#数字资产 November 28, Trump made another statement: the US stock market will continue to hit new highs, and he also threw out a bold idea – to eliminate income tax by relying on tariff revenue.

As soon as this news broke, the market exploded. Trump's confidence in the US stock market likely stems from his belief that his set of combined measures (tariff adjustments, tax cuts, etc.) can support the market. But to be honest, the trend of the US stock market cannot be dictated by just one statement. How the Federal Reserve operates, how economic data moves, and whether corporate earnings are good or not – these are the real indicators.

What’s even more interesting is the proposal of "taxes replaced by tariffs." First, regarding tariffs – the stability of revenue itself is a question mark. If trade volume fluctuates or if trade partners retaliate, tariff revenue will be immediately affected. To use this kind of uncertain revenue to replace the mainstay of US finance, income tax? This doesn't add up.

Furthermore, the interests involved in income tax are too broad. How can the tax burden be balanced across different income levels? Will the wealth distribution pattern change drastically because of this? These issues cannot be resolved with a snap judgment; a detailed set of policy simulations is necessary.

It seems that Trump's statement is more like sending a political signal, indicating his governance direction. As for whether it can actually be implemented and how it will be implemented, we still need to see how the political circles in the US negotiate, and whether policies and reality can align. For the cryptocurrency market, such macro-level trends are worth continuous attention. $ETH H $BTC