Here are five tips on how a potential U.S. acquisition of a 50% stake in TikTok could be leveraged to benefit Americans through the establishment of a fund. The only reason why Tik Tok is successful is because Americans made it successful. It would be great if the money went back to Americans.
1. Create a Transparent “American Prosperity Fund”
• Establish a public trust to manage the proceeds from the TikTok acquisition. This fund could operate similarly to Alaska’s Permanent Fund, ensuring transparency and public accountability in how the money is used. Americans could vote on priority areas like property tax relief, healthcare subsidies, or federal tax reduction.
2. Earmark Funds for Property Tax Relief
• Allocate a percentage of the fund specifically for reducing property taxes across states. This would benefit homeowners and renters alike by reducing living costs and incentivizing investments in homeownership.
3. Down Payment Assistance Program
• Dedicate part of the fund to support first-time homebuyers by covering 50% of their down payments. This would address housing affordability issues, boost the real estate market, and help more Americans achieve financial stability through homeownership.
4. Cut PMI insurance by half to help Americans acquire a low monthly payment.
5. Offset Federal Taxes with a New Revenue Stream
• Instead of direct taxation, leverage the profits generated from the U.S.-owned stake in TikTok to reduce or eliminate federal taxes for citizens. This shift would put more disposable income in Americans’ pockets and stimulate the economy.
By focusing on these areas, the fund could directly address critical economic challenges, promote equity, and enhance the quality of life for Americans.