Gross: Trump Tax Cuts Will Be More Corporate Friendly

The transcript discusses the impact of corporate tax cuts on labor and GDP, highlighting that such cuts historically benefit corporate profits more than wages. It critiques Trump's policies as a continuation of the status quo, despite his unconventional approach. The potential establishment of an infrastructure bank is noted as a surprise. The discussion also covers market rotations and the challenges of implementing policies effectively, with a focus on infrastructure projects and their timelines.

What is the historical impact of corporate tax cuts on labor?

• They have not had much impact on labor.

• They have significantly increased wages.

• They have led to higher unemployment rates.

• They have decreased corporate profits.

What surprising policy related to infrastructure did Trump consider, which was initially dismissed?

• A tax increase for the wealthy

• A new healthcare reform

• A reduction in defense spending

• An infrastructure bank

What is the 'great rotation' mentioned in the context of market dynamics?

• A shift from the dollar to yen and euro

• A shift from fixed income to equities

• A shift from equities to fixed income

• A shift from US assets to emerging markets

What challenge is associated with infrastructure projects as observed in the Obama administration?

• Projects were completed too quickly

• Projects were not shovel-ready

• Projects were too expensive

• Projects were not environmentally friendly

What role does hope play in market prices according to the discussion?

• Hope has no impact on market prices.

• Hope can lead to market crashes.

• Hope influences market prices positively or negatively.

• Hope only affects long-term investments.