🚀Elon Musk’s $5,000 DOGE Stimulus: Fading Hopes for Most Americans
A bold promise of a $5,000 "DOGE Dividend" tied to federal savings is now slipping out of reach for millions of Americans. Originally pitched by Elon Musk under President Trump’s administration, the plan aimed to return 20% of government cost-cutting savings to taxpayers through a new department called DOGE — the Department of Government Efficiency.
Musk once projected DOGE could save up to $2 trillion, meaning a $400 billion payout — or about $5,000 per taxpayer. But those savings have fallen far short. At an April meeting with Trump, Musk revised the estimate down to just $150 billion in savings, shrinking the payout to around $375 per person — and even that was short-lived.
The latest government estimate puts potential payouts at $1,000, and even that is only for qualifying taxpayers. According to James Fishback, the investment executive behind the check idea, only “net taxpayers” — those who pay more into the system than they receive — will see any money. Households earning under $40,000 annually are largely excluded.
Political uncertainty also threatens the plan. With inflation concerns and Republican opposition mounting, there's no guarantee the payments will be approved by Congress. House Speaker Mike Johnson criticized the stimulus, citing the country’s massive debt. Meanwhile, economic analysts are split on whether the plan would fuel inflation.
For now, the DOGE Dividend remains just a concept — and one that’s shrinking by the day.
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Musk once projected DOGE could save up to $2 trillion, meaning a $400 billion payout — or about $5,000 per taxpayer. But those savings have fallen far short. At an April meeting with Trump, Musk revised the estimate down to just $150 billion in savings, shrinking the payout to around $375 per person — and even that was short-lived.
The latest government estimate puts potential payouts at $1,000, and even that is only for qualifying taxpayers. According to James Fishback, the investment executive behind the check idea, only “net taxpayers” — those who pay more into the system than they receive — will see any money. Households earning under $40,000 annually are largely excluded.
Political uncertainty also threatens the plan. With inflation concerns and Republican opposition mounting, there's no guarantee the payments will be approved by Congress. House Speaker Mike Johnson criticized the stimulus, citing the country’s massive debt. Meanwhile, economic analysts are split on whether the plan would fuel inflation.
For now, the DOGE Dividend remains just a concept — and one that’s shrinking by the day.
$BTC
$ETH
$SOL
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