Trump and the ‘D.O.G.E. dividend’: an economic revolution or a populist move?
The post Trump and the ‘D.O.G.E. dividend’: an economic revolution or a populist move? appeared on BitcoinEthereumNews.com.
Donald Trump, back at the White House as the 47th President of the United States, has introduced a series of initiatives aimed at reforming the country’s economy: among these, the idea of a “D.O.G.E. dividend”, linked to the Department of Government Efficiency (D.O.G.E.), a project promoted by Elon Musk with the goal of reducing administrative costs and improving the management of public spending. Donald Trump’s plan: dividends for citizens and debt reduction with D.O.G.E During an event in Miami Beach, Trump announced that 20% of the savings obtained from the D.O.G.E. will be redistributed to American citizens, while another 20% will be used to reduce the national debt. This proposal has quickly gained public and media attention, with many seeing it as an innovative strategy to return part of the wealth accumulated thanks to the government’s optimization measures. “We are talking about incredible numbers. A 20% dividend for the money we save by eliminating waste, fraud, and abuse is an excellent idea,” Trump stated. The idea of the “D.O.G.E. dividend” was initially suggested by James Fishback, a D.O.G.E. consultant, and later discussed on X (formerly Twitter) by Elon Musk, who stated that he would explore the proposal with Trump. According to a document published by Fishback himself, Musk’s department could save up to 2 trillion dollars by July 2026. If this happens, every American taxpayer could receive a check for 5,000 dollars. At the moment, the D.O.G.E. program has already generated savings of about 55 billion dollars, a figure that, if confirmed, could lend credibility to the initiative. The reactions of the community and the institutions As predictable, the proposal has sparked mixed reactions. While many Americans view favorably the idea of receiving a dividend resulting from governmental efficiency, others fear it may be a populist measure aimed at gaining…
Filed under: News - @ February 20, 2025 2:25 pm