Comrade Kamala may have had quite a few woke billionaires backing her, but Trump clearly had the smart investors backing him.
One such investor is Cathie Wood, who oversees the ARK Innovation ETF, a fund well known for its investment in bold visions.
Little wonder that Wood is backing Trump.
“Look, I am going to vote for the person who’s going to do the best job for our economy. I am a voter when it comes to economics, and on that basis, Trump,” Wood pointedly declared in in an interview with “Meet Kevin” financial analyst and YouTuber Kevin Paffrath.
Wood, who is undoubtedly thrilled that Trump won, has no problem spelling out all the benefits that a Trump presidency is poised to bring to the American economy.
Wood noted that Laffer Associates founder and chairman Art Laffer “describes the first three years of the Trump presidency as the best in U.S. economic history, not the last one because of COVID, and I would agree.”
“The market likes tax cuts and has been worried that the tax cuts in the original tax bill that was passed under President [Trump] are going to expire at the end of ’25,” Wood declared.
Absolutely. Those tax cuts have been remarkably helpful to self-employed individuals, not just the “billionaires,” as the mainstream media likes to say.
And while Comrade Kamala clearly would have let the tax relief expire, Trump is poised to undertake pro-business moves.
The types of moves envisioned by the Founding Fathers, in Wood’s view.
“In the very early days of our country … we didn’t have the personal income tax, all we had [were] tariffs and these started under President Washington,” Wood declared.
Nope. In fact, there was a protest over the tax on tea.
On top of that, other modern, rapidly growing economies – including Singapore – have much less aggressive income tax rates.
Which is why such economies are rapidly growing.
“Deregulation (defanging the SEC, FTC, and others), government spending cuts (making room for the private sector), tax cuts, and a focus on technologically enabled innovation are likely to turbocharge the US economy more powerfully than during the Reagan Revolution,” Wood continued.
Absolutely!
“Now the deficit will go down, we think, because of growth, but also we think the inefficiencies in the government are extreme, and we do believe that Elon Musk… will figure out ways – through attrition, in terms of head count and technology productivity gains – to really shrink the government as a percent of GDP, getting a lot of the waste out of the government,” Wood asserted.
Better watch out, Wood. Such praise of Musk may land you in trouble with the powers that be … including those who are not exactly enthralled with a Trump win.
Wood also declared that Elon would successfully audit the federal government
Musk has “more proprietary data” than anyone.
Seems like 2025 will be a wild ride, that’s for sure.
Author: Jane Jones
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