Gerstner calculates proposed tariffs would 10x revenue to $500B while Doge cuts $1T spending, totaling $1.5T austerity.
“If you look at tariffs, they're likely to impose, we currently generate about $50,000,000,000 in tariff revenue. The president is targeting 500,000,000,000, so a 10x increase in tariff revenue.”
Gerstner notes government is spending $42 billion on rural broadband despite Starlink already providing perfect coverage.
“So anyway, they decided they were going to spend 42,000,000,000 on rural broadband. And between ten years ago and now, Starlink's been built.”