Proposed (new) U.S. retirement plan.
Wall Street will love this.
Sometimes, a stock market crash can take a full decade to recover from; it (has been proven throughout U.S. economic-financial history).
*** Example - The "Lost Decade" from 2000-2009 whereby the S&P 500 had a Negative average return (-0.95%).
Australia is a much smaller country.
Australia also operates differently than the U.S. without having $38.4 Trillion in U.S. National debt (add $3.74 Trillion from the Trump Tax bill) with $969.0 Billion a year in Interest being paid (almost a Trillion a year) by the U.S. taxpayer to outside Investors (U.S. based, Japan; China: etc.) who finance it, per usdebtclock.
On a side note -
ACA Healthcare subsidies are set to expire with 24 Million U.S. citizens having 100% increased healthcare premiums (on average) or (no) healthcare (at all), with (no) replacement in sight from the Trump administration.
ACA enrollees include small business owners (and their employees), lower income-poor; etc.
This will (also) weigh on the U.S. economy, with Trump tariffs potentially leading to a Major recession in 2026.