon playing chess not checkers.
The government should not be allowed to have deficit spending. Even if we gave have a surplus now, we still have massive interest payments. Basically, the USA has runaway credit card debt.. Insanity
@scruples671 I am saying all legal tender in the US was created/printed by the government. If all the printed money was paid (back) to the government then there wouldn't be any left.
You obviously don’t know how our support for Ukraine works …. We send old and end of shelf life stuff to them and spend money in the USA to buy that material back to give to our military ! Get your facts straight !
@@goochigoochs3836 did you understand what I said ? The money that we spend in Ukraine actually modernizes our army … too difficult the concept for you ?
Before DOGE cuts anything, I want every congressmen and senator to reduce their office’s budget by 1 million. That’s $535 million. It might not be a trillion but it’s a good start.
@theboringchannel2027 .005% of $1 Trillion being $535 million in spending. Yeah, that Debt is unplayable especially when you need to take on, More Debt, to pay it off. 😂😂😂😂😂😂 There's not enough money in supply, to even pay down $50 Billion. 😂😂😂😂😂
I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week i started with 3k in last week 2024.... now i just hit $12,590
Mr’s Ashley Airaghi trading is the best way of making money in the market. I lost a lot due to lack of experience which resulted in loosing funds. But Mr’s Ashley Airaghi restored my hope she’s a nice person.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Ashley Airaghi on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
Wow Ashley has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
Because deficit is the gap between tax revenues and government spending in any given year and the debt is cumulative deficits to date. Debt ceiling needs to be raised if we are going to run any deficit at all. But that doesn’t mean you can reduce the deficit
If you are talking about Creepy Joe and the democRATS, you would be correct. However, if you are referring to President Trump and us Conservatives, you are both incorrect, and the cause of this country’s problems.
Our debt is a cancer which is eating us alive. This year we paid more in interest on our debt than on defense and next year will be worse. There is no greater threat to our freedom.
so why does orange want to SPEND MORE on the military if he wants to keep us out of foreign wars. Shouldn't we be cutting military spending in that case?
@@Freedom4all31 concur, but we can't just cut our way out of this - that is why Elon revised his DOGE numbers. We are on the wrong side of the laffer curve and we need to raise taxes - ideally with a progressive system.
@@chriswilber7334 Nope- raising taxes kills industry and manufacturing which is the is the hart of the American economy. We have to learn to live within our means which means cutting government spending which is destroying this country.
@@Freedom4all31 the effective tax rate in the 1990s (the last time we had a budget surplus) was higher than it is today. We are on the wrong side of the laffer curve. Cutting is a piece, but we are too late to do it without increasing revenue (and we can't grow out of it without dangerous inflation). Look at the budget and tell me what you would cut to get expenditures under revenue. I am telling you that you cannot do it without 1.) defaulting on our debt 2.) cutting Medicare/Medicaid or Social Security 3.) a combination of those AND defense cuts that would hollow the remainder of our military.
He hit the cap for social security tax 15 minutes into 2025. He will pay nothing into social security for the remainder of the year, no matter how much money he makes. Fair share? Remember that when they come for your check or replace you with an H1B visa worker.
The inflation and the Taxes are crippling the private sector economy. Both are caused by drunk Govt. spending. Canada is collapsing for the same reasons. Which is why Trudo resigned.
Disappointing how billionaire are fine but the entire American poor class and middle class are simply suffering. Simply because of billions insane greed!
@@humanresources3545 Well if the poor owned these things they wouldn't be poor so I don't see your point? It takes money to make money and that will not change.
It depends on what the tech is. If you'd invested in Apple Computer back in the early 80s when rates were really high, you'd have done okay. Not all tech is the same, and you've got to have a discerning eye.
"Tax cuts are phenomenal and we are going to get a corporate tax cut".....uh ok...good for corporations...What about me? Sounds like your telling us that giving corporations tax breaks is going to put money in my pocket? I truly doubt it unless I'm a shareholder or in the C-Suite corner office...These people always circle talking making us think giving corporations tax breaks somehow helps the everyday worker...BULL$H1T I SAY!!!!
If you don't own any shares of public companies right now, that's on you... You are most likely financially illiterate and I'm not saying that to poke fun at you or be rude. That is thanks to the department of education!
Won't that get rid of sales tax? Which we the people pay because businesses don't pay taxes they collect it. I'm in California and we need less taxes not more.
Trumps first rounds of tax cuts got me my largest raise ever and shares that made me another $15k per year ever since. My company specifically mentioned the tax cuts being the reason for both.
@@Part-Time-Larry Welp news flash...That's taxable income soooo....Do I get a tax break on that to match the corporate one? My 800+ credit score and illiterate financial education can't fathom how I don't get a tax break for investing in the company? Uncle sam still gonna want his cut unless I don't touch a dime until I'm 65 or keep letting the IRS take money from and give it to them. I gotta tell them every year what stocks I own and how much they are worth. Not like I can hide money in a shell corporation like they do.
@@comicrandomness3289 Sales tax is a scam. When I ran my own IT consulting business I would collect it and never report it. Just said all my customers were state or federal customers who are tax exempt. Accountant never asked for anything else. Prolly illegal as hell but hey I'm still here with no penalties.
It's called lying. They lied. Trump won't bring grocery prices down. He has admitted that. DOGE won't cut spending. We are going to pay for rich tax cuts.
@@pwilliam255 It's the old play book, say whatever it takes to being the office, we will figure it when we get thereMAGA will approve anything Orange Orangutan says they have no agency.
The "Conservative" party doesn't exist anymore. It's MAGA and they don't care anything about being Conservative. All that's on their mind is what the Cult Leader tells them to think and feel. Like owning those Libs 😂😂🤡🤡🤡🐑🐑
Well we deficit spend .What the hell are they supposed to do. Have the fed buy the debt?? The inflation will really go to town. Tax cuts will only increase deficit spending.
No no, the market tanked yesterday because they fear Trump and his stupid chest flex. Fed went from bullish on cuts to hawkish, because of Trump. He threatens tariffs, the world over markets go down. Trump is the WORST for retail investors. By the way, the last 4 years... stock market high after stock market high..
Don't all rich people own businesses? Won't they pass it on to the people through sales tax or something? As a Californian we need less taxes. Government is stupid and we need less of it. We need doge.
How about doing things different than we have in the last 80 years that got us in this trouble in the first place. Instead of funding things in the Treasury through the sale of bonds, do it the way we did before when we weren't in debt, and that is through tariffs. The country had little debt and so did individuals. Go back to the old school way, listen to what Trump is trying to tell you! Would you rather be rich or hate Trump? Stop being stupid.
The French started building the Panama cannel in 1881 some say 1880 others say 1882 Lets just say 1880 because that's when they bought the first shovel and it did not arrive in the Columbian peninsula until spring of 18821 and stopped working on it in 1889 after 22 thousand people died The United states backed Panama in 1903 that gave Panama its independence. Leaving the United States and Teddy Roosevelt room to move. So if anybody should take over the Panama cannel it would be Columbia ?
While the DOGE cuts all the spending so trump can lower taxes on the super rich corporate entities , they should have to live on what they pay their lowest paid worker to show us how serious they are and as an example of how to do it
Why? Because big government is doing so well in efficiently offering those services? I think getting rid of big government and thereby saving 2 trillion dollars from waste and lazy government post means more money for the economy and directly to us.
Well that immigrant liked big government, when he got sponsored for his electric cars and getting contract for Space X by NASA and Military's. Now when he have to pay back taxes, he wants lean government. Are we such morons to look away from that!?
Okay, so I've saved up $67k in an emergency fund (finally!) and now I'm ready to start investing. But with predictions like this from Musk about Dogecoin, I need a headstart. Anyone else jumping in or should I just watch from the sidelines for a bit longer? 🤔
Yo, I get the hype, but I'd hold off on jumping straight into Dogecoin. I did that once and regretted it. A good financial advisor really helped me organize my investments. They’re a game-changer, trust me. Don’t sleep on that.
Totally feel you. I’ve been in the same boat, thinking I need a financial advisor, but I don’t know where to start. Any advice on finding someone reliable?
There are a handful of CFAs. I’ve experimented with a few over the past years, but I’ve stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
And Elon always meets or exceeds his predictions. I am just kidding. This guy is a disaster. National debt will be up $10T by the end of Trump/Elon's term.
Tax cuts are 'phenomenal' for those that are getting them. It's why wealth among the top 1% of earners has skyrocketed. But virtually every penny that goes to people in 'entitlement' programs (which is a misnomer) goes back into the economy to keep it chugging along. Unelected Elon and Vivek are billionaires. Forbes estimated Ramaswamy's net worth at more than $960 million; his wealth comes from biotech and financial businesses. Musk's net worth surged after the 2024 United States presidential election, and in December 2024, he became the first person to have a net worth of more than $400 billion. As a primary customer, the federal government of the United States has signed contracts worth $20 billion with SpaceX as of November 2024.
When utilities are hot, you're looking at an almost 100% chance of a general bear market as far as stocks are concerned. At least that's what the historical data suggests.
Thanks for the forecast!❤ I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (purchase pet beef artwork wedding page tray shrimp addict modify spoon notice). How should I go about transferring them to Binance?
It wouldn’t make a difference. I know a guy who has a business and easily a millionaire but his accountant has him on paper so low he qualifies for gov assistance with healthcare, full eye and dental too. You would not believe how many people do this. Its a shame.
@@Chabon209 tax breaks for less than $400k? No, tax breaks for $150k and less and don't give those making more a break. The average household income is less than $200k, so why let the well off have even more relief, while the average American struggles trying to make up for those in higher tax brackets?!
Not sure if he really knew what he was doing with Doge and the Ether. Feels like we're seeing a repeat of history. My great-grandpa was right-Ford and Chevy need to step up their R&D before these foreign companies leave us in the dust. Let’s not end up with another Pinto situation.
Many people could only afford a Pinto. My Great grandfather was wounded in the leg fighting under president Lincoln's command Union meant a lot for him But union has become a great detriment to America I'm on Elon's side Unions need to be disbanded in my view
So what's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble
This is the thought of a person who is handling their portfolio themselves. I will advice you to consider a financial advisory to help you make smarter portfolio decisions. My IRA and cash accounts are far more than what I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my FA
Sure you can! Gabriel Alberto William is the financial advisor I work with. Just make a research with the name. You’d find necessary details to work with
@@thebarnetts7195 So he's being paid to take an extended holiday and complain non-stop about the place he's visiting? Normally folks have to reach retirement age before they can do that. 😂
I dont think any of these people understand the financial system. They are treating the money creating government as if they are a local or state government department that cant issue currency. The reasons for tax are pretty much 1. To make the currency important (you cant pay tax in BTC) 2. To slow down the inflationary effect of creating more money. The US government pretty much "just' has to balance the inflationary creation of money - taxes with overall growth (allowing 2% extra money creation vs growth). The rest is all smoke and mirrors. The way i see it the bond market exists to temporarily take money out of circulation to reduce inflation, but the interest payments sometimes cancel this effect out.
Stop giving money to other country’s and maybe our billionaires wouldn’t mind helping out Unitedstates. I wouldn’t help if I was a trillion air because our country doesn’t know how to properly spend that money on there own people first 🤷🏻♂️ Stop blaming millionaires and ect because our government has a spending problem with our so called enemies smh
Let the professionals do it! GO AWAY JO AND TAKE YOUR VP AND YOUR ADMINISTRATION AND PARTY AND MEDIA AND GET OUT AND STAY OUT! YOU'RE NOT WELCOMED HERE ANY LONGER, AND Y'ALL NEVER WERE WELCOMED TO TELL THE TRUTH!
Someday you'll realize the billionaires don't like you they never did, Elon has already shown he isn't anti immigration he wants more exploitative h1b visa. He want to get rid of the NLRB meaning you can't unionize and ask for fair wages. He's gonna screw you over.
@@garyweightman5936 Unlikely so long as unelected billionaires have direct influence over government spending. They're the biggest winners from H1B visas, after all.
@@MeeesterBond17 I am certainly looking sideways on Elon and Vivek but pray that Trump goes back to his 2016 positions on HB1 Visas when it. Effected American employees of Disney
Credit based economy creates illusion of stability and success. The culture encourages debt. If you borrowed the money to buy it, you don’t own it until it is paid off. This is why I do not have a credit card
*Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 20k and made up to 53k as weekly profit I appreciate the help of your channel*
I'm thinking about beginning my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any friendly tips or suggestions for people I could reach out to for guidance?
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Shirley Christian 😊🎉
Using the entire 6.75T federal budget of 2024, if you remove social security payment (1.46T, 22%), medicaid (912B, 13.5%), net debt interest payment (822B, 13%), medicare (874B,13%) and defense (874B, 13%), you are left with 1.75T. I don't see how you can cut 2T without massively cutting the all of the above programs and expenditures. Cutting 2T is not the best case scenerio, it is simply impossible in the practical sense. Musk is blowing smoke.
Almost the same thing they said about flushing more than 80% of Twitter's work force 😁 You know what they say "Don't bet against Elon."
This is the same guy who promised Model 3 would cost 35k.
It's 43k. And iirc debuted at 45k.
Everything Elon says is nonsense
Not to mention over 60% of the federal budget is mandatory spending, so unless Congress passes new law, it isn't happening. About half of discretionary spending goes to the military so only about a trillion is what we hear all the noise about. Musk and Ramaswamy both are hugely conflicted and listening to them is like hearing a couple of high schoolers talk about how they would fix everything.
The only thing doge will do is Eliminate taxes and regulations for Elon.
The spending is getting ridiculous and it’s not being used properly. Time for a change.I don’t think Elon is some antichrist. You guys have no brains.
No he could go further reducing taxes only goes that far he can increase taxes going to projects his companies can apply for. But the more I live the more I notice that the worst thing is how inefficient most bureaucracy is if he makes himself richer but makes bureaucracy more efficient it be worth it in the long run. "If"
He will also get rid of regulations that would benefit the orange 🤡
Yes, pretty much. And a bailout when they go belly up! To sum up, they don't provide jobs, other companies provide better products., and we still provide them grants, huh!
Does the stock market appear to be improving, or is this merely the typical temporary manipulation of the market to draw in new investors? Right now, I have $500k left over from the sale of my house, and I'm wondering whether there are any better investments than stocks.
Get a financial planner asap!!. Do not day trade...you will lose..95% unless you are a master trader its not worth it.
I agree! A well-thought-out plan is vital. My portfolio has just experienced a 100% increase from the beginning of the previous year and is well-suited for each market season. Although it might take until Q1 2025, my CFP and I are aiming towards a seven-figure ballpark goal.
Could you kindly elaborate on the advisor's background and qualifications?
I have worked with a few financial advisors before now but i ultimately settled for “Eva Diane Herald”. She is SEC regulated and licensed in US. You can easily look her up
I've had the pleasure of working with Eva Diane Herald for nearly a decade, and her exceptional performance has consistently exceeded my expectations. She's a renowned expert in her field, and I'd encourage you to research her impressive credentials.
His H1B stance already proved he is going to use this for self enrichment at the cost of the American worker.
He isn't going to cut wasteful EV tax credits lining his pockets.
Read the comments and remember Trump's not even an office yet😂
My bet is, a large % of people have zero right to be casting stones. "Yeah but he was banging a porn star!!!!" yes......and that fling you had with the receptionist or the Gardner doesn't count right? People bore me.
Will he cut electric car incentives ? Currently costing 15-20 billion dollars.
Yes .elon said, gov. Shouldn't give any incentives. Month ago .We'll see . Scam
Of course not, this is how he is making Billions
@jacob They will remove the incentives on electric cars. Tesla is the only company making a profit. Yes the cuts will hurt Tesla, but it will hurt the competition even more because they are not yet profitable. Elon playing chess not checkers.
Debt is a cash cow and the more debt there is the more that bankers get rich.
The government should not be allowed to have deficit spending. Even if we gave have a surplus now, we still have massive interest payments. Basically, the USA has runaway credit card debt.. Insanity
If the US had no debt under the current system then there would be no USD to spend.
Because the politicians are stupid and don’t know how to make money except at the printer.
Last president to have a balanced budget was Clinton. He did so with a bipartisan committee and it was approved and went through Congress.
@@markysgeeklab8783 Then your saying Capitalism doesn't work and we don't have Capitalist system?
@scruples671 I am saying all legal tender in the US was created/printed by the government. If all the printed money was paid (back) to the government then there wouldn't be any left.
On FOX you should spend more time on the real story - that America will not rule out using military force against the US's allies...
Cut aid to the top 5.
Cut welfare to corporations, like musky and Walmart etc.
Do it for 10 years.
Debt paid.
Seriously F Eeeelon.
Don't worry we have plenty of money to send to Ukraine
You obviously don’t know how our support for Ukraine works …. We send old and end of shelf life stuff to them and spend money in the USA to buy that material back to give to our military ! Get your facts straight !
Yes. Biden thinks Ukraine is our 51st State.
@@claudionessi6991 Okay, that explains why we can't even invest in our own land, just like we invest in Ukraine. That's genius! 🤣😂
@@goochigoochs3836 did you understand what I said ? The money that we spend in Ukraine actually modernizes our army … too difficult the concept for you ?
Tax the churches. There's the money president Leon is looking for.
Trump needs to do something about Elon musk he doesn't need his money he's the president of the United States
Department of Grifting Extremism more like. 🍿
Before DOGE cuts anything, I want every congressmen and senator to reduce their office’s budget by 1 million. That’s $535 million. It might not be a trillion but it’s a good start.
that is 1/2 of 1% of a trillion.
clearly you didn't pay attention in school.
@ Obviously I wasn’t the only one. Sentences begin with capital letters.
@theboringchannel2027 .005% of $1 Trillion being $535 million in spending. Yeah, that Debt is unplayable especially when you need to take on, More Debt, to pay it off.
😂😂😂😂😂😂
There's not enough money in supply, to even pay down $50 Billion.
😂😂😂😂😂
That is not a drop in the bucket. Your understanding of concepts like math is right on par with that of Musk's voters.
😂🤣😂🤣😂🤣😂
I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week i started with 3k in last week 2024.... now i just hit $12,590
How please can you explain because I've been making a lot of looses trying to make profit trading.
Mr’s Ashley Airaghi trading is the best way of making money in the market. I lost a lot due to lack of experience which resulted in loosing funds. But Mr’s Ashley Airaghi restored my hope she’s a nice person.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Ashley Airaghi on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
So you guys also familiar with her? Wow ! She is amazing and the reason my spouse and I possess our own home and car
Wow Ashley has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
SpaceX should be the first cut.... otherwise people might think Elon is nothing but a cynical opportunist!
DOGE Department Of Grifting Efficiently.....
@SteeLHorseNomad22 Somehow Blue Origin is going to be too inefficient to bid for any contracts!
A complete lunatic, a spoof James Bond movie villain.
We could start by not giving billions and billions of dollars away to other countries.
Part of that also helps keep Americans out of the fight. So would you rather spend money, or American lives.
Hear hear!
We did that under trump too.
We shouldn’t give billions and billions of dollars to billionaires
@@bgreener maybe the usa gov should stop laundering money through ukraine instead. Then no lives would be lost.
This guy is a Doge-bag.
So why would you want to raise the debt ceiling if you’re trying to drive spending reduction?
Look up the difference between deficit and deficit reduction.
One trillion in cuts is still running a deficit. Thats how out of control the governemnt is.
Because deficit is the gap between tax revenues and government spending in any given year and the debt is cumulative deficits to date. Debt ceiling needs to be raised if we are going to run any deficit at all. But that doesn’t mean you can reduce the deficit
Again he will screw up like he did with COVID. Cause he doesn't care about anything and anyone going through this.
If you are talking about Creepy Joe and the democRATS, you would be correct. However, if you are referring to President Trump and us Conservatives, you are both incorrect, and the cause of this country’s problems.
WHO BIDEN 🤔🤔🤔🤔
Yup, he lied his way all the way to the presidency, and now trump is saying I can't promise anything. When he lied the whole time..
@@TEXASTORNADO7777 no your messiah. loosen up the red hat, let some blood into your tiny brain.
@ WHERE & HOW DUDE HE IS NOT IN OFFICE YET FOOL !!!!
Our debt is a cancer which is eating us alive. This year we paid more in interest on our debt than on defense and next year will be worse. There is no greater threat to our freedom.
so why does orange want to SPEND MORE on the military if he wants to keep us out of foreign wars. Shouldn't we be cutting military spending in that case?
@@Freedom4all31 concur, but we can't just cut our way out of this - that is why Elon revised his DOGE numbers. We are on the wrong side of the laffer curve and we need to raise taxes - ideally with a progressive system.
@@chriswilber7334 Nope- raising taxes kills industry and manufacturing which is the is the hart of the American economy. We have to learn to live within our means which means cutting government spending which is destroying this country.
Truth is: debt is just another way for the people benefiting from the debt to steal more from the rest of us.
@@Freedom4all31 the effective tax rate in the 1990s (the last time we had a budget surplus) was higher than it is today. We are on the wrong side of the laffer curve.
Cutting is a piece, but we are too late to do it without increasing revenue (and we can't grow out of it without dangerous inflation). Look at the budget and tell me what you would cut to get expenditures under revenue. I am telling you that you cannot do it without 1.) defaulting on our debt 2.) cutting Medicare/Medicaid or Social Security 3.) a combination of those AND defense cuts that would hollow the remainder of our military.
He hit the cap for social security tax 15 minutes into 2025. He will pay nothing into social security for the remainder of the year, no matter how much money he makes. Fair share? Remember that when they come for your check or replace you with an H1B visa worker.
If there is a maximum benefit there should be a maximum contribution.
A few weeks ago he said it would be easy to cut $2T. What happened?
That darn rascal called reality
They lied to get a criminal elected.
Because he didn't bother googling federal expenses.
@@dgoins6😂😂
@@dgoins6either did the people who voted for them
The inflation and the Taxes are crippling the private sector economy. Both are caused by drunk Govt. spending. Canada is collapsing for the same reasons. Which is why Trudo resigned.
Giving billionaires massive tax cuts is the biggest waster of taxpayers money.
🤪🤪🤪🤪🤪
Disappointing how billionaire are fine but the entire American poor class and middle class are simply suffering. Simply because of billions insane greed!
There's no middle class anymore. Sadly.
The billionaires own the food companies, the oil companies and investment groups in housing, and health insurance.
Oh it’s more than disappointing. It’s horrific.
@@humanresources3545 Well if the poor owned these things they wouldn't be poor so I don't see your point? It takes money to make money and that will not change.
It’ll be much better with Trump in office! He never cozy’s up to the rich and so far every policy idea betters the average American!
It depends on what the tech is. If you'd invested in Apple Computer back in the early 80s when rates were really high, you'd have done okay.
Not all tech is the same, and you've got to have a discerning eye.
If you would let Katherine talk without saying "yeah" "mhmm" every couple words she says, this would have been a much clearer Fox clip. Honestly.
"Tax cuts are phenomenal and we are going to get a corporate tax cut".....uh ok...good for corporations...What about me? Sounds like your telling us that giving corporations tax breaks is going to put money in my pocket? I truly doubt it unless I'm a shareholder or in the C-Suite corner office...These people always circle talking making us think giving corporations tax breaks somehow helps the everyday worker...BULL$H1T I SAY!!!!
If you don't own any shares of public companies right now, that's on you... You are most likely financially illiterate and I'm not saying that to poke fun at you or be rude. That is thanks to the department of education!
Won't that get rid of sales tax? Which we the people pay because businesses don't pay taxes they collect it. I'm in California and we need less taxes not more.
Trumps first rounds of tax cuts got me my largest raise ever and shares that made me another $15k per year ever since. My company specifically mentioned the tax cuts being the reason for both.
@@Part-Time-Larry Welp news flash...That's taxable income soooo....Do I get a tax break on that to match the corporate one? My 800+ credit score and illiterate financial education can't fathom how I don't get a tax break for investing in the company? Uncle sam still gonna want his cut unless I don't touch a dime until I'm 65 or keep letting the IRS take money from and give it to them. I gotta tell them every year what stocks I own and how much they are worth. Not like I can hide money in a shell corporation like they do.
@@comicrandomness3289 Sales tax is a scam. When I ran my own IT consulting business I would collect it and never report it. Just said all my customers were state or federal customers who are tax exempt. Accountant never asked for anything else. Prolly illegal as hell but hey I'm still here with no penalties.
I thought Doge was going to cut 2 trillion in spending? Are they already backing off from that goal?
Yes
I doubt it was ever the goal. Just like Trump knew he couldn’t lower grocery prices but said he could anyway. And it worked.
It's called lying. They lied. Trump won't bring grocery prices down. He has admitted that. DOGE won't cut spending. We are going to pay for rich tax cuts.
Keep in mind, maga have zero ability to process the lies Trump tells.. but as long as Trump attacks trans and immigrants, they’ll be happy..
@@pwilliam255 It's the old play book, say whatever it takes to being the office, we will figure it when we get thereMAGA will approve anything Orange Orangutan says they have no agency.
When will the fiscally conservative leadership show up. I hate seeing jumps in deficit spending, under the republican and democrat leadership.
Lmao, the deficit was rock bottom under Trump until they developed the pandemic to sabotage his presidency.
The "Conservative" party doesn't exist anymore. It's MAGA and they don't care anything about being Conservative.
All that's on their mind is what the Cult Leader tells them to think and feel. Like owning those Libs 😂😂🤡🤡🤡🐑🐑
MUSK TO RULE THEM ALL
Slurp
NO TAX ON OVERTIME ✅THANK YOU PRESIDENT TRUMP ❤💯❤💯❤💯❤
You Trump supporters are so gullible. You got taken by crumbs 😂
As Texas axed overtime. Look it up.
But he took away overtime.
There won't be no overtime Guber
Overtime only for H-1B visa holders.
Good ol modern day propaganda!
Yup the blonde thing is still true. SMH.
Bonds and treasury are freaking debts we have to pay back. Stop selling debt!!!!!!!!
Well we deficit spend .What the hell are they supposed to do. Have the fed buy the debt?? The inflation will really go to town. Tax cuts will only increase deficit spending.
No no, the market tanked yesterday because they fear Trump and his stupid chest flex. Fed went from bullish on cuts to hawkish, because of Trump. He threatens tariffs, the world over markets go down. Trump is the WORST for retail investors. By the way, the last 4 years... stock market high after stock market high..
they want to crash the dollar
to force us into socialism
Agenda 2O3O
Print it then. Buy bitcoin.
might want to ake a class in ecomics before you make stupid suggestions like this.
The only question I have for these experts is, are you a billionaire?
predictions are like Trumps concepts of a plan
ROFL these comments. You lot are clueless. Mad at Elon, rofl.
Make the rich pay more taxes and stop with writing off their expensive cars and yachts.
So you want to tax the rich to feed the poor, till the rich you have no more?
lol I’m sure the billionaire administration is gonna love that idea
Don't all rich people own businesses? Won't they pass it on to the people through sales tax or something? As a Californian we need less taxes. Government is stupid and we need less of it. We need doge.
The top 5% pay the bulk of all taxes collected. How about you pay your fair share.
And write offs are legal. It is available for everyone to do not just the rich.
How about doing things different than we have in the last 80 years that got us in this trouble in the first place. Instead of funding things in the Treasury through the sale of bonds, do it the way we did before when we weren't in debt, and that is through tariffs. The country had little debt and so did individuals. Go back to the old school way, listen to what Trump is trying to tell you! Would you rather be rich or hate Trump? Stop being stupid.
The French started building the Panama cannel in 1881 some say 1880 others say 1882 Lets just say 1880 because that's when they bought the first shovel and it did not arrive in the Columbian peninsula until spring of 18821 and stopped working on it in 1889 after 22 thousand people died The United states backed Panama in 1903 that gave Panama its independence. Leaving the United States and Teddy Roosevelt room to move. So if anybody should take over the Panama cannel it would be Columbia ?
Why not Roosevelt?
If they can only cut 15.9%, sorry, not good enough job Elon!
No mention from Elon Musk at all ! Click bait?
Click baiting again.
While the DOGE cuts all the spending so trump can lower taxes on the super rich corporate entities , they should have to live on what they pay their lowest paid worker to show us how serious they are and as an example of how to do it
Click bait
The hook was about Elon Musk. But it was about two women talking about the economy. Informative but disappointing that Musk didn't speak 😮
Putting a billionaire who doesn't need any services from the government is a catastrophe.
Why? Because big government is doing so well in efficiently offering those services? I think getting rid of big government and thereby saving 2 trillion dollars from waste and lazy government post means more money for the economy and directly to us.
No, it’s brilliant! Hard to buy off the man who has mo’ money than the crooks. Cut away, Mr. Musk, you have plenty to do.
Well that immigrant liked big government, when he got sponsored for his electric cars and getting contract for Space X by NASA and Military's. Now when he have to pay back taxes, he wants lean government. Are we such morons to look away from that!?
In your dreams
@@plusstaff01 then dream your own dreams and get out of mine. That's the whole point 🤣
Give me a break... notice how she used her last few seconds of a very rushed segment to psych bombi like banks. ..
A few weeks ago, he confidently said it would be easy to cut $2T. 🤔💸 So, what happened? 🧐
Are you serious or that dumb? Biden, is POTUS, as he has been for 4 years.
Maybe because he's not even in office yet?
You still in grade school? Maybe you should be sent back a year or two.
Okay, so I've saved up $67k in an emergency fund (finally!) and now I'm ready to start investing. But with predictions like this from Musk about Dogecoin, I need a headstart. Anyone else jumping in or should I just watch from the sidelines for a bit longer? 🤔
Yo, I get the hype, but I'd hold off on jumping straight into Dogecoin. I did that once and regretted it. A good financial advisor really helped me organize my investments. They’re a game-changer, trust me. Don’t sleep on that.
Totally feel you. I’ve been in the same boat, thinking I need a financial advisor, but I don’t know where to start. Any advice on finding someone reliable?
There are a handful of CFAs. I’ve experimented with a few over the past years, but I’ve stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Looked her up, and wow, Linda Aretha Reeves seems like exactly what I need to succeed in my financial journey. Definitely checking her out more!
And Elon always meets or exceeds his predictions. I am just kidding. This guy is a disaster. National debt will be up $10T by the end of Trump/Elon's term.
Agree.
Tax cuts are 'phenomenal' for those that are getting them. It's why wealth among the top 1% of earners has skyrocketed. But virtually every penny that goes to people in 'entitlement' programs (which is a misnomer) goes back into the economy to keep it chugging along. Unelected Elon and Vivek are billionaires. Forbes estimated Ramaswamy's net worth at more than $960 million; his wealth comes from biotech and financial businesses. Musk's net worth surged after the 2024 United States presidential election, and in December 2024, he became the first person to have a net worth of more than $400 billion. As a primary customer, the federal government of the United States has signed contracts worth $20 billion with SpaceX as of November 2024.
When utilities are hot, you're looking at an almost 100% chance of a general bear market as far as stocks are concerned. At least that's what the historical data suggests.
DOGE crypto strong support is still at 0.05 and 0.03 based on Binance liquidity
Thanks for the forecast!❤ I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (purchase pet beef artwork wedding page tray shrimp addict modify spoon notice). How should I go about transferring them to Binance?
Decrease debt by decreasing taxes for incomes less than $400k pa and increase taxes over that. Instead of raiding funding for the less well off.
It wouldn’t make a difference. I know a guy who has a business and easily a millionaire but his accountant has him on paper so low he qualifies for gov assistance with healthcare, full eye and dental too. You would not believe how many people do this. Its a shame.
But if we only give tax breaks to people making OVER 400k it will trickle down to us poor people. It’s a much smarter way to do it.
@@Chabon209 Yes. We are a urinal.
@@Chabon209and when would that start. We've been waiting for that trickle since the 80's.
@@Chabon209 tax breaks for less than $400k? No, tax breaks for $150k and less and don't give those making more a break. The average household income is less than $200k, so why let the well off have even more relief, while the average American struggles trying to make up for those in higher tax brackets?!
The only option- get Canada ! lol
Doge is not real
Birds aren't real
Been saying 10 year over 5 for some time.
DOGE
We could reduce debt by cutting funding to Elon's companies. Oh wait of course they won't do that now.
Well if we asked Elon about those contracts that is not waste. Every penny not given to him is the waste that needs to go away.
Let's how worried about the debt Fox is when Trump comes in.
Not sure if he really knew what he was doing with Doge and the Ether. Feels like we're seeing a repeat of history. My great-grandpa was right-Ford and Chevy need to step up their R&D before these foreign companies leave us in the dust. Let’s not end up with another Pinto situation.
Many people could only afford a Pinto. My Great grandfather was wounded in the leg fighting under president Lincoln's command
Union meant a lot for him
But union has become a great detriment to America
I'm on Elon's side
Unions need to be disbanded in my view
Answer is sooooo…… simple. Abolish the irs and the federal reserve, go to a flat tax system and have our money pegged to gold. All this goes away.
Funny how inflation is no longer a talking point to the Republicans.. nor is food prices or fuel prices
Oh I wont let my friends who voted for Trump forget. Traded in your country for a Red Hat and cheaper eggs.
Promises made and Not kept= Elon Musk
He learned from Trump. Mexico will pay for it!
Please replace Elon with someone who has integrity and keeps his word with zero conflicts of interests. An American not an African. Thank you.
Too late. Trump has been a useful asset for him. Trump is poor compared to Elon.
He's not even in office yet.
You still in grade school? Maybe you should be sent back a year or two.
Lol WAKE UP!! CONFLICTS OF INTEREST. DO YOU UNDERSTAND?
How about no tax cuts for billionaires and corporations
So what's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble
This is the thought of a person who is handling their portfolio themselves. I will advice you to consider a financial advisory to help you make smarter portfolio decisions. My IRA and cash accounts are far more than what I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my FA
Mind if I look up your adviser please?
Sure you can! Gabriel Alberto William is the financial advisor I work with. Just make a research with the name. You’d find necessary details to work with
Thanks for the recommendation. I quickly make a researched online with his full name and i easily spotted his website, very impressive
Gold.
Unfortunately, hyperinflation is the price we must pay for being gods chosen TAXPAYERS 🇮🇱
Where's JD these days? Sure miss him.
He's in England saying it doesn't look English anymore. lol RAF!
I'd say he has a valid point.
He is gone
@@thebarnetts7195 So he's being paid to take an extended holiday and complain non-stop about the place he's visiting? Normally folks have to reach retirement age before they can do that. 😂
Musk 🤡 has already failed.
Ha, President Musk has failed.
Oh boy, how many French fries do you burn at Mcdonalds?
Elon musk in Vivek ramaswamy 2 excellent choices to fix our bloated government
Government is not the problem. It is those deep states theories that govern this country make America declining.
You can't have it both ways high rates and great equity returns she contradicted herself
I dont think any of these people understand the financial system. They are treating the money creating government as if they are a local or state government department that cant issue currency.
The reasons for tax are pretty much 1. To make the currency important (you cant pay tax in BTC)
2. To slow down the inflationary effect of creating more money.
The US government pretty much "just' has to balance the inflationary creation of money - taxes with overall growth (allowing 2% extra money creation vs growth).
The rest is all smoke and mirrors. The way i see it the bond market exists to temporarily take money out of circulation to reduce inflation, but the interest payments sometimes cancel this effect out.
Stop giving money to other country’s and maybe our billionaires wouldn’t mind helping out Unitedstates. I wouldn’t help if I was a trillion air because our country doesn’t know how to properly spend that money on there own people first 🤷🏻♂️ Stop blaming millionaires and ect because our government has a spending problem with our so called enemies smh
We don't have to give money away to other countries, we bring their undesirables here and give them a social security check.
Its a good idea bcs the debt crisis is serious but we'll see what happens
Let the professionals do it! GO AWAY JO AND TAKE YOUR VP AND YOUR ADMINISTRATION AND PARTY AND MEDIA AND GET OUT AND STAY OUT! YOU'RE NOT WELCOMED HERE ANY LONGER, AND Y'ALL NEVER WERE WELCOMED TO TELL THE TRUTH!
How did you sleep last night
Someday you'll realize the billionaires don't like you they never did, Elon has already shown he isn't anti immigration he wants more exploitative h1b visa. He want to get rid of the NLRB meaning you can't unionize and ask for fair wages. He's gonna screw you over.
America First means American business First and has nothing to do with American workers First
ure not americans ure us citizens ure not even nationals ure us citizens, dumass
Certainly looking a little that way with Tech Business where HSB1 Visas are prevalent. I hope that this is FIXED
@@garyweightman5936 Unlikely so long as unelected billionaires have direct influence over government spending. They're the biggest winners from H1B visas, after all.
@@MeeesterBond17 I am certainly looking sideways on Elon and Vivek but pray that Trump goes back to his 2016 positions on HB1 Visas when it. Effected American employees of Disney
Historically after every tax cut the amount of money flowing into the Treasury has increased.
Propaganda
The money is not borrowed its printed out of thin air. There is no interest on printed money.
You just showed how little you know. Go hide your head in shame.
why don't we just print $100trillion?
Truth, but where does the interest go? The federal reserve is a corrupt group of private international banksters.
take an econ 101 course please
The FED prints it out of thin air and LOANS it to the USA *at interest* , through congress. The FED is privately owned.
Let that sink in.
Thank you, Mr. Biden! 🤡
30%
Any cut is better than NO cut and more debt! Those who complain, are you hiring your own debt or just getting more into debt. I think the lader
President Musk will make America better then Trump can again
haha...staged presentation
Credit based economy creates illusion of stability and success. The culture encourages debt. If you borrowed the money to buy it, you don’t own it until it is paid off. This is why I do not have a credit card
*Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 20k and made up to 53k as weekly profit I appreciate the help of your channel*
Waking up every 20th of each month to 105,000 dollars it’s a blessing to I and my family… Big gratitude to Wesley Shirley Christian 🙌
I'm thinking about beginning my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any friendly tips or suggestions for people I could reach out to for guidance?
She’s a licensed broker ( Wesley Shirley Christian)very big in the states 🇺🇸🇺🇸.Though I met her in California , I did my
research.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Shirley Christian 😊🎉
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still
believe in God
30% ?…
Wait. Elon lied? No way.
He's not even in office yet.
You still in grade school? Maybe you should be sent back a year or two.
This woman has no depth, or she is good at concealing it.
If Trump fulfills his promise on no tax on tips just wait and see how many CEOs stop getting bonuses and start getting tips. 🤨
😂😂😂😂 billionaires deciding our futures. We are idiots.
No only if your a Democrat and want swampy stuff to go on In our government and your guy lost and messed things up so bad.go look in the mirror
Two Barbies talking about their favorite topic and hobby spending money 💴
So Musk isn't going to use the campaign funds to buy ice cream? 😮😲😯
Nah..just giving it to SpaceX and Telsa instead.
The World is not enough
I guess you just end up short, then. Lol
In 2023 Tesla had pretax profits of $10 billion and a negative $5 billion tax bill.
And? Sounds like he is using the loopholes that coulda been taken out eh? You would do the same.