If the independent calculations are correct, DOGE has cut $8 billion in government spending. 20% of that, divided amongst 350 million Americans, would be $4.57. If DOGE’s claims are correct (and they’re not), they cut $55 billion, which would be $31.43. Even if DOGE met it’s goal of $2 trillion, that would be $1,142.86, which would be a significant one time payment for a lot of Americans, but wouldn’t offset the loss of Medicaid, Medicare, Social Security, a functioning Post Office, etc.
And the other 80% to himself and his friends.
This is called a bribe. He doesn’t want to give any money out but he realizes that firing hundreds of thousands off people and robbing the government clean isn’t exactly a slam dunk policy, so instead he’s offering you as 2,500$ check to watch this happen.
Sick shit, really.
The initial claim of Musk was that Doge saves $2 trillion… That would be ~$1.2k per citizen.
But honestly I’d be surprised if that figure isn’t closer to $100 billion “saved”, which would net each american a <$60 cheque. And all of that money goes towards paying higher egg prices.
Edit: changed the numbers to reflect Trump’s claim.
If only! That’s <$300 total “savings,” but the proposal is to return only 20% of it, so something <$60
Damn, you’re right!
Anybody who believes that he would actually do this is someone who would fall for the wallet inspector.
Spend money on taxes to maintain important departments.
The government guts important departments and programs.
Gives just 20% of your taxes back.
Profit?
probably to one particular American citizen
Which is kind of crazy, if you think about it: The federal budget is coming from taxes. So the deal is that Trump is destroying valuable services of federal institutions and only 20% of the “savings” are getting passed on? While normal people will have to pay for stuff like the weather forecast?
Another 20% would go towards paying the federal debt. Ok, but that still leaves out 60%.
What do you suggest they do with the other 50%?
10% should probably go into a slush fund for the emergencies this is going to cause
What do we do with the remaining 25%?
Why do people think the federal budget comes from taxes?
The government prints money, pays for its budget, and THEN it taxes. It can’t wait for tax dollars to pay for the budget. Taxing is to make the dollar necessary and force its flow back to the government.
They mostly “burn” all your tax dollars…
Like the gvmt is not a company. It doesn’t have “obligations” and “revenue”. It fucking PRINTS the money. If any company could print money, they would stop giving a fuck about revenue instantly.
I’m not sure why you’re getting down voted for stating a fact: money has to be created through direct spending or back stopping the creation of money by private banks via the reserve system before it can be taxed away.
You can’t tax back something that doesn’t exist yet.
Just because it’s not “our tax dollars” doesn’t mean is isn’t OUR public money.
They are getting downvoted, because they are obviously wrong. Of course the government is “creating” the money. But it can’t just print money and spend it. Countless governments tried it and it always led to hyperinflation - and therefore the budget of course has to come from taxes
How is it wrong if it’s factually what happens now? People have a “common sense” understanding of how the government works, and THAT is wrong.
Ever since fiat became the norm, all governments all over the world that print their own money and have debts denominated in their own currency simply print money to spend, for their budget. That is a FACT.
Only countries that have the majority of their debt denominated in another currency (the dollar mainly) that face inflation when printing money.
The US and Europe printed trillions during covid, and that barely caused a blip in inflation. Inflation only came after supply chains shock and the war.
Like do some basic research, if I’m so obviously wrong it will be very easy to see…:
Idk why you are getting down voted, what you are saying is also how I largely understand things. Props to you for following through on replied.
Most people have fallen for neolib propaganda… of “we don’t have enough money for free universal healthcare”, “if you want free university we’ll need to raise taxes” etc etc.
They think the government is a household.
The US and Europe printed trillions during covid, and that barely caused a blip in inflation. Inflation only came after supply chains shock and the war. Like do some basic research, if I’m so obviously wrong it will be very easy to see…:
I still remember 2020 and 2022, it’s not that long ago. So Covid started to hit the US in spring 2020. And take a look at inflation rates:
Yeah, it took some time, but you really can’t deny that there was “barely a blip in inflation” and that it came only after the war started.
As I said, the initial inflation was caused by supply chains shock. Many countries had lockdowns. Like China, who produces the majority of everything anyone purchases around the world. Then when the lockdowns ended there was a shortage of shipping containers.
Inflation is caused when money is printed and sits in financialized investment. If it’s used to increase productivity it causes the opposite.
China has been running massive deficits (printing money like crazy) for over a decade and they have very consistent and low inflation.
Nah see, it only causes inflation when we help Americans with their student loans, or raise unemployment benefits and other social programs.
But when we bail out banks with hundreds of billions of dollars it doesn’t cause inflation at all…
It’s just that this argument, based on things that are not facts since the 70s, is used to cut social programs, investment in education, infrastructure etc.
When it makes no sense. The gvmt is not gonna go broke from paying its programs. It prints its own money, and all its debt is denominated in dollars.
We SHOULD cut military spending, subsidies to harmful industries, to private prisons, police forces etc. The way the money is spent SHOULD reflect the will of the people more.
But this argument about “revenue” and “public debt” are literally from the mouths of establishment neoliberal ghouls who have no objective other than enriching their friends. It’s not reality and is only used for harm.
Wouldn’t that cause inflation? Something you were campaigning to reduce?
20% of 0 is still 0, Donny-boy.
And a massive 100% of the “negative savings” (ie damages).
What’s your price? Do. Not. Cave.
The piece of shit doing this could give every American one million dollars and still have 150 billion
Fuck you…the asshole doing this could give every American one million and STILL be worth 150 billion. Fuck your saving,I want the govt for the people by the people.
If he gave everyone a million that would be like 400 million million… he’s not quite that rich
In other words,
400 billions… he is worth more than thatedit: I messed it up
A million million is an order of magnitude more than that.
1,000,000 x 1,000,000 =1,000,000,000,000
(1,000,000,000) is a billion for comparison)
The number x 400 would be like 400 trillion which I think is more than the gdp of the entire world.
Yeap, I messed it up
billion is a thousand millions, not a million millions
400 trillion
I would love to see that. It’s based on lies and we could see how much. Really how much.
And he and Elon keep the rest?
Where’s the other 80% going? It’s our tax dollars.
Into the pockets of the billionaires.
Not any more… Now it’s tax Rubbles, Riyal,and Crypto.
