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What Kite AI is trying to build
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Injective: The Finance-Optimized Layer-1 Powering the Next Era of On-Chain Markets
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BREAKING — A Huge Shift from Trump! 🚨🔥 President Trump just dropped a bombshell: he’s floated the idea of scrapping income taxes entirely — and instead funding the entire U.S. government using revenues from tariffs on imports. That means no more paycheck taxes, no more tax filings for many Americans. Instead, the cost would come through tariffs. Sounds bold — historic, even. What could this mean if it actually happens? The U.S. financial system might go through a major reset. Government revenues would shift from income taxes to trade-based tariffs. Everyday folks might see a boost: many people could pay zero income tax, especially if they earn less than a certain threshold. But there’s a catch: this could make stuff Americans buy — imports, foreign goods — much more expensive. That sparks concerns about inflation, rising prices, and possible trade-war blowback. Markets and global trade could feel shockwaves: price instability, shifting trade flows, unpredictable reactions. Already economists and analysts are sounding alarms. The numbers, they say, don’t add up — tariffs simply don’t bring in enough money to replace what income taxes currently raise. Some are calling the idea “fantasy.” Others warn it could burden working- and middle-class families more than help them. Regardless, the discussion is now wide open — and could reshape how the U.S. funds everything from infrastructure to defense, social services to education. $ORCA $BAT $TURBO
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