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Musk contemplates granting US taxpayers ‘DOGE dividends’
(MENAFN) Elon Musk has suggested that savings generated through federal spending cuts by the new Department of government Efficiency (DOGE) could be used for a significant one-time refund to US taxpayers. Since President Donald Trump’s inauguration on January 20, DOGE has been conducting audits and reducing job positions in various federal agencies as part of a broader plan to cut government spending by $2 trillion by 2026.
In a post on X on Tuesday, James Fishback, CEO and co-founder of Azoria, proposed to Musk the idea of distributing “DOGE dividends” to Americans. The plan would allocate 20% of the savings, approximately $400 billion, as tax refunds for US taxpayers, while the remaining 80% would go toward reducing the national debt, which exceeds $36 trillion.
Fishback estimated that, with 79 million tax-paying households in the US, each could receive around $5,000 if the proposal were approved. He argued that these dividends would compensate taxpayers for the “misuse” of their tax dollars and encourage them to report waste and fraud.
Fishback also believes the initiative would help rebuild trust between taxpayers and the government, boosting “tax morale.” In response, Musk stated on X that he would “check with the president” about the proposal.
On Tuesday, DOGE released a report claiming to have saved an estimated $55 billion due to cost-cutting measures. The department has been targeting waste, fraud, errors, and redundancies across federal agencies. It recently announced savings of over $1 billion by eliminating more than 100 contracts tied to diversity, equity, and inclusion initiatives.
In a post on X on Tuesday, James Fishback, CEO and co-founder of Azoria, proposed to Musk the idea of distributing “DOGE dividends” to Americans. The plan would allocate 20% of the savings, approximately $400 billion, as tax refunds for US taxpayers, while the remaining 80% would go toward reducing the national debt, which exceeds $36 trillion.
Fishback estimated that, with 79 million tax-paying households in the US, each could receive around $5,000 if the proposal were approved. He argued that these dividends would compensate taxpayers for the “misuse” of their tax dollars and encourage them to report waste and fraud.
Fishback also believes the initiative would help rebuild trust between taxpayers and the government, boosting “tax morale.” In response, Musk stated on X that he would “check with the president” about the proposal.
On Tuesday, DOGE released a report claiming to have saved an estimated $55 billion due to cost-cutting measures. The department has been targeting waste, fraud, errors, and redundancies across federal agencies. It recently announced savings of over $1 billion by eliminating more than 100 contracts tied to diversity, equity, and inclusion initiatives.
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