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 ...
The problem is we have a congressional election in 2026.
Voters need proof the savings happened—and long boring position papers is not going to get it done.
yes, I know it says households, but if you ask the common person for whatever reason since it was a tweet, they all think that everyone is gonna get $5000 the way people got money during Covid. There are 79 million tax paying households in the United States and if you multiply that by $5000, that’s about $400 billion. There is no way that Elon Musk is going to cut that much money so I just don’t understand why people think this is going to happen.
yes, I know it says households, but if you ask the common person for whatever reason since it was a tweet, they all think that everyone is gonna get $5000 the way people got money during Covid. There are 79 million tax paying households in the United States and if you multiply that by $5000, that’s about $400 billion. There is no way that Elon Musk is going to cut that much money so I just don’t understand why people think this is going
So if I own my own house, and only my name is on the mortgage, would the check be made out to me regardless of who lives with me?
Taxpayers receiving back $5,000 of their own money is a great idea.
Why should taxpayers be on the hook to pay a debt run up by thieves? Identify the thieves and seize their homes, cars, bank accounts and investments. Use that to pay the debt.
So the game is spamming stuff against the wall to overload the system. Just look the mistakes in firing and accounting. AI is Always Incorrect until proven otherwise.
HOW about those of us who paid taxes for YEARS & YEARS who are now retired?
MY SOC Sec -—WHEN calculated as an hourly wage==$8.60 an hour.
MY 2025 COL INCREASE===21 CENTS PER HOUR
IF ONLY COUNTING SPECIFIC TAXPAYERS AT A CERTAIN MOMENT IN TIME=== FORGETTING ABOUT THOSE WHO PAID TAXES FOR MANY.MANY, MANY YEARS and are now retired.
Guess we will just have to wait and see. At the rate Musk is identifying all the waste and then the claw back it may well be doable.Hes been at it for less than a month and the money that has stopped going out is no small amount.
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