There are three major differences between Harris and Trump.
The first difference is taxation.
The King of Understanding advocates a big market, which means reducing the number of rich people and reducing the pressure on business owners, and letting the market solve its own problems.
If we don't engage in welfare subsidies, what can we rely on? Employment. If the rich are doing well, the economy will improve, there will be more jobs, and the poor will also be doing well.
This is what the King of Understanding thinks.
Hasli's idea is the opposite: impose heavy taxes on the rich, have a small market and a big government, and subsidize the poor.
How does she plan to collect this tax?
For wealthy people with a net worth of more than 100 million US dollars, a tax of 25% will be levied on the appreciation of their assets, but not on the portion that has been profited.
For someone like Musk, if Harris really implements it, he will have to pay tens of billions of dollars in taxes.
But where could he raise so much cash?
It's like the price of your house has gone up, but you haven't sold it yet. If you don't sell it, how will you pay the tax? Where do you get so much cash?
You can only sell off assets in large quantities, otherwise you won’t be able to raise taxes.
If Harris is really elected and really imposes this kind of tax, there will be a crash and a collective sell-off.
Then Buffett is so smart and foresighted, he simply escaped the top perfectly.
Buffett seems to believe that Harris will be elected, and that after she is elected, she will really impose this incredible tax.
So as a comparison, if Trump is elected.
Trump’s tax on the rich is very attractive, comparable to Singapore, or even better than Singapore.
I think this is a shot in the arm for the economy, the only regret is that I don’t know how it will control inflation.
The second difference is tariffs.
Harris did not say that he would impose a significant increase in tariffs, but what Trump said was very harsh.
But I don't think he would really impose such a staggering 60% tariff on us.
This is hardly enforceable.
If you really impose a 60% tariff on us and a 10% tariff on Europe, the end result will be that all our exports to the United States will become re-exports.
It’s the same as soaking Yangcheng Lake hairy crabs in water.
Therefore, the harsh words of the King of Understanding are more like a negotiation strategy.
He came up and shouted loudly and fiercely to see what concessions we were willing to make, and then he pretended to give in.
I estimate that according to the words of the King, it is possible that a 20% tariff will be imposed on us and a 10% tariff will be imposed on Europe.
So for people living in the United States, how much of this will be passed on to consumers and how much will reduce suppliers' profits? It's a question of sharing.
In short, Trump’s starting point is very simple, which is that you should not buy imported goods from Central Europe, but buy those from the United States.
The third difference is inflation.
Although Harris may not be able to reduce inflation, Trump's approach will probably cause inflation to rise sharply.
This is why assets related to inflation are all looking at the King of Understanding and ready to make a move.
Because they all think that Trump = inflation, and a large one at that.
Moreover, think about the series of actions taken by Trump, whether it is increasing tariffs, lowering interest rates, or spending money in a big way, no matter which one, it is the rhythm of preparing to devalue the US dollar.
So to put it simply, for people living in the United States, you can just think this way.
If Trump takes action and really means it, the US dollar will be in danger and money will become worthless.
Because you have to deal with the uncertainty in the United States, we also have to deal with the uncertainty in the United States at home.
We will have to deal with uncertainty in the United States on November 8th and mid-December.