Posted on 02/18/2025 9:50:32 PM PST by Strict9
Musk replied, curious, but said that he 'will check with the President.'
Fishback added: 'American taxpayers deserve a 'DOGE Dividend': 20% the money that DOGE saves should be sent back to hard-working Americans as a tax refund check.'
'It was their money in the first place! At $2 trillion in DOGE savings and 78 million tax-paying households, this is a $5,000 refund per household, with the remaining used to pay down the national debt. Elon Musk, let's do this! This is how we rebuild trust in our government.'
(Excerpt) Read more at dailymail.co.uk ...
I love the idea but would only give money back to those who it was taken from namely US tax payers.
Even Elon admitted 2 trillion would be a best case scenario. They haven’t found or recovered it yet but there is no doubt now that is where this is headed for DOGE or whatever entity succeeds it.
This is actually not very responsible at all. And it certainly won’t be money saved at that point. If this is done then it still goes onto the national debt.
There’s poetic justice here in that the Ice Cream Kid was giving $5000 debit cards to every illegal coming across
Not one damned penny to Congress members or any of their individual family members!!!!
YES, cut the Biden family off for a start!!
No problem.
Send me the check.👍
NO, not to ALL. To TAXPAYERS ONLY.
I want a refund on the last 50 years of being ripped off even though I’m now retired.
This is the best question I have seen anyone ask so far.
When there’s not enough money from taxes, the government borrows it. It does this by selling bonds, which are like IOUs. People, banks, and even other countries buy these bonds, lending money to the government with the promise that the government will pay it back with interest.
So, in very simple terms, the U.S. national debt is like a big tab that’s been run up over time because the government has consistently spent more than it’s taken in, and it borrows to cover the difference. Each year, if the government doesn’t balance its books, the debt grows.
About 2 years ago Janet Yellen help a bond auction and no one would buy those bonds. The Federal Reserve stepped in and bought them, so the printing presses could go ‘whir’ at the Treasury. The Federal Reserve held those bonds and eventually got them off their balance sheet. The accounting ‘trick’ kept the Biden regime from a full out default. As of the most recent data, Japan holds the most U.S. Treasury securities, making it the largest foreign holder of U.S. bonds. About 1.15 Trillion.
Asked Grok for the breakdown:
Here’s a breakdown of who holds the rest of the U.S. national debt:
Foreign Countries:
China: The second largest holder with about $749.0 billion in U.S. Treasuries.
United Kingdom: Third, with approximately $690.2 billion.
Luxembourg: Holds about $373.5 billion.
Canada: Owns roughly $328.7 billion.
Other foreign countries hold varying amounts, with the total foreign ownership being around $7.9 trillion as of April 2024.
Domestic Holders:
The Federal Reserve: Owns about $5.24 trillion, making it the largest domestic holder.
U.S. Government Trust Funds (like Social Security, Medicare, etc.): These intragovernmental holdings are significant, with Social Security trusts alone holding $2.71 trillion as of December 2022. The total intragovernmental debt was around $7.0 trillion in December 2023.
Mutual Funds and Pension Funds: Hold a substantial portion, with mutual funds owning about 20% of debt not held by the Federal Reserve, and private pension funds around 4%.
Insurance Companies: Own about 3% of the domestic debt not held by the Federal Reserve.
Depository Institutions (Banks): Own about 13% of domestic debt not held by the Federal Reserve.
State and Local Governments: Also have holdings, though less compared to the above, at around 13% of domestic debt not held by the Federal Reserve.
Individuals: U.S. citizens and other domestic investors hold debt through various means like U.S. Savings Bonds.
Other Domestic Investors: This includes corporations, private investors, and other entities within the U.S., but specific breakdowns for these groups can vary.
In summary, while foreign countries hold nearly $7.9 trillion, the majority of the U.S. national debt is held domestically, with significant portions held by the Federal Reserve, various government trust funds, and a mix of U.S. financial institutions and private investors. The total national debt as of January 2025 was over $36.2 trillion, with public debt (debt held by the public) at about $28.88 trillion, and the rest being intragovernmental debt.
Lastly...please keep in mind that THE FEDERAL RESERVE is not a government entity. It is a private bank.
Use that money to bring down the national debt. Paying citizens will merely encourage corruption among those doing the paying.
This would be monumental. Huge albeit temporary boost to the economy! Beating the crap out of the occasional $600+/- they send out every few years.
How about proportion it based on our last 5 years’ income taxes? Or would that be too fair?
Perhaps chess move. We saved you billions by finding fraud no one else would or could tackle. Obama people have claimed they tried but couldn’t do it
So now we want to give some back to the people it was stolen from
But then Dems refuse to provide it to you. Judges refuse to allow it
If handled right it could blow up the Dems in next election
Frankly, I would trade it in for a full repeal of the 16th amendment. Thinking about out grandkids and their kids.
But yeah, your proposal is good,too.
So, the the kid who got his first McDonalds job at age 16 that paid a couple hundred bucks in federal income tax will get the same 5k that a 65 y.o. small business owner who has paid a couple million in federal income taxes will get.
Gotta love those socialist redistribution ideas.
Isn’t that how we got inflation in the first place by the massive Covid funds most received? Put it towards the debt!
I'm for this as well ! It continues to baffle me why I have to pay taxes on money paid to me that was taken from me as taxes in the first place.
I’d like the 5 grans, but that’s also fine with me. Just reducing the deficit by 2 trillion, should Congress act on the recommendations, will lower the inflation tax.
and raise the standard deduction to one million dollars
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