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Unleash Prosperity Hotline
Issue #1250
04/24/2025
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1) Europe’s Attack on America’s Tech Companies
European leaders announced this week they will try to steal up to $800 million from Apple and Meta with bogus antitrust penalties under the EU's Digital Marketing Act. This fine is what we call "sour grapes" economics. The socialist nations of Europe can't compete in the tech space, and so they are penalizing Apple and Meta because of their superiority in cell phone services and social media applications.
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The issue is whether Apple and Meta should be able to bundle services on their product lines and social media platforms. The answer, of course, is yes; they built it and they own it.
These harassment lawsuits are restraints on trade and direct attacks on American workers and shareholders.
Trump needs to aggressively retaliate.
The EU's actions also run counter to Trump's directive to his White House Office of Science and Technology Policy ([link removed]) , in which he called for the federal government to "blaze a bold path to maintain our technological supremacy" and to retain our position as the "unrivaled world leader in critical and emerging technologies."
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2) Trump Torches Millionaire Tax
We were first out of the gate to warn Republicans that an income tax rate increase was bad economics and even worse politics. Now, it’s official: President Trump has officially renounced the idea.
REPORTER: Would you support a millionaire tax?
TRUMP: I think it would be very disruptive because a lot of the millionaires would leave the country. You know, in the old days, they left states. They go from one state to the other. Now, with transportation so quick and so easy, they leave countries. You'll lose a lot of money if you do that. And other countries that have done it have lost a lot of people. They lose their wealthy people. That would be bad because the wealthy people pay the tax. Okay?
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3) This Market Downturn Is Still Just a Blip
We've always argued: stocks for the long run. This chart puts the recent correction in perspective. Once the trade war shooting stops, the stock market will almost certainly bounce back.
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4) Video of the Day: Rahm Emanuel Spills the Beans on Out-of-Touch Liberals
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Be quiet. Spend a little time listening and not to the sound and the beauty of your own voice.
Through COVID, we put on the establishment coat. Closing the schools. Wear your mask. We become these experts. And then we start talking and we compound it with terms like defund the police, LatinX, caring economy.
We talk like we're adjunct professors at a small liberal arts college in the Midwest. And the Democratic Party has become a house of mirrors. We just want to feel good about ourselves, talking to ourselves about ourselves.
Here's my view. You have a Yeti cup, you fund WBZ NPR, sit down, listen, and say you're sorry. I include myself in the same mistakes. If you have a Yeti cup, be quiet, sit in the corner, and listen. Stop talking. That's my view.
New Symbol of the Democrat Party?
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5) Deregulation Can Reduce Federal Borrowing by $1 Trillion Over 10 Years
In recent years, all of the major tax and spending legislation has been done through the budget reconciliation process to sidestep filibusters, but the current budget scorekeeping has ignored savings from rolling back regs.
A new landmark Heritage analysis finds that the Trump deregulation initiatives could save Uncle Sam $1.1 trillion over the next decade. These savings should be counted as deficit reducers.
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Senator Mike Lee has suggested including a version of the REINS Act, which would require new regulations to be approved by majorities of the House and Senate before taking effect, in the reconciliation bill. The Heritage study should bolster his effort.
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6) The Left’s Latest Comeback Strategy
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