Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Elon Musk considers 'DOGE dividend' that would send $5,000 check to all Americans following massive budget cuts
Daily Mail ^ | 2-18-25 | Stephen Lepore

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 ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: debt; deficit; dividend; doge; inflation; nlz; stupid; trump; yeahright
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-89 next last
To: Strict9

I love the idea but would only give money back to those who it was taken from namely US tax payers.


41 posted on 02/19/2025 1:18:16 AM PST by McGruff (Biden will go down in history as the worst president ever.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Owen

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.


42 posted on 02/19/2025 1:48:17 AM PST by erlayman (E )
[ Post Reply | Private Reply | To 18 | View Replies]

To: Strict9

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.


43 posted on 02/19/2025 1:58:27 AM PST by Revel
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9
Limit this payment to the taxpaying citizens.(ie those who actually pay as opposed to those that get a “refund” more than was withheld from payroll)
44 posted on 02/19/2025 2:00:42 AM PST by BOBWADE (God Bless America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

There’s poetic justice here in that the Ice Cream Kid was giving $5000 debit cards to every illegal coming across


45 posted on 02/19/2025 2:24:03 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
[ Post Reply | Private Reply | To 1 | View Replies]

To: RandallFlagg

Not one damned penny to Congress members or any of their individual family members!!!!

YES, cut the Biden family off for a start!!


46 posted on 02/19/2025 2:27:38 AM PST by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Strict9

No problem.
Send me the check.👍


47 posted on 02/19/2025 2:30:54 AM PST by MotorCityBuck (Keep the change, you are filthy animal! )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

NO, not to ALL. To TAXPAYERS ONLY.


48 posted on 02/19/2025 2:31:19 AM PST by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

I want a refund on the last 50 years of being ripped off even though I’m now retired.


49 posted on 02/19/2025 2:47:39 AM PST by BlackbirdSST (Trump or Bust! Long live the Republic.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: enumerated

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.


50 posted on 02/19/2025 2:53:14 AM PST by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
[ Post Reply | Private Reply | To 40 | View Replies]

To: Strict9

Use that money to bring down the national debt. Paying citizens will merely encourage corruption among those doing the paying.


51 posted on 02/19/2025 3:17:14 AM PST by RoosterRedux ("There's nothing so inert as a closed mind" )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

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.


52 posted on 02/19/2025 3:23:43 AM PST by albie (U)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

How about proportion it based on our last 5 years’ income taxes? Or would that be too fair?


53 posted on 02/19/2025 3:30:53 AM PST by Hazwaste (Socialists are like slinkies. Only good for pushing down stairs.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: vmpolesov

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


54 posted on 02/19/2025 3:34:33 AM PST by RummyChick
[ Post Reply | Private Reply | To 21 | View Replies]

To: Responsibility2nd

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.


55 posted on 02/19/2025 3:41:27 AM PST by jimjohn (We're at war, people. Start acting like it.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Strict9

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.


56 posted on 02/19/2025 3:44:14 AM PST by fruser1
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strict9

Isn’t that how we got inflation in the first place by the massive Covid funds most received? Put it towards the debt!


57 posted on 02/19/2025 3:52:35 AM PST by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Responsibility2nd
Great. And as a senior citizen, I’d also ask that they STOP taxing Social Security benefits.

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.

58 posted on 02/19/2025 3:53:40 AM PST by Mopp4 ("It is a cruel world, Herr Hauptman. You said it yourself.")
[ Post Reply | Private Reply | To 9 | View Replies]

To: Professional

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.


59 posted on 02/19/2025 4:00:23 AM PST by Tolerance Sucks Rocks (FBI out of Florida!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Responsibility2nd

and raise the standard deduction to one million dollars


60 posted on 02/19/2025 4:01:01 AM PST by SisterK (it's controlled demolition)
[ Post Reply | Private Reply | To 9 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-89 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson