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In the fiscal year 2025, U.S. tariff revenue surpassed $195 billion. Policymakers announced that a portion of this would be returned to low- and middle-income families under the name of "tariff dividends," with a per capita promise starting at $2,000.
How to define low- and middle-income groups? How will this money be allocated? The specific plan remains a mystery. However, the public discourse has already been occupied—ranging from politicians to businessmen, everyone is eager, as if a feast is just around the corner.
This scene feels familiar. The stimulus checks during the pandemic triggered a wave of celebration, and this time, the main actors are tariff policies, but the logic is the same.
Interestingly, data tells a different story. J.P. Morgan statistics show that in 2025, the crypto market saw a total inflow of about $130 billion, hitting a record high. Meanwhile, the U.S. national debt still stands at $37 trillion. On one side, they are preparing to distribute dividends; on the other, debt is piling up. Economists probably have something to say.