The Pomp Podcast #1477 Anthony & Polina Pompliano | Should Trump Buy Bitcoin & Abolish Income Tax?!
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Jan 28, 2025 In a thought-provoking discussion, the duo contemplates the potential implications of Trump’s bold idea to abolish federal income tax. They dive into how Bitcoin could play a pivotal role in a new U.S. strategic reserve, especially as its value approaches $103,000. The talk also covers the fascinating dynamics between interest rates, inflation, and how AI innovations, like DeepSeek, are reshaping the U.S. market. The exploration of tariffs and their effect on economic fairness adds another compelling layer to this economic discourse.
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Focus on Evaluation Process
- Focus on who evaluates the assets for the reserve, not just announcements.
- MicroStrategy's Bitcoin purchase was preceded by a thorough study of different asset classes.
Bitcoin Strategic Reserve Concerns
- The Bitcoin Strategic Reserve is causing concern as some believe it might include other cryptocurrencies besides Bitcoin.
- Anthony Pompliano emphasizes Bitcoin's unique properties as pristine collateral, making it stand out from other crypto assets.
Trump's Tariff-Based Approach
- Trump's tariff proposal aims to enrich U.S. citizens by taxing foreign countries instead of U.S. citizens.
- This approach mirrors the historical tariff-based system used before the introduction of federal income tax.
