Mark Zuckerberg

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. So, I mean, you look at the extension of the Trump tax cuts, just using the highest tax bracket, that went from 39.6 down to 37. I don't have a PhD in mathematics, but that's pretty close to 3%.

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. So, I mean, you look at the extension of the Trump tax cuts, just using the highest tax bracket, that went from 39.6 down to 37. I don't have a PhD in mathematics, but that's pretty close to 3%.

And I also look at the fact that, you know, 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 $150,000 a year is 15% right now, their federal income tax rate.

And I also look at the fact that, you know, 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 $150,000 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.

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.

That sounds like quite the challenge. But I think if he can make the case and he can get a lot of the Democrats to buy into helping average Joe and Jane on Main Street, I think there could be a chance. I mean, you rewind back to pre-Civil War and tariffs generated roughly 90% of the government's revenues back at that point in time. We didn't have a permanent income tax until I think it was 1913.

That sounds like quite the challenge. But I think if he can make the case and he can get a lot of the Democrats to buy into helping average Joe and Jane on Main Street, I think there could be a chance. I mean, you rewind back to pre-Civil War and tariffs generated roughly 90% of the government's revenues back at that point in time. We didn't have a permanent income tax until I think it was 1913.

So there's certainly a case to be made. I don't think it's the most likely outcome, but I think it would be great for the economy because at that point, what we're doing is via tariffs, we are taxing on consumption rather than income. And when you do that, You incentivize saving. And when you save, that grows the economy much, much faster.

So there's certainly a case to be made. I don't think it's the most likely outcome, but I think it would be great for the economy because at that point, what we're doing is via tariffs, we are taxing on consumption rather than income. And when you do that, You incentivize saving. And when you save, that grows the economy much, much faster.

And as we all know, look, we have a crushing fiscal deficit that obviously Doge is trying to chip away at. But no amount of spending cuts from Doge are going to completely balance the budget. So the only way we can balance the budget in the long run and start to chisel away at the debt is a combination of what Doge is doing in cutting spending. But we need to grow.

And as we all know, look, we have a crushing fiscal deficit that obviously Doge is trying to chip away at. But no amount of spending cuts from Doge are going to completely balance the budget. So the only way we can balance the budget in the long run and start to chisel away at the debt is a combination of what Doge is doing in cutting spending. But we need to grow.

And if we can incentivize saving over consuming, we can do that. We can achieve that. And it's going to take 10, 20 years for us to make good progress, but we can do it.

And if we can incentivize saving over consuming, we can do that. We can achieve that. And it's going to take 10, 20 years for us to make good progress, but we can do it.

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, those moved to quarter two, quarter three, quarter four of this year. 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.

So any of those growth initiatives that small businesses were thinking about putting in place this quarter, those moved to quarter two, quarter three, quarter four of this year. 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, Georgia, that getting the Trump tax cuts extended by somewhere around July 1st through 15th is incredibly important for consumers. If it doesn't happen by then, you've got back-to-school shopping season really about a few weeks after that, and you might see consumers pull back.

I do think, Georgia, that getting the Trump tax cuts extended by somewhere around July 1st through 15th is incredibly important for consumers. If it doesn't happen by then, you've got back-to-school shopping season really about a few weeks after that, and you might see consumers pull back.