Thursday, February 20, 2025

Trump Weighing the Possibility of a "DOGE Dividend"

On Wednesday, President Donald Trump announced that he is considering directing 20% of the Department of Government Efficiency's (DOGE) cost saving to American citizens, along with putting another 20% toward paying down national debt. His recent comments also align with Elon Musk's recent post on X that suggests providing households with direct payments. Should DOGE achieve its $2 trillion cost cutting goal, each household could potentially receive $5,000. CEO of Azoria, James Fishback, coined the term "DOGE dividend," citing it as a way to repay taxpayers for the governments past inefficiencies. 

The possibility of a "DOGE dividend" sounds beneficial however, there are already concerns being raised by Bloomberg and the New York Times about the legitimacy of how much DOGE has already saved the government ($55 billion). If this plan is successfully employed, it could provide a sizeable financial boost for many families while also allocating money towards paying off the nation's debt. Many critics still remain skeptical about whether this massive cost saving goal will be possible. Ultimately, the proposal of a "DOGE dividend" sounds like it could provide many benefits for families and the economy, however, it will be interesting to see if the team at DOGE is able to successfully achieve their lofty goals and if they will actually provide the American people with a "DOGE dividend."

Link: https://www.cnbc.com/2025/02/19/elon-musk-will-check-with-trump-on-idea-for-tax-refunds-from-doge-savings.html

1 comment:

  1. At this point it seems that a policy such as a "DOGE dividend" is much more of a lofty goal than a legitimate possibility. It's too early to tell if DOGE is actually succeeding in making significant cuts to government spending. Additionally, the amount that DOGE claims to have saved already doesn't appear to be supported by data, as DOGE's website only accounts for $16.6 billion of the $55 billion that it claims.

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