TechFlow news, on October 27, according to Cointelegraph, former U.S. President Trump stated in the latest episode of the Joe Rogan podcast that if he returns to the White House in 2024, he would seriously consider eliminating federal income tax and instead rely primarily on tariffs on imported goods as the government's main source of revenue. Trump cited the successful tariff policies during President McKinley's administration in the 1890s, noting that government revenues at the time were so abundant that a special blue-ribbon committee had to be formed to study how to allocate the funds.
Previously, in an interview with Fox News, Trump hinted that the United States' current $35 trillion national debt could potentially be addressed by "giving creditors some bitcoin." Asset manager Bryan Courchesne said that while establishing a strategic bitcoin reserve for the U.S. would be challenging, it is not impossible. The Department of Justice could transfer approximately 200,000 seized bitcoins to the Treasury as reserve assets, and the government could gradually accumulate digital currencies over time to build a strategic bitcoin reserve, although this process might face cumbersome administrative procedures.
