Mark Zuckerberg

Whenever you have a policy uncertainty this high, forward-looking returns in the stock market over the next three, six, and 12 months are substantially above average. So look, I'm viewing this as a buying opportunity. I'm trying to pick off my favorite high-conviction names and add to them where appropriate.

Whenever you have a policy uncertainty this high, forward-looking returns in the stock market over the next three, six, and 12 months are substantially above average. So look, I'm viewing this as a buying opportunity. I'm trying to pick off my favorite high-conviction names and add to them where appropriate.

So if we look at kind of worst case scenario for tariffs, as a country, we have about $25 trillion of total personal income annually. We import about $3.3 trillion of goods. If there was a universal 25% tariff on every single good we import, that would equate to roughly a 3% income tax on the American taxpayer. Not fun, but not the end of the world.

So if we look at kind of worst case scenario for tariffs, as a country, we have about $25 trillion of total personal income annually. We import about $3.3 trillion of goods. If there was a universal 25% tariff on every single good we import, that would equate to roughly a 3% income tax on the American taxpayer. Not fun, but not the end of the world.

But that's only if you're looking at tariffs in a vacuum. If then you start to pair it with the other pro-growth initiatives, lower taxes, less regulation, it actually seems pretty decent. And I also look at the fact that one of the latest things President Trump has talked about is – potentially no tax up to $150,000 of income. He's talked about no tax on Social Security.

But that's only if you're looking at tariffs in a vacuum. If then you start to pair it with the other pro-growth initiatives, lower taxes, less regulation, it actually seems pretty decent. And I also look at the fact that one of the latest things President Trump has talked about is – potentially no tax up to $150,000 of income. He's talked about no tax on Social Security.

He's talked about no tax on tips, no tax on overtime. The effective tax rate for someone making 150 grand a year is 15% right now, their federal income tax rate. If what President Trump wants to do happens, that goes down to zero, but then there's that extra 3% from tariffs. So look, at the end of the day, I think this is actually going to be good for the economy.

He's talked about no tax on tips, no tax on overtime. The effective tax rate for someone making 150 grand a year is 15% right now, their federal income tax rate. If what President Trump wants to do happens, that goes down to zero, but then there's that extra 3% from tariffs. So look, at the end of the day, I think this is actually going to be good for the economy.

good for the American taxpayers, good for consumers, and ultimately beneficial for the stock market.

good for the American taxpayers, good for consumers, and ultimately beneficial for the stock market.

I mean, as long as the uncertainty exists, that's what is causing the most heartache right now. But what I can tell you, Georgia, is that we're not talking about demand destruction. We're just talking about a timing event whereby demand gets pushed out of quarter or two.

I mean, as long as the uncertainty exists, that's what is causing the most heartache right now. But what I can tell you, Georgia, is that we're not talking about demand destruction. We're just talking about a timing event whereby demand gets pushed out of quarter or two.

So any of those growth initiatives that small businesses were thinking about putting in place this quarter, they still happen, but they just happen later. I would think that by Q3 of this year, you will start to see a big turnaround. I do think the economy can be on solid ground.

So any of those growth initiatives that small businesses were thinking about putting in place this quarter, they still happen, but they just happen later. I would think that by Q3 of this year, you will start to see a big turnaround. I do think the economy can be on solid ground.

Thanks, George. I appreciate it.

Thanks, George. I appreciate it.

Donald Trump... As we know, has put, as the Prime Minister just said, unjustified tariffs on what we build, on what we sell, on how we make a living. He's attacking Canadian families, workers and businesses, and we cannot let him succeed.

Donald Trump... As we know, has put, as the Prime Minister just said, unjustified tariffs on what we build, on what we sell, on how we make a living. He's attacking Canadian families, workers and businesses, and we cannot let him succeed.

He's not there to destroy the FBI. He's there to get them back on mission focus.

He's not there to destroy the FBI. He's there to get them back on mission focus.