February 22, 2025 — The “DOGE dividends” that Elon Musk is promoting are beyond absurd. I’m not even completely sure that the Musk-Trump team will succeed in cutting government spending on net. But assuming it does,
- the savings will not be enough to fund the renewal of the 2017 tax cuts, which Trump has pledged to do,
- let alone also finance the new tax cuts he promised in the campaign (e.g., exempting tips),
- let alone eliminate the budget deficit,
- let alone pay down the debt.
Even if he does just some of the tax cuts he has promised, he won’t have any money left over for a DOGE rebate.
“Economists Reveal the Truth Behind Musk and Trump’s ‘DOGE Dividends’,” The Daily Beast, Feb. 20, 2025.
“Trump’s tax cuts and Musk’s Doge show they have no idea about US debt,” the Guardian, Nov. 21, 2024.