Trump’s Tax Plan vs. Tariffs: Is the Economy About to Snap?- Tom Wheelwright, Matt Sekerke
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Trump's tariffs have clearly put emergency breaks on an economy that some would say was already on a slowdown. Join Tom Wheelwright as he explores how the tax bill will affect the economy, business owners, and investors with his guest, Matt Sekerke, economist and author of “Making Money Work.”
Matt Sekerke is a Fellow at Johns Hopkins University Institute for Applied Economics, Global Health, and the Study of Business Enterprise, and a visiting Fellow at the Durham University Business School in the UK. He does research on financial markets, asset pricing, and how those feed through to the larger economy. He is a managing director at SEDA Experts, which is a consulting firm that focuses on the financial services industry; and a senior macro advisor at Hiddenite Capital Partners, which is a long short equity hedge fund.
In this episode, discover the historical justification of tariffs during war times (i.e. the need to be able to feed ourselves and produce certain things), where our economy stands now, and how investors and entrepreneurs can prepare for the future ahead.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at:
00:00 – Intro.
02:09 – A brief history of tariffs and what happened to the economy of the country who is imposing the tariff.
07:00 – “Killing confidence across the board.”
10:38 – Big Beautiful Bill: Investment Driven or Consumption Driven.
13:58 – Tax on tips and overtime: Long term or short term?
18:39 – Does the positive impact to the economy offset the negative impact of the tariffs?
25:05 – Rare Metals & Manufacturing Weapons – Are we putting ourselves at risk?
28:50 – How investors and small business owners can prepare.
34:00 – Closing Statements.
Looking for more on Matt Sekerke?
Books: “Making Money Work”
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Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.
DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Rough interview
Blah blah blah blah…..3 minute long questions asked three times with no answers. Here’s an idea. Spend 5 minutes talking to your guests before the show or text them. The questions you want to talk about and both of you. Be somewhat prepared before you do the show.
Great interview, was listening while driving
Was hard to follow or was just me?
Binance infinity ETH bug right now
I just made a video to show that-
sometimes it is the case that the Business Center Club has to come to the politicians the billionaire businessmen have to meet the politicians because they are more powerful My opinion is that you see inflation as citizens poor rich middle-income people see inflation as an imminent threat common sense preservation of order society already requires action against inflation and its consequences for the economists obvious
either a policy of one quarter development to counter inflation, also for the global economy, or a fentanyl crisis the entire production can be bought up by the US consern Mexico and sold to the market of 7 billion people and their hospitals to produce the necessary drugs a whole 200 tons of Mexican fentanyl is not a problem buying poppies to produce morphine which is also needed a policy of coexistence due to the prevailing conditions instead of drowning
The worker used to make time and a half if they worked more than 40 hours a week and if they worked on a holiday than they would make double time. I think that there was a triple time category if it was on Christmas or Thanksgiving and a good tip was 10% before tax. Now it’s a lot different and favors the employer. The government shouldn’t set a minimum wage. It should be a free market system. I don’t like unions but it’s a like hate relationship because the employer likes to screw the employee. The union dues go to the Democrats which sucks and the union fee’s are steep.
I wonder what will happen to financing real estate once President Trump ends the private FED, IRS and BIS? Will we still be able to borrow money from the treasury at a lower interest rate or something like that?
The National Debt Clock has the five year silver at $1,558 and the five year gold at $12,599. When you do the math on that, the GSR is 8.09. If gold was to stay at the same price it is today which is $3,364.88 and the GSR was 7:1 than silver today would be $480.70 an ounce. That’s close to the mining ratio which I’ve heard is 7:1 but it might be 8.09 like the National Debt Clock has it at.
We the people didn’t pay any tax till after WWII. Before 1913, our government was funded with tariff taxes but it was a much smaller government. We did have a surplus of cash available in 1887 so the president decided to hire a special board of people to come up with ideas on how to best utilize that money. They decided to make National Park’s. In 1913, the cabal decided to make Americas third private central bank and to collect the money, they also made the private IRS. Both of these private companies are located in Puerto Rico today. They were located in the Philippians. 100% of the FED taxes that we pay go directly to the owners of these companies. Not one cent goes to fix the roads, schools or anything to help the people at all. In fact they use that money against us by sending it to USAID which gives it to NGO’s. They were supposed to have a 99 year charter on these private companies but that didn’t happen. Barry Soetoro aka Obama extended those charters. My question is, everyone is talking about a flat tax of 10% but what if we went back to the old system where we the people didn’t pay any tax at all. We were also on a gold and silver standard. Please explain what that type of economy would look like? When President Trump ends the private FED, IRS, BIS and the rest of the private western central banking system, he will have to end it world wide. This will put all the governments in the world and all the people on a gold and silver standard which will basically be a one world currency and closer to what the Word of God has stated that will happen.
классный сайт
I never had money growing up—just constant stress about bills, arguments, and being told “we cant afford it.” Honestly, I thought something was wrong with me, until I stumbled across Nixorus books. The moment I started reading, I felt this anger rise—realizing Id spent my entire life kept clueless about money on purpose. It literally felt like discovering a secret I wasnt meant to know. Im still shocked no ones banned this yet.
3 minute long questions asked three times with no answers.