Trump Pitches *NEW* Stimulus Checks: $3,600
FULL TRANSCRIPT
Donald Trump just suggested the
possibility of a rebate or stimulus
check. Hey everyone, me Kevin here. Take
a look at this. We've got Donald Trump.
This is where he mentions it. What we're
going to do in this video is calculate
how much a stimulus check could be worth
in the event Donald Trump gave up, let's
say, one year's worth of tariff revenue
or a half. And then of course we've got
to factor in is there a potential
economic risk to that or is it possible
that the stimulus check if it comes
could come in the response to higher
unemployment? Who knows? But let's
listen to this from Donald Trump.
>> A dead country one year ago. Now we have
the hottest country anywhere in the
world.
>> Don't you feel it, Mr. President? Mr.
president, with all of that revenue
coming in tens and tens of billions of
dollars,
>> do you think there's the possibility of
a rebate to the American public in terms
of
>> Is there a possibility of a rebate to
the American public? Sorry, you've got
the uh turbine engine, similar engines
to what you use in a jet aircraft uh for
the helicopter right behind them. Uh
probably just cooling down the
helicopter, getting it ready for him. Uh
quick fun fact, the uh basically turbine
engine in a helicopter turns a shaft,
whereas in a jet engine on an aircraft,
it blows out the back. Anyway, very
similar premise though in the engine.
>> All of that money. We're thinking about
that actually. We have so much money
coming in, we're thinking about a little
rebate, but the big thing we want to do
is pay down debt, but we're thinking
about a rebate. That's a very good
You just made a lot of news. We're
thinking about a rebate because we have
so much money coming in.
>> Listen to Trump. He's like, "You just
made a lot of news. We've been thinking
about it.
We've been We've got so much money
coming in from tariffs." We'll talk
about how much in just a moment.
>> From tariffs that tariffs that a little
rebate for people of a certain income
level might be very nice.
>> That was really it. There were no real
other questions, but let's do a quick
calculus on this. Uh so look, if we look
at how much income has been collected
from tariffs, we could see as of July
22nd, we've collected about $104 billion
from tariffs. However, mind you that
tariffs really didn't begin until April
so far this year. Uh and they began at a
reciprocal level of about 10%.
Currently, you're seeing a lot of trade
deals being negotiated at about 19 to
20%. Unless you're getting the quote
unquote buy down for a potential deal
with Japan, where you're seeing tariff
rates at about 15%, assuming Japan is
willing to finance some businesses in
America with cheap or subsidized loans
or uh equity investments into those
businesses. Ignoring all of that, the
point is tariff rates today are much
higher in practice than they were in
April. So considering this, we we
actually have to increase the amount of
tariffs uh that we potentially expect to
receive on an annual basis, assuming
there aren't, you know, there isn't some
large recession or whatever that comes
out of uh a slowdown in the economy and
joblessness. Though, ironically, if you
had a recession, Trump would probably be
more likely to issue stimulus checks
than less likely, especially with
midterms coming up next year. And Donald
Trump really needs to do everything in
his power to, I mean, I hate to use the
phrase, but distract from the Epstein
files and kind of get some, you know,
get some of his base happy with him.
Again, I'm unsure if like buying that is
going to make people forget, but it
might make people happier for sure,
especially if it's a $3,000 stimulus
check. Look at this. Onethird of the
year so far is about $104 billion. So,
at an annual rate, that's about $312
billion in tariffs. However, this
includes tariffs at a lower level than
10% and it only goes through July 22nd.
So, you've got to add at least another
week in here. Plus, tariff rates are
going to be higher, probably averaging
18-ish%. So, it's possible that the true
annualized rate of tariffs will actually
be closer to about $500 billion in
revenue. Donald Trump did suggest that
it would be for certain people of a
certain income. Obviously, you don't
want to see, you know, people making a
million dollars a year getting a
stimulus checks, which has been true for
every stimulus check in the past. We
usually cut it off somewhere around $125
to $150,000 in individual income,
potentially, you know, household income.
It could be as much as 250 to 300K. But
anyway, if you take the top 10% of
incomes uh in in America, you find the
cutoff line is at about $191,000.
This puts about 138 million taxpayers in
the lower 90%.
Uh so if you and and this is tax payers,
so you know, keep that in mind. Uh these
are individuals.
So, you know, if you had two taxpayers
in a house, even with one filing, uh
that that would be two taxpayers. So,
keep that in mind. This could be per
person, right? If you gave away uh all
assuming there are two tax filers in a
household in this case, uh so anyway, if
you gave away all of that $500 billion
in revenues, uh that would basically
work out to $500 billion over a year
divided by 138.4 million tax payers.
That works out to about $3,600
per person. Uh it's it's a little crazy
to think about it, but here's the actual
math on it so you can see it in a
calculator. Uh is 500 billion divided by
138.4 million filers puts us at about
3.6 and 12.
Uh so really, if you gave up half of
this amount of money, you'd be at about
$1,800 per taxpayer. Now, keep in mind,
one of the ways that Donald Trump could
sell this is he doesn't I don't think
Donald Trump has a benefit doing it in
2025. I think they want to align this
with midterms. Okay. Well, if by
midterms next year, you end up in, you
know, a softer labor market and people
are starting to say, "Hey, Donald Trump,
your tariffs are weakening the labor
market. It's causing damage." It would
be a great time for Donald Trump to
consider that sort of stimulus again,
especially now, it'll be inflationary.
Don't get me wrong, though. You know,
the cycle of government mistakes tend to
repeat, but Jerome Powell uh leaves in
May of 2026. So, you're probably
honestly going to put a Kevin Hasset uh
in place because somebody like a Kevin
Walsh at the Fed, he is less uh less
interested in debt at the Fed, but Kevin
Hasset will do whatever Donald Trump
wants. Hasset's the guy who's just going
to bend the knee and go, I'll do
whatever you want, Mr. Trump. So, I
think you're more likely to see
stimulative style spending under Kevin
Hasset. And I think you're more likely
to see it in 2026 before midterms.
Remember, midterms are November of 2026.
So, I think if this $3,600 or $1,800
stimulus check comes or or whether it's
$1,000 or whatever it is, you know,
depending on how they want to brand it,
I think they could brand this and say,
"Hey, we'll give away all of the tariff
revenue for one year or we'll give away
half for one year and then we'll pay
down the debt with the rest." Who knows
what they end up using for marketing,
but I think they will use it as
marketing for the midterms. And it's
going to be a way to sort of I think for
them play cover for Epstein drama, any
weakness in the labor market, any
upsetness over tariffs in general. And
it's just sort of a way of maybe buying
some of that loyalty. And both parties
do this, right? I mean, it was a
motivation for Biden issuing checks. It
was a motivation for Gavin Newsome in
California issuing what were called the
California inflation relief stimulus
checks. And we're like, bro, this is
just going to cause inflation. But, you
know, politicians and and economics, two
totally different worlds often. Uh, but
hey, who cares if it ends up with uh,
you know, money in the bank, so to
speak. So, who knows? Donald Trump is
known for saying things uh, and and a
lot of things get said. So, take it all
with a grain of salt for right now. I do
think if anything, you have to wait
until next year. But uh you know if in
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>> Why not advertise these things that you
told us here? I feel like nobody else
knows about this.
>> We'll we'll try a little advertising and
see how it goes.
>> Congratulations, man. You have done so
much. People love you. People look up to
you.
>> Kevin Praath there, financial analyst
and YouTuber. Meet Kevin. Always great
to get your take.
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