Joe LaVornier

under President Trump's first term.

Also, Steve, because you're increasing the supply-side capacity of the economy, not only is your nominal wage rate going to rise, but you're going to lower the cost of living because the economy can produce more with the same resources it had before.

So you get a supply-side

CapEx disinflationary boom.

That's the key part.

That's how you're going to improve affordability.

Workers are going to get paid more nominally because of higher productivity, and then inflation is going to come down, so the real wage is going to increase.

And then the icing on the cake is,

workers after tax wages are going to surge next year because of the one big beautiful bill, which has substantial tax cuts for middle and lower income households.

Upwards of $200 billion in tax refunds is going to hit working class Americans' accounts next year.

That's going to make things more affordable.

It's great.

It's just absolutely great news.

And I give President Trump, with obviously Secretary Besant's help, tremendous credit for getting that bill done on July 4th, because you have to write these guidelines so that the policies can be in place so that everyday working Americans can benefit from it.

So this past fall, the IRS wrote the guidelines for who is responsible for getting these no tax on tips.

And it's really 21st century stuff.

So it's not just hardworking waiters and waitresses.

and bartenders and people who get tips, but it refers to podcasters, social influencers, these newfangled jobs that have been created.

They are not going to be paying tax on their tips effectively.

Additionally, overtime, you talk about a re-industrial manufacturing boom.