Elon Musk Weighs Giving $5,000 To All Americans From DOGE Savings - Here's A Reality Check

(MENAFN- Live Mint) Real cheques or reality check? That is the question. When avid DOGE supporter James Fishback proposed divvying up so-called“DOGE Dividends” to common Americans and tagged Elon Musk on social media platform X (formerly Twitter), it generated much buzz online.

Elon Musk too responded with an equally buzz-worthy:“Will check with the President” on X, escalating speculation over the possibility of 79 million Americans getting cheques worth $5,000 from DOGE's claimed $55 billion savings for the federal government.

The real picture however hangs in the air.

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The 'DOGE Divident' idea was proposed on X by Fishback, who is CEO of investment firm Azoria, and reportedly an outside adviser to DOGE. In a lengthy post on the site, Fishback tagged Elon Musk propsing a“tax refund check” worth about $5,000 to be sent to“tax paying” American households after the expiration of DOGE in July 2026.

He claimed this could be covered with a portion of the total savings delivered by DOGE, which Elon Musk has estimated will reach to $2 trillion. The number was difficult to confirm and on scrutiny, Musk also walked back on it.

However, the proposal accounts 20 per cent of DOGE 's targeted $2 trillion in savings to be returned to“the ~79 million tax-paying households,” which Fishback said would result in about a $5,000 return per household.

Musk responded to Fishback's proposal, saying he“will check with the president.”

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According to the official DOGE website, the newly formed department under Elon Musk has saved an estimated total of $55 billion,“which is a combination of fraud detection / deletion, contract / lease cancellations, contract / lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings.”

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