Trump's tax reform is a hybrid of 'supply-side reform' and 'populism', which stimulated capital repatriation and employment in the short term, but buried hidden dangers of debt and social division in the long term. For ordinary people, it is necessary to seize opportunities in policy dividends and hedge against risks. As Nobel laureate Paul Krugman said: 'This is not tax reform, but a gamble on the American economy.'

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