A Tough Few Months Ahead? Cryptocurrency and Stocks
There is a lot of shaking up going on in the United States right now. While not everything is going into effect since an executive order has limitations and checks, it is still shaking things up. As with any major shift, this disruption will most certainly have a negative impact at initially. In addition, in the last months of Biden's administration, inflation has already begun to rise.
source
What you need to understand about inflation and Fed rates is that it takes 6-16 months for adjustments you make today to be reflected in the economy. Remember when the Fed significantly increased interest rates?Trump's Tax Cuts
One of the major changes is that the corporation tax rate has been reduced from 20% to 15%; in comparison, the tax rate was 36% in 2016. Explain why no one wanted to start a business anymore. Small businesses were screwed. Myself included lol.
source
Tariffs are intended to increase manufacturing in the United States while also generating cash from other imported items. This is modest enough to have a significant influence on revenue creation in the United States.Another adjustment would be to eliminate the social security tax. This is also one of the stupidest things ever. You legitimately contribute to the social security system during your working life in order to receive money when you're old as fuck and can't do anything anymore. Only, you guessed it, pay taxes on your social security benefits.
The United States does not want to lag behind China in the AI race, so we can expect government money to begin to pour into these firms in order to enhance production and advance AI here in the United States. As a result of the "AI race," the stock values of these firms are expected to explode in the next years.
Thank you for sharing on steem! I'm witness fuli, and I've given you a free upvote. If you'd like to support me, please consider voting at https://steemitwallet.com/~witnesses 🌟