Elon Musk Considers MAGA Financier's Proposal for 'DOGE Dividend'
James Fishback, an investor and advisor to Dogecoin (DOGE), has proposed a plan to distribute 20% of government cost savings as "DOGE dividend" checks to American households. Elon Musk, the CEO of Tesla and Twitter, has indicated that he will discuss the proposal with former President Donald Trump.
Fishback's plan aims to return a portion of savings from the government's proposed cost-cutting measures to taxpayers. According to Semafor, Fishback has met with representatives of several Republican senators, including Rick Scott and Roger Marshall, and plans to discuss his proposal further in Washington, D.C. this week.
While the proposal has sparked interest, it faces challenges. Musk has acknowledged that DOGE's value is unlikely to reach the $2 trillion target set by Fishback, which would be necessary to fund $5,000 rebates to 79 million households. Additionally, Republicans are facing budgetary constraints as they consider extending Trump's tax cuts.