Coin Tycoon Also Goes to Work - Chapter 284



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Episode 284

White office.

I was finally able to meet US President Joe Biden.

It wasn’t much different from the last time I came. However, I guess I could say that the faces of the people who greeted me here had completely changed.

“This is Joe Biden.”

“This is Seo Jeong-in.”

Just one person.

Todd Young, my father, was still sitting next to President Joe Biden, looking at me with a pleased expression.

How would you describe your experience meeting President Joe Biden?

‘He seems like a gentle detective.’

Of course, the investigator will never be gentle when he gets angry. As a seasoned politician, he can show his teeth at any time.

“I heard you were interested in alternative sports, so I made a special arrangement for you.”

“This is my favorite menu. Thank you.”

The main dish prepared specially by President Joe Biden for the dinner was a lamb-flavored alternative meat called rib steak.

A smile escaped Joe Biden’s lips as he searched my gaze.

“The bill to raise the capital gains tax rate for high-income earners was passed a while ago. Chairman Seo will also be affected. Isn’t it a bit uncomfortable for you?”

“No, I just heard about it. Depending on the policy outcome, there may be difficulties, but I think the president’s impression plan will be effective.”

Joe Biden recently made a surprise proposal to raise marginal income tax rates and increase taxes on investment profits for the wealthy.

The news triggered a selloff on Wall Street, sending major indexes lower. My short bet on a decline in the New York Stock Exchange paid off, as I made a whopping $6.7 billion in one day thanks to Joe Biden’s presidency.

“Senator Rick Perry told me a while ago that the passage of a $2 trillion relief package was a done deal.”

Congressman Rick Perry is now a senator. The people who directly benefited from mATE-12 were Congressman Rick Perry, Todd Young, and my father.

Joe Biden nodded instead of answering, then looked a little relieved.

“The idea that China will eat our lunch remains unchanged. We have always emphasized financial independence and will invest in infrastructure for this.”

Biden, who set out to erase Trump from his first day in office, passed a policy stimulus package that was in many ways the opposite of former President Trump’s.

President Biden’s view is that wealthy Americans and corporations who can afford it should pay.

The top income tax rate is also expected to rise from the current 37% to 39%.

President Biden’s tax proposal effectively reverses former President Donald Trump’s income tax cuts.

Although a lot of backlash is expected, it is evaluated that they are trying to lead innovation.

‘My father’s mention of it also helped me a lot in preparing in advance.’

President Joe Biden has reportedly had lengthy discussions with Vice President Todd Young and other senators about the need to improve America’s infrastructure.

He said that when he met with senators, he told them that if we don’t move, China will eat our lunch, and that China is investing billions of dollars in many areas, including transportation and the environment, and that we need to increase our investment as well.

During his presidential campaign, Biden pledged to invest $2 trillion in clean energy infrastructure over the next four years.

Mate Alpha could not miss this opportunity.

“Mate Alpha is always in favor of the Buy America policy.”

Biden nodded at my words.

“We need to invest $2 trillion to bridge the infrastructure gap. But Mate Alpha’s $100 billion investment just recently has really given us a breath of fresh air, at least for a little while.”

It was also Biden’s painful mistake to put Americans at risk with the zero-interest rate policy. But the president had no choice. If he didn’t ease inflation now, it would be difficult to carry out future policies.

“If we don’t address the infrastructure gap, the burden on the U.S. economy will double,” he said.

“Yes. It seems that Chairman Seo has not neglected his study of the flow of the American economy.”

“Because I am an investor before I am a businessman.”

After a brief silence, President Biden spoke first.

“If you look at the World Competitiveness Report alone, the quality of America’s infrastructure is only 13th in the world. It was inevitable that it would fall a lot. I’m not saying that I blindly believe their words, but it’s definitely a noticeable result.”

“Isn’t that why you called me?”

Biden said with a look of gratitude on his face.

“Chairman Seo must have experienced enough to know. About the Chinese government’s oppressive and unfair trade practices, the suppression of Hong Kong, and the treatment of Muslims in Xinjiang. It is no longer disrespectful to China to express fundamental concerns. Also.”

“China’s increasingly hardline stance toward Taiwan and the lack of transparency regarding the novel coronavirus outbreak are also issues. No matter how hard President Xi maintains his stance on national sovereignty and territorial issues, it will only cause confusion in the global trade order. That’s why I called Chairman Seo here. An exit from China means joining my Buy America policy, right?”

Biden, who allowed me to stand here, spoke to me actively as if I had to.

The gentle words of a detective who tells you that you must obey what he says.

Of course, I had nothing to be afraid of. But at some point, things started to go subtly wrong.

‘In the end, it seems I must also betray China, which betrayed me.’

It means that we have no choice but to cooperate with the United States.

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“Of course, we all know that we need to reduce the possibility of misjudgment. Does Chairman Seo also know the core principles of Buy America?”

Buy America is a policy to increase the proportion of American products in the $600 billion U.S. federal government procurement market, and Biden signed an executive order containing this content immediately after taking office.

The White House has since vowed to push the policy even harder than it has in the past six months.

In other words, in economic terms, President Trump’s policies and President Biden’s policies will be about the same.

‘He’s warning me that if I don’t cooperate with the US, I’ll be kicked out.’

Ignoring my warnings also meant that it was intolerable.

Since I couldn’t show a lukewarm response in this situation, I glanced at Todd Young and then turned to President Joe Biden.

“It is a protectionist provision that stipulates that only American steel and industrial products be used in public projects financed by the U.S. government.”

President Biden’s gaze changed in an instant. His voice leaked out through his parted lips as he swept me over with a sinister gaze.

“It’s going to get even stronger. Up until now, if a product had at least 55% of its components made in the United States, it was eligible for federal procurement, but we’re raising that to 60%. We’re going to raise that to 65% in the future, and 75% by 2029.”

Emphasizing “Made in America” was a trademark strategy of former President Donald Trump. Despite criticism that he was copying Trump’s strategy, Biden’s decision to further raise the Buy America metric was interpreted as an attempt to win over blue-collar voters.

The analysis that the presidential election is over, but the war between Biden and Trump continues is coming from here.

‘I guess that means they are focused on maintaining their slim majority in both houses.’

In the end, the story was about embracing Mate Alpha.

My gaze toward President Biden was filled with hesitation and a vague, inexplicable calm. I had to do my best.

“Maybe it’s a good thing that China has betrayed Chairman Seo. That’s why I called Chairman Seo today. The U.S. government will actively support Mate Alpha’s Mate Ka in the future. From the factory site to the establishment and the start of operation of all American facilities.”

Since we have already turned our backs on China, I should have cooperated with Biden and the US government. After all, we have already achieved too much in the US. Korea and China have not even achieved a third of what the US has achieved, so we should have done even more.

‘There’s no need to refuse it since it will bring many direct and indirect benefits anyway.’

I said the kindest words I could muster.

“Todd Young, my father said that he threatened President Joe Biden to cooperate with him.”

“Hahaha. I picked the right Vice President.”

Of course, Todd Young never said that to me. He told me that if it ever became a burden, I didn’t have to come forward.

But I was a businessman and an investor.

I decide to focus only on the profits I can make.

“I will not refuse your support. I ask for your continued support.”

“Congratulations on your cooperation with the US government. And by the way.”

President Joe Biden added, “Oops, oh no,” and slapped his forehead.

“Do you have any intention of becoming an American? I think Korea is too small a place for Chairman Seo to operate.”

This was the first time a president had talked so openly about naturalization.

However, he raised the corners of his mouth as if he was satisfied with President Biden’s response.

“I don’t know how you’ll perceive it, but I plan to remain Korean from now on.”

* * *

Texas and Arizona are currently called the heart of America’s high-tech industry. I’ve been recommended many times to expand my influence in Texas, the second largest state in the U.S. by population, but I decided to push for Arizona.

It could have had a great influence not only on the electric car industry but also on various high value-added industries and cutting-edge industries. And above all, it was also a region where the U.S. government decided to provide a lot of tax support.

The process of establishing a Mate Giga.

“The southern part of Arizona needs a little more evaluation. It would be nice to have some incentive competition between the states.”

I raised the corners of my mouth at Hemed’s words, who was now my strategy director.

“There is no need for that. Now that we have secured the site with the possibility of realizing the economic scale and an aggressive schedule, let’s move on to construction. What about Ilseong Material?”

“They say they have already started. The acquisition of the land has also been planned.”

“Let’s do it. What about the job retention aspect?”

“We have hired some engineers from AMD, Intel, Tesla, and BMW. Johnson and McKennie will lead the development of autonomous driving hardware, and the need for collaboration is growing even more as the Ilsung Group is producing autonomous driving chips at its Austin plant.”

“Excellent.”

After speaking with Hemed, I immediately took a private jet and flew to the site of the Mateca plant being built in Arizona.

It was a place that Vice Chairman Yeo Jae-yong personally inspected, and there I was finally able to meet him. And there was an unexpected person there.

‘Chairman Kim Eung-young of Ilhwa Group.’

There is a reason why I personally called them all the way here.

“Now that we’re in Arizona, you’ll have to serve us a great meal.”

“Is it just food? It will be perfect, even for lodging.”

I shook hands with them one by one, smiled, and then chuckled.

“The source of Mateka will come from Ilhwa Group and Ilsung Group. Will the three partners come together to participate in the process of Mateka’s process, launch, and India, as well as the establishment of Mate City using solar energy in the future?”

The shoulders of Chairman Kim Eung-young and Vice Chairman Yeo Jae-yong, who were listening to me, trembled slightly.

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