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Musk proposes ‘DOGE dividends’ for US taxpayers amid federal budget cuts

7 0
20.02.2025

Elon Musk has floated the idea of distributing a portion of the federal savings generated by the Department of Government Efficiency (DOGE) as a direct financial benefit to US taxpayers. The billionaire entrepreneur, who currently heads DOGE, indicated that he would discuss the proposal with President Donald Trump.

Since Trump’s inauguration on January 20, DOGE has been spearheading aggressive budget audits and cost-cutting measures across multiple federal agencies. The department aims to slash government spending by $2 trillion by 2026. On February 18, James Fishback, the CEO and co-founder of Azoria, suggested on social media platform X that some of these savings be redistributed to the American people in the form of ‘DOGE dividends.’

Fishback’s proposal outlines that 20% of the anticipated savings-approximately $400 billion-be allocated as tax refunds to American taxpayers, while the remaining 80% would be used to help reduce the national debt, which currently exceeds $36 trillion. Based on current estimates of 79 million tax-paying households in the US, this initiative could result in an estimated one-time payment of $5,000 per household.

Fishback argues that these dividends would serve multiple purposes. First, they would compensate taxpayers for what he describes as years of “egregious misuse and abuse of their hard-earned tax dollars” that DOGE has uncovered in its audits. The initiative would also provide an incentive for citizens to report government waste and inefficiency.

Moreover, Fishback contends that such an........

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