In a recent appearance on the Joe Rogan Experience, former President Trump suggested he is serious about eliminating the federal income tax in the United States. He proposed replacing this revenue with tariffs on imports, citing the tariff policies of President William McKinley from the 1890s as economically successful. Trump stated that these tariffs generated so much revenue that officials struggled to determine how to utilize the excess funds. Critics caution that such tariffs could lead to higher prices for consumers, though Trump argues that they would enhance domestic dollar demand and protect American jobs. In addition, Trump has previously floated the idea of utilizing Bitcoin to address the national debt, proposing that the U.S. could repay its creditors through Bitcoin transactions. Asset manager Bryan Courchesne supported the concept of establishing a Bitcoin strategic reserve for the government, highlighting the potential to repurpose seized Bitcoin assets, although he noted bureaucratic challenges would need to be addressed.

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