some portion of this I hear and I when I

asked in these four group chats I got

he's throwing stuff at the wall the

Border he's trolling the 10-year note

and he doesn't care about stocks and

then I got on Shoring and Manufacturing

as a possibility we going to make it

more expensive to bring things in so why

don't you consider making stuff here do

you think that third possibility is

what's going on here just David freeberg

pick one of these three choices or

another what's going on here with Tas

specifically I don't sit inside of

Trump's head and I don't have any direct

line of communication to folks that are

constructing the theory and the policy

if I were to say what's the most

masterful plan in an optimistic way of

what could be going on here what's the

master plan I would kind of craft it as

follows tariffs aren't being done in

isolation they're being done along with

a coordinated policy effort to reduce

income taxes and another policy effort

to reduce government spending so those

are three actions three legs on a stool

so tariffs reduced income taxes reduced

government spending and they are related

to each other they're related to each

other because if we increase tariffs one

element of that is that to import

products is more expensive for example I

buy LED lights in my

greenhouse and the price of the LED

lights just went up by 25% this week I

actually spoke with the CEO of an LED

company and I was like why don't you

guys make the LEDs here here and there

starts to become a crossover point where

it actually makes economic sense for the

company to make the LEDs here instead of

sourcing them from Asia and there's a

100,000 examples of this when the

industrial supply chain goes to the

lowest part of

production it's going to end up

offshoring when there's no tariffs and

if there are tariffs then you start to

do production here so you're increasing

both kind of security for the US supply

chain but also increasing demand and

creation of

Workforce Now I think that the income

tax piece is critical here because in

order to make the capital available to

build that industry here we need to have

unleash capital and reducing of income

taxes the economic theory would be that

Capital will now flow into these

entrepreneurial activity these

opportunities that have emerged where

suddenly it makes sense for me to make

textiles to make metals to make

materials to make cars to make all this

stuff here in the United States that I

otherwise wouldn't be making so both the

corporate and the personal income tax by

reducing it unleashes capital that

instead of going into the government it

now goes into the private sector into

building businesses okay I think that

there's another theory about this which

is as you drop the income

tax one of the kind of key theories that

I've heard spoken about a lot lately and

I think we're going to hear about it a

lot more this year is trying to get the

United States to move away from an

income taxation model to a consumption

taxation model so effectively what the

tariffs do is there's a tax for you

buying certain things so now instead of

getting taxed when you earn money as an

individual you get taxed when you spend

money and some people think that that's

both a more fair system and a more kind

of economically vibrant system because

that will drive investment in the things

that people want to to produce because

the money's going into production do you

think that freeberg I'm curious I I

don't know it's a really interesting

economic theory I mean I am not opposed

to seeing some sort of an experiment

play out where we look at a shift from

income taxation to consumption Taxation

and see if it actually does have an

effect on economic growth and

productivity it has not been done in 150

years there's a lot of economic

theorists on both sides of the equations

saying this does work or it doesn't work

okay and let me just say one last thing

by reducing government spending we are

moving workers from the government into

the private Workforce so as those new

Industries pop up as those Investments

start to get made in building new

industry on Shore where are the workers

going to come from remember the

government's 30% of the US GDP today so

if that's not a great way to invest

money maybe the Private Industry is

better at investing money in employing

people that will unleash the workforce

and it will counterbalance the inflation

that we're experiencing so there's a lot

of inflation because of tariffs and by

reducing government spending that's the

offset to inflation so those three

actions I think are three legs of a

stool and they actually are all

interrelated to one another so that

would be my grandmas theory of what

might be going on