Elon Musk proposes $5,000 DOGE Dividend checks for all Americans, funded by savings from his Department of Government Efficiency.

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by YoloFortune

25 comments

  5. I just want to point out how ever economist points back to covid and stimulus checks (from both trump and Biden) as a heavy cause of inflation (along with PPP).

    If I remember correctly those checks were $1,800.

    Musk is now proposing to nearly triple that check and throw it back into circulation off the reasoning it was gov money saved? How about they do what promised and lower prices and reduce deficits.

  7. This is just getting out of hand. Either pay off the national debt or stop cutting services.

  9. All this is getting themselves back into favor with the public. They know how unpopular they are and need a little more time before they completely take over our government.

  11. The last time they did this the price of everything went up 15%

  16. Ah yes, file this under “full self driving is coming very soon” lie bucket.

  18. We need to cut government waste. We have a huge deficit. By my bad math isn’t 5000 for 330 million people 1.6 trillion dollars? Weren’t the stimulus checks we got during covid what fueled a lot of our inflation? Again that seems more of a bribe than a solution.

  21. I call bullshit. And ask what the fuck are you hiding? 

  22. I can make 5Gs. What I can’t do is make a USAID, CFPB, a DOE, or a NATO alliance. Usually when a new administration comes in they try to improve or repurpose the powerful tools of government that have taken years and hundreds of thousands of lives to develop. That shows some amount of respect and appreciation for the country these people claim to represent. They don’t simply destroy everything, hollowing the government out from the inside, piss on everyone and call it lemonade.

  23. Find “savings” to turn it around and give $5k checks to the people? What’s the debt and deficit again? How much will permanently extending the TCJA add to that? Sound like they’re really serious about wasteful spending. Clowns.

  25. In addition to the litany of problems mentioned in this thread, math also doesn’t math without leaving people out. $2 trillion in alleged savings (never mind that there is no chance they will achieve that number unless we’re optimistically looking at $200 billion a year over the course of a decade, which is unlikely. Also, if it’s over ten years, but we’re giving out this “dividend” in the first year, that’s insanely irresponsible accounting), and he says he wants to give 20% back in the form of $5,000 checks. So that’s $400 billion. The proposal he cites limits it to households, not individuals, so now we’re down to 131 million checks (married and struggling? Sucks to suck. Your unmarried bachelor brother in law who spends all of his money on sports betting is getting the same amount as you, your spouse, and your kids get combined), but that’s way more than $400 billion. How do they fix that? Oh, if we dig through the proposal some more, we find that they propose only giving the money to households with net tax liabilities, or about 79 million households and leaving the other 52 million to rot. And rot they will, because these are the 52 million poorest households. Worse, dumping that much “free” money in the economy would be incredibly inflationary, and inflation would hit the that poorest 52 million households far harder than it’d hit everyone else. And that’s all on top of cutting contracts and programs meant to help the poor and working class.

    So, TL;DR: all other problems with this proposal aside, Elon is proposing giving $400 billion to the middle and upper classes while giving nothing to the bottom 40% and making conditions for them materially worse.

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