🚨 Urgent news: Big changes from President Donald J. Trump! He just made a sensational statement: The U.S. may completely abolish the income tax. Instead, the government may heavily rely on revenue collected from tariffs.
$TRUMP
He told U.S. servicemen that over the next few years, the income tax may be "substantially reduced, and possibly completely eliminated," as revenues from tariffs are expected to rise.
If this goes through, it will represent a significant overhaul of America's fiscal system — a radical shift from how the country has functioned economically for decades.
✅ At first glance, this seems like a win — lower personal income taxes, simpler rules. But many economists warn that this plan could have serious drawbacks. Tariffs have historically not generated enough revenue to match what income taxes bring in.
❗ This imbalance means that in order to compensate for the difference, tariffs may sharply increase — and this could raise prices, heavily impacting $BTC
