maybe $5,000 doge checks for americans?

[InternetKing]

Source: https://www.msn.com/en-us/money/ret...&cvid=0947236f071b4fb99b39ad7537321965&ei=116

What Is MyDogeDividend? What to Know About Stimulus Check Website​

A website has been created to address benefits and common questions regarding a proposed stimulus check to be sent to American families from Department of Government Efficiency (DOGE) savings.

Why It Matters​

DOGE is a new department created under President Donald Trump that is looking to reduce federal costs. Led by billionaire Elon Musk, the department has recommended mass layoffs in the federal government as a means to eliminate $2 trillion yearly in funding to major U.S. agencies.


Azoria investment CEO James Fishback has proposed that Americans should receive a stimulus check from some of the savings, and he recently created a Google Doc accessible from the website mydogedividend.com that addresses the benefits and common questions related to the argument. (admin note - see pdf attachment for that)





Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik/Getty© Andrew Harnik/Getty

What To Know​

Americans haven't received stimulus checks en masse since 2021, and some are hoping the DOGE cuts could open the door to new payments.

What Is MyDogeDividend?​

MyDogeDividend is a website created by Fishback that outlines a possible way to return a portion of DOGE savings to American taxpayers. According to DOGE, the department is allegedly achieving $1 billion in savings per day.

In the Google Doc, Fishback proposes that DOGE should send a tax refund check to American families. The check would be "funded exclusively with a portion of the total savings delivered by DOGE."


Fishback proposes that 20 percent of DOGE's total savings, estimated to be $400 billion by the time of its expiration, should be sent to 79 million households that pay federal income tax. This would equate to roughly $5,000 per household.

According to the DOGE Live Tracker, DOGE has saved $51 billion since it was created.

Will Americans Receive Refund Checks?​

As of February, no Americans are receiving refund checks from DOGE. Neither Trump nor Musk have confirmed that such stimulus checks will happen, but both have said they are considering the idea.

Fishback said he is "honored" that the president supports his proposal, but he stressed that Trump deserves the credit.


"None of this would've been possible without his leadership, and he deserves the credit for this policy," Fishback told Newsweek.

When Might Americans Receive Stimulus Checks?​

If the stimulus checks become realty, Fishback proposes that they be sent to American families after DOGE's expiration date in July 2026.

What People Are Saying​

Fishback's MyDogeDividend.com proposal: "With DOGE reportedly achieving $1 billion in savings per day, 2 President Trump has an opportunity to work with Congress to take DOGE one step further and deliver what we at Azoria call the "DOGE Dividend," a tax refund check to be sent after the expiration of DOGE in July 2026 funded exclusively with a portion of the total savings delivered by DOGE."

Steve Hanke, a professor of applied economics at Johns Hopkins University, who served on President Reagan's Council of Economic Advisors, previously told Newsweek: "Inflation is always caused by changes in the money supply. I know of no significant increases in inflation that have not been preceded by a significant increase in the stock of money."


Kimberly Clausing, economist and professor at the UCLA School of Law, previously told Newsweek: "Right now this dividend is pure fantasy, as they've shown very little in the way of concrete budget savings. While their government layoffs will cause a lot of mayhem in terms of the provision of government services in areas like forest management, public safety, and tax filing, they will not make an important dent in the budget deficit, for the simple reason that personnel costs are a tiny fraction of the US federal budget."

What Happens Next​

Fishback's proposal remains in its early stages and would require congressional approval before any checks are issued.

Fishback told Newsweek that he's currently in Washington, D.C., to further discuss his proposal and has met with officials in the federal government. The situation is "fluid," and more details will come as talks continue, he said.


Fishback added that he hopes to get feedback from Republicans and Democrats.

"This is a policy supported by a Republican president, but the check will go to Democrat constituents. We want to make sure we get good feedback and incorporate that feedback," he said.

 

[Creeper]

Assuming only those who pay taxes get a refund, then $5000 per taxable return would amount to $550 billion. DOGE has to find a lot more waste, although I think they can do it.

 

[Doomsday]

Lack of understanding on the part of the Trump team that our current enswirlment in stagnant inflation has its husbandry in Biden's covid "stimulus." And then the Biden menstruation monetary policies gave it the legs and staying power it has.

Flood the economy with 1000s of dollars per person guarantees long running higher prices due to increased demand. Which the Fed will respond again with higher interest rates and feed the monster even that much more.

It's folly to repeat Biden's mistakes. Any savings realized needs to be used to pay down the debt

 

[dbair1967]

Lack of understanding on the part of the Trump team that our current enswirlment in stagnant inflation has its husbandry in Biden's covid "stimulus." And then the Biden menstruation monetary policies gave it the legs and staying power it has.

Flood the economy with 1000s of dollars per person guarantees long running higher prices due to increased demand. Which the Fed will respond again with higher interest rates and feed the monster even that much more.

It's folly to repeat Biden's mistakes. Any savings realized needs to be used to pay down the debt

This would be completely different than what Biden did, there's absolutely nothing in common.

Biden printed money to send to people (tax payers and non tax payers), this is not what this is.

 

[dbair1967]

The above said, I do think the better idea is to take all the money that's being recovered or ceased to be spent on stupid stuff and use those funds to eliminate the IRS and Federal Income Tax.

I'd much rather see that than a 5k check (or whatever the amount might end up being)

 

[Doomsday]

This would be completely different than what Biden did, there's absolutely nothing in common.

Biden printed money to send to people (tax payers and non tax payers), this is not what this is.

It makes no difference where the "money" comes from, it's still going to increase demand in a huge way and WILL create inflation.

 

[dbair1967]

It makes no difference where the "money" comes from, it's still going to increase demand in a huge way and WILL create inflation.

So in your mind, you think there is no difference between the government printing money that they don't have vs consumers pumping their own money into economy.

You're also making an assumption that a few thousand bucks in people's pockets creates a significant "demand" issue, and you have no way to prove that. There are massive quantities of high dollar ticket items sitting around today in stores and retailer's warehouses. TV's, computers, appliances, cars etc etc. Spending money on those is not going to create some sort of inflation "problem". People are more likely to spend on those types of things, or spend it on vacations/travel etc etc and that is not going to hurt the economy.

 

[Doomsday]

in your mind, you think there is no difference between the government printing money that they don't have vs consumers pumping their own money into economy

Functionally, no. Because you've done nothing to reduce debt or the deficit.

You're also making an assumption that a few thousand bucks in people's pockets creates a significant "demand" issue, and you have no way to prove that. There are massive quantities of high dollar ticket items sitting around today in stores and retailer's warehouses. TV's, computers, appliances, cars etc etc. Spending money on those is not going to create some sort of inflation "problem". People are more likely to spend on those types of things, or spend it on vacations/travel etc etc and that is not going to hurt the economy

Every time there's been "stimulus" whether it be significant tax cuts or physical checks getting cut, this is money that gets quickly spent causing inflationary pressures. It's not an assumption, it's happened every time. Biden was the first one to prove it out in such a massive scale and we're still standing in his inflationary muck.

 

[dbair1967]

Functionally, no. Because you've done nothing to reduce debt or the deficit.
Every time there's been "stimulus" whether it be significant tax cuts or physical checks getting cut, this is money that gets quickly spent causing inflationary pressures. It's not an assumption, it's happened every time. Biden was the first one to prove it out in such a massive scale and we're still standing in his inflationary muck.

Inflation went up to stupid levels under Biden because the numnutz drastically reduced oil and gas production on the first day of his administration, which resulted in massive price increases everywhere trickling down because of increased fuel prices.

Trump reduced inflation in his first term in large part from massive increases in fuel and energy availability, and that's why he has made that a priority now.

The stimulus checks themselves (which were peanuts anyway) had minimal impact on overall inflation and it did nothing to "jumpstart" the economy, which is what those idiots claimed it would do.

But printing money is far worse than just minute inflation caused by some minimal demand increases.

Do you see inflation spike every yr after tax season when millions of people get "refunds" ?

 

[yimyammer]

Printing money has gotta stop, unfortunately, Trump didn’t veto the 8 trillion stimulus package and that seemed to open the door for Biden to print another 8 trillion as well

I wish Trump had the courage to veto that damn Covid stimulus package. I read through part of it and there was over $1 billion dedicated to the Smithsonian Institute. It was chock full of bullshit.

Now is not the time for refund checks either. Get the damn national debt down to nothing and then we can talk refund checks, better yet start taking less money from Taxpayers to begin with

 

[Creeper]

Lack of understanding on the part of the Trump team that our current enswirlment in stagnant inflation has its husbandry in Biden's covid "stimulus." And then the Biden menstruation monetary policies gave it the legs and staying power it has.

Flood the economy with 1000s of dollars per person guarantees long running higher prices due to increased demand. Which the Fed will respond again with higher interest rates and feed the monster even that much more.

It's folly to repeat Biden's mistakes. Any savings realized needs to be used to pay down the debt

Yes, sending out $5000 checks to taxpayers would be inflationary in the short term although when it comes to prices, what goes up does not come down.

I would rather they cut the deficit, pay down the debt a little to strengthen the dollar, and maybe fix the tax system or ditch it altogether.

 

[Creeper]

Inflation went up to stupid levels under Biden because the numnutz drastically reduced oil and gas production on the first day of his administration, which resulted in massive price increases everywhere trickling down because of increased fuel prices.

Trump reduced inflation in his first term in large part from massive increases in fuel and energy availability, and that's why he has made that a priority now.

The stimulus checks themselves (which were peanuts anyway) had minimal impact on overall inflation and it did nothing to "jumpstart" the economy, which is what those idiots claimed it would do.

But printing money is far worse than just minute inflation caused by some minimal demand increases.

Do you see inflation spike every yr after tax season when millions of people get "refunds" ?

Higher prices is a symptom of inflation, but it is not necessarily inflation. When the price of oranges goes up because of a cold winter in orange producing states, that is not inflation, nor does it cause inflation. But when the government spends money then prints more to cover the debt, that is real inflation and it never goes away.

And at the same time, printing money causes interest rates to go up. Lenders don't like getting paid back with freshly minted dollars that are worth less than what they lent. So lenders demand higher returns on their loans.

Printing money is evil.

 

[Doomsday]

when it comes to prices, what goes up does not come down

Exactly.

 

[dbair1967]

Higher prices is a symptom of inflation, but it is not necessarily inflation. When the price of oranges goes up because of a cold winter in orange producing states, that is not inflation, nor does it cause inflation. But when the government spends money then prints more to cover the debt, that is real inflation and it never goes away.

And at the same time, printing money causes interest rates to go up. Lenders don't like getting paid back with freshly minted dollars that are worth less than what they lent. So lenders demand higher returns on their loans.

Printing money is evil.

That was the point I was trying to make to Amigo Dooms

 

[cml750]

Meh, just use the money savings to try to reduce the deficit with the end goal of balancing the budget.

 

[InternetKing]

Higher prices is a symptom of inflation, but it is not necessarily inflation. When the price of oranges goes up because of a cold winter in orange producing states, that is not inflation, nor does it cause inflation. But when the government spends money then prints more to cover the debt, that is real inflation and it never goes away.

And at the same time, printing money causes interest rates to go up. Lenders don't like getting paid back with freshly minted dollars that are worth less than what they lent. So lenders demand higher returns on their loans.

Printing money is evil.

That was the point I was trying to make to Amigo Dooms

well speaking of printing money, see post here...

Trump Second Term Thread

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