Posted on 02/28/2025 1:34:06 AM PST by Libloather
The proposal for a “DOGE dividend,” which would distribute 20% of government savings to taxpayers, has gained support from President Trump and Elon Musk — and now it could potentially be enshrined in law, The Post has learned.
The 28-year-old hedge fund manager behind the idea, James Fishback, told The Post he met with Elon Musk last week and began meeting with lawmakers about his idea earlier this week.
“The president supports this and Elon likes the idea of incentivizing people to report waste, fraud, and abuse,” Fishback told me. “The proposed bill will be coming in the next few days.”
He added, “This approach will save taxpayers even more money — it would compound the returns that doge is finding.”
Under Fishback’s proposal, households that are net taxpayers — those who pay into the government more than they receive in benefits — would receive 20% of all DOGE’s saving.
Another 20% will go to paying down the national debt and the other 60% would likely be allocated to the budget each year (Fishback doesn’t explicitly state that).
According to his math that would mean roughly 79 million households would get a $5,000 check each if Musk is able to cut $2 trillion from the federal budget he’s estimated he can trim.
Fishback has previously suggested the first check would come when DOGE terminates in July 2026, but if it become law before then, he said, Americans could get a check even sooner.
The idea gained traction after Fishback initially posted about the idea on X.
(Excerpt) Read more at nypost.com ...
They should definitely lower taxes. Trump had mentioned no tax on overtime, that would really help me. I hope he follows through on this— Trump says a lot of things.
Only people who a ‘net taxpayers’ would get a check
Ditto
And the $5000 must be tax exempt.
And the American people, who have had their livelihoods stolen from them by politicians deserve some restitution.
I’m personally going to consider 5k back as a small payment for “TECH SUPPORT” rendered by an American taxpayer. American taxpayers are now ALL “TECH SUPPORT” so let’s get with it and keep this ball rolling.
I think, the whole thing should go to pay the debt!
We are broke!
Not households...taxpayers!...regardless of filings.
Sadly, everybody loves some good ole Government tit money. Just print some more and give it away. What a stupid idea.
Article says households, not individuals. These guys haven't hardly cut at all. The largest expenditures are the four horsemen of the budget: SSI, DoD, Medicare, Medicaid. Then interest on debt.
Gimmicks right now, to cut 2 Trillion would be cuts on those, that hasn't happened. These guys saying massive cuts are sounding like used car sales men.
You cut 2 Trillion in a year, you will have to use any extra revenue to handle a massive recession. We've been propping up the economy with extra spending for decades.
The best dividend you could give the US Citizen is the replacement of the income tax with a consumption tax.
What it would cure, in very short order, is the distortion in the money supply. A relatively high consumption tax would get people to direct their extra windfall toward saving and paying their way out of the holes they’ve made.
Between tariffs and consumption tax, the amount you pay in tax becomes discretionary instead of compulsory. The money placed in savings would come out of the money supply, taking the pressure of using interest rates as a means of regulating inflation.
Also, it’s not going to ‘cost’ the government anything. I very much dislike the USG giving me a check knowing at this point that money is still borrowed.
Get to the point where it is a real dividend. Repeal Income Tax. Stand back and watch the economy expand organically.
House, hold not individuals
We wouldn’t be getting back a piece of “our money”, -just a taste of the huge deficit we have. Let them apply any savings to the national debt and stop the insane spending level we have.
A dumb idea. Any “give back” from any DOGE results, savings, will come to all taxpayers by way of not needing higher taxes to pay off all the debt. That’s good enough.
+1
This law would engage the public and incentivize efficiency.
Right now there’s only motivation to spend more and more money that we don’t have. The only people against this are liberals who want massive government because its the weapon they use to control us.
Musk is a business guy, like Trump. They will always be optimistic about everything.
Some sort of audit needs to happen on DOGE savings. Claims of big numbers are headed towards needless humiliation if that money is not there.
Firing probationary employees has merit for sure, but they do not tend to be at the high end of the salary scales. Is big money really going to be found from this? I would guess someone is using “average pay for a Federal worker” to do the calculation and probationary types are far below the average pay level.
The key to understanding federal personnel cuts is that that means there are less employees cranking out regulations that cripple productive Americans.
That in turn will jump start the economy which will generate big numbers in new tax revenue.
Static state budget analysis is very misleading.
But quantifying that would be imagination.
When you start talking about dollars refunded and dollars into the debt, those numbers will not be imagination.
An audit has to measure what DOGE claims. Concrete results, not ideological or imaginary.
We need both detailed numbers and a little “imagination”.
We can walk and chew gum at the same time.
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