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American Dreamin
The Season Begins
Whispers of a global trade war persist as U.S. trade partners respond to President Trump’s tariff threats. While the aim is to reduce the national debt by pressuring other countries, a significant redistribution of wealth is more likely. Former U.S. Secretary of Labor, Robert Reich, has stressed that between looming tariffs and big tax cuts the middle and lower class are being sent to the front lines of a losing economic plan. The proposed tariffs are estimated to cost American households an extra $1,200 a year. While high earners ($)360k+) will benefit from tax cuts, the middle class faces a tax increase of at least $1,000. The idea behind the tariffs is that they will offset the pending tax cuts, including a reduction in corporate income tax rate from 35% down to 21% - a return to the 2017 Tax Cuts and Jobs Act. In actuality, corporations are getting a green light to enterprise through a Hunger Games-esque economy.
you could redefine the game as we know it, one dream at a time
Many companies like Google and Ripple are salivating at the mouth, preparing their organizations for expansion. Last week, news broke that Google purchased cloud security company Wiz for an astounding $32 billion - the largest purchase in the company’s history. This purchase is notable for several reasons. Cloud Security among tech giants is a foundational pillar to protect against cyber attacks and protect sensitive data. Anti-trust concerns aside, Google is betting on Wiz to siphon new clients from Amazon’s AWS and Microsoft’s Azure. Wiz’s bread and butter rest in its agentless security that expedites deploying security programs on various devices. The global AI race requires strong, far-reaching cloud security, without it, Google’s AI dreams will be merely that - just a dream.
The AI industry isn’t the only sector of the economy volunteering companies as tribute. This month, the SEC dropped their case against Ripple, news that sent shockwaves throughout the crypto world. As a fintech company that facilitates low-cost cross-border transactions, Ripple sits in a unique space. Under the new administration, federal oversight of cryptocurrencies is waning. The SEC’s case centered on whether Ripple’s crypto coin XRP should be considered a security or not. As a refresher, securities are considered financial instruments such as stocks, bonds, and investment contracts. Applying the Howey Test, the SEC argued that because investors expected profits from Ripple’s efforts, XRP sales constituted unregistered securities.
you’re now in a game where only time can tell
Crypto Investors have long argued that digital currencies should not be regulated as securities. Absent regulation from the SEC, other crypto firms are now poised to expand public sales of various digital currencies. More specifically, Ripple’s focus on cross-border payments can expand with the use of XRPTurbo, an innovative AI-powered launchpad for decentralized functionalities. These features will automate smart contract creation, fractionalize real-world assets into tradeable tokens, and settle international payments instantly. The potential for this tech promises to expedite business transactions,
survive the drought, I wish you well, I wish you insight so you can see for yourself
Companies leveraging AI and blockchain technology are reshaping the American dream, but many small business owners are struggling to keep up. The key question is: how can small businesses also participate in the transformation? The answer is both simple and complex. Small business owners should focus on adopting blockchain to automate processes, use smart contracts for B2B transactions, and enhance data security with advanced cloud solutions. To achieve this new American Dream, entrepreneurs must capitalize on the new tools of industry. Fortunately, some of these technologies are in their infancy stages — meaning their growth is contingent upon new users. Dream on.
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