Merryn Talks Money Why Trump’s Victory Is Musk’s ‘Tech-Bro Coup’
Nov 8, 2024
Pippa Malmgren, an economist and former advisor to President George W. Bush, and Helen Thomas, founder of BlondeMoney, dive into the political landscape post-Trump's victory. They unpack potential impacts on the US-UK relationship and the importance of the special relationship amidst Brexit. The conversation highlights innovative economic strategies and the implications of tariffs, while also discussing Bitcoin's promising future as a financial tool under new regulations. Get ready for insights on tech supremacy and geopolitical shifts!
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Tech-Bro Coup
- Trump's victory is influenced by tech figures like Elon Musk.
- This "tech-bro coup" will focus on using technology to improve government efficiency and achieve innovation outcomes.
Musk's Influence
- The Trump administration, influenced by Musk, may prioritize innovation and efficiency.
- This could lead to a smaller state and strong economic growth.
Tax Policy Shift
- Trump aims to shift the US away from income tax towards tariffs and a value-added tax (VAT).
- This shift requires negotiation with states on the federal-state split of VAT revenue.