{"id":2873,"date":"2024-11-18T03:18:46","date_gmt":"2024-11-18T03:18:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2873"},"modified":"2024-11-18T03:18:46","modified_gmt":"2024-11-18T03:18:46","slug":"cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-just-begun-to-broaden-out","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2873","title":{"rendered":"Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: &#8216;This Bull Market Has Just Begun To Broaden Out&#8217;"},"content":{"rendered":"<div>\n<p><strong>Cathie Wood<\/strong>, CEO of <strong>ARK Invest<\/strong>, endorsed the newly created Department of Government Efficiency (DOGE) under <strong>Elon Musk<\/strong>\u2018s leadership while advocating for stricter government spending controls in a series of posts on X on Sunday.<\/p>\n<p><strong>What Happened<\/strong>: \u201cGovernment spending is taxation,\u201d Wood said, citing her early economics education with <strong>Arthur Laffer<\/strong>. She emphasized that government spending either translates to immediate tax increases, future generational burdens, or inflation, which she termed \u201cthe most regressive tax of all.\u201d<\/p>\n<p>The discussion gained momentum following <strong>Coinbase Global Inc <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) CEO <strong>Brian Armstrong<\/strong>\u2018s proposals for constitutional reforms to limit federal expenditures. Armstrong suggested implementing a constitutional amendment capping government spending at 10% and establishing a U.S. sovereign wealth fund that would distribute shares and dividends from budget surpluses to citizens.<\/p>\n<p>Wood, who recently praised Musk\u2019s appointment to lead DOGE in a CNBC interview, emphasized his <a href=\"https:\/\/www.benzinga.com\/media\/24\/11\/42022531\/cathie-wood-backs-elon-musks-2-trillion-doge-initiative-says-tesla-ceos-access-to-proprietary-data-and-ai-gives-him-an-edge\">technological expertise as crucial for the department\u2019s mission<\/a> to minimize waste &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42028523\/cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-j\" alt=\"Cathie\" wood draws reagan-era parallels as elon musk takes doge helm: bull market has just begun to broaden out>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cathie Wood, CEO of ARK Invest, endorsed the newly created Department of Government Efficiency (DOGE) under Elon Musk\u2018s leadership while advocating for stricter government spending controls in a series of posts on X on Sunday. What Happened: \u201cGovernment spending is taxation,\u201d Wood said, citing her early economics education with Arthur Laffer. She emphasized that government [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2873","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2873"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2873\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}