Breaking: Trump tears up Musk and tells him to go back to South Africa, big dog DOGE gets stomped hard! Is there more trouble ahead for the crypto world?
A month ago, we saw the same dramatic plot unfold again, and the reason is the upcoming 'Big and Beautiful' bill. This issue has dragged on for so long that I found mainstream reports have not clarified the root of the problem, always taking things out of context to mislead for views.
1. Trump has repeatedly publicly promoted the 'Big and Beautiful' bill because Musk could not get subsidies, infringing on his interests, which is why he strongly opposed it. Clearly, Trump is avoiding the main issue; this is just a minor factor.
2. The 'Big and Beautiful' bill mainly affects Musk in two ways:
(1) Trump deceived Musk, violating his campaign promises; his actions are purely self-serving under the guise of 'making America great again'; he deceives Musk into leading the DOGE department to cut government spending while blaming the Democrats, yet he himself crazily expands the debt. Only Musk can pinpoint the critical issues; this is essentially a crazy spending bill (see chart).
(2) The impact of the bill on Musk is not based on these hundreds of millions of dollars in subsidies, but rather the government’s change in attitude towards new energy vehicles, whether out of revenge or other purposes, has influenced Musk's entire industry planning and net worth, which is the fatal impact.
3. Brief analysis of the 'Big and Beautiful' bill:
(1) This bill consists of a total of 1,000 pages, and during the hearing, these officials read for 16 hours!
(2) It has four components:
Tax reform: extends the 2017 personal tax cuts, eliminates tax incentives for electric vehicles and other green initiatives; Clause 899, increases taxes on companies from countries with discriminatory tax systems, with initial rates of 5% and a maximum of 20% (this clause may be modified).
Tax reform will increase the deficit by about $3.8 trillion over the next decade.
Spending cuts: significant reductions in healthcare, education, food stamps, and green energy, reducing the deficit by about $1.95 trillion over ten years.
Increased spending: expansion in military, immigration control, and other areas, increasing spending by about $0.48 trillion over ten years.
Debt ceiling: raised by $4 trillion, to about $40.1 trillion.
(3) A deeper investigation reveals that the increase in debt during Trump's term far exceeds the debt reduction!
(4) If the situation does not continue to escalate and create new problems, the impact on the crypto world will not be significant.
Musk has really been harmed badly by Trump.
