Musk: "DOGE dividend" will not trigger inflation

PANews February 20th news, Trump said he was considering sending some of the money saved by Musk's cost cut plan directly to Americans, and James Fishback, co-founder of investment firm Azoria, earlier this week On social media, he suggested that the federal government issue tax refund checks based on the amount saved by the Department of Government Efficiency (DOGE), and he suggested that Trump should work with Congress to establish a "DOGE dividend" or tax refund check backed by $400 billion. The funding amounts to 20% of the $2 trillion DOGE saving target.

It is reported that Musk's team is working hard to implement significant budget cuts and layoffs in federal agencies. Musk said that "DOGE dividends" will not trigger inflation because funds come entirely from spending cuts, and the beneficiary groups are mostly taxes that are prone to savings. Man, his goal of cutting $2 trillion in federal spending is "the ideal result."