#特朗普税改

Random Writing Trump's latest "Universal Tax Cut 2.0" plan detonated like a bomb in the market, as he directly stated he wants to cut the corporate tax to 15% and halve the capital gains tax. Wall Street hasn't reacted yet, but Bitcoin has already surged 10%, and gold has simultaneously hit a historical high—this is not a tax reform plan, it is clearly a promotional advertisement for hard currency. But the devil is in the details; on page 27 of the draft, it is noted in very small print: cryptocurrency transactions will be subject to a brand new tax form, which makes the big players in the crypto world shiver collectively.

The most clever part is the timing; this plan was deliberately announced 72 hours before the Federal Reserve's interest rate meeting. Now the market is completely in disarray— the bond market is betting on tax cuts stimulating inflation, the stock market is betting on a surge in corporate profits, while the cryptocurrency market has automatically switched to a "fiat currency devaluation" trading mode. Goldman Sachs worked overnight to revise their models, calculating that if the plan passes, the U.S. fiscal deficit will directly soar beyond $20 trillion, which is equivalent to writing a love letter to Bitcoin.

(Mysteriously, 48 hours before the plan was announced, Bitcoin futures on the Chicago Mercantile Exchange suddenly saw $3 billion in buy orders, and these contracts' expiration dates just happen to fall a week before the election voting day...)