Elon Musk: The head of the Department of Government Efficiency (DOGE), is exploring a scheme to issue $5,000 checks to American taxpayers, termed the “DOGE Dividend.”
This initiative was suggested by investment firm CEO James Fishback, which involves allocating 20% of DOGE’s projected $2 trillion savings to approximately 79 million tax-paying households. Musk has indicated plans to discuss this with President Donald Trump also.
However, the proposal faces significant challenges, including the need for congressional approval, potential inflationary effects, and legal scrutiny surrounding DOGE’s operations. As of now, DOGE reports $55 billion in savings, a fraction of its ambitious target.
