The Rest Is Money 179. The Ugly Side of Trump’s Big Beautiful Bill
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Jun 8, 2025 Dive into the controversial implications of Trump's tax and spending plans, exploring how they resonate globally. Discover the peculiar tensions between Trump and Elon Musk, revealing deeper economic concerns. Enjoy a lighthearted look at the 'Big Beautiful Bill' while addressing serious issues like cyber attacks in the publishing world. The podcast also warns of potential capital shifts as global investors reevaluate their strategies amidst U.S. uncertainties, highlighting critical reforms needed in public services for economic growth.
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Book Printing Factory Tour
- Steph McGovern visited a UK book printing factory to see the production process firsthand.
- She learned about the spray-painting of book page edges, a skilled and somewhat new job popular in the romance genre.
US Debt Fears Grow
- Trump's Big Beautiful Bill plans to add $2.4 trillion debt over 10 years, worrying investors.
- Higher US borrowing causes rising interest rates, falling dollar, and foreign investors shifting money away from US assets.
The 'Revenge Tax' Risk
- Section 899 of Big Beautiful Bill imposes a 'revenge tax' on foreign investors from countries taxing US businesses.
- This risks significant shocks to American asset values if foreign investors fear unpredictable penalties by the president.
