Elon Musk entertained the notion of dispersing “DOGE dividend” payments to the public considering how much money the Trump administration’s Department of Government Efficiency has saved by eliminating federal fraud, waste and abuse.
On Tuesday, Musk responded to a letter proposing the scheme and detailing how it would work from InvestAzoria CEO James Fishback, who said such an initiative would show the people DOGE’s effectiveness.
Fishback wrote:
Here’s how President Trump’s DOGE Dividend works:
- DOGE is targeting $2 trillion in total savings.
- Take 20% of DOGE’s total savings ($400 billion) and return it to the ~79 million U.S. households that will be net payers of federal income tax in CY 2025 as a tax-refund check called the “DOGE Dividend.”
- $400 billion in DOGE-driven savings divided by 79 million tax-paying households $5,000 “DOGE Dividend” check per tax-paying household.
In his letter, Fishback also addresses how the DOGE Dividend wouldn’t increase the deficit or be inflationary.
Responding to Fishback, Musk replied, “Will check with the President,” signaling apparent interest in the proposal.
Later responding to an X post by researcher Nick Sortor, Musk added, “Obviously, the President is the Commander-in-Chief, so this is entirely up to him.”
Fox News on Wednesday reported on the possibility of a DOGE dividend payment.
It remains to be seen whether the Trump administration will, as Fishback wrote, “cut the taxpayer in” on the benefits of DOGE’s spending cuts, and right the wrongs done to the American people.
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