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Elon Musk wants to give $5,000/family to Americans

The money will come from the $2 trillion budget savings that the DOGE Ministry has sifted through from government agencies.

Fortune reports that Elon Musk will “talk to US President Donald Trump” about the idea of ​​giving $5,000 to every US household from the $2 trillion in budget savings that DOGE has sifted through from government agencies.

In a Twitter-X post, billionaire Elon Musk said he would come up with the idea of ​​a “DOGE Dividend” in response to a proposal by James Fishback, CEO and co-founder of investment firm Azoria.

According to Fishback’s calculations, if DOGE achieves its goal of saving $2 trillion, the US government could use 20% of this amount, equivalent to $200 billion, to redistribute to the people, which means $5,000 for each household.

The remaining 80% will be used by DOGE to pay down the national debt, which currently stands at over $36 trillion. Fishback’s calculations are based on 79 million households that have filed federal taxes.

DOGE’s official website claims that the agency has generated $55 billion from reviewing department budgets and saving the government money. However, many newspapers such as the New York Times have criticized the accuracy of this figure, for example, a supposed $8 billion DOGE savings was actually only $8 million.

DOGE has yet to provide any documentation to prove this $55 billion.

In addition, Elon Musk’s move may face opposition from Parliament as many lawmakers want to use the savings to pay off the national debt, while others want the money to be used to extend the tax cut program for people that is about to expire.

For Fishback’s part, the money is not an “economic stimulus program” but simply a “compensation” to people when their tax money is misused.

“The criteria we care about is whether you paid your federal taxes. If you did, you deserve compensation. If you didn’t, it doesn’t matter. Taxpayers deserve compensation when they don’t feel they’re getting fair value for their tax dollars,” Fishback said.

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**Breaking News: Tesla Falls Behind as Musk’s SpaceX Surges Ahead** In a stunning turn of events, Tesla is no longer the crown jewel of Elon Musk’s empire, as SpaceX has officially surpassed the electric vehicle giant in value for the first time in five years. Musk’s fortune, once heavily anchored by Tesla, has shifted dramatically following a series of alarming developments. Musk’s financial landscape took a hit after he funneled over $200 million into Donald Trump’s re-election campaign, but he rebounded quickly, briefly becoming the world’s first $400 billion individual. However, Tesla’s stock has since plummeted by 50%, exacerbated by disappointing delivery numbers and concerns over Musk’s divided attention as he juggles his new role in the Trump administration. Recent reports indicate that Tesla’s revenue growth has stagnated to a mere 1% in 2024, while net income has declined for the second consecutive year. Meanwhile, shocking drops in vehicle sales have been documented across key markets, including Germany, China, and Australia. As public sentiment turns against Musk, protests have erupted at Tesla dealerships nationwide, amplifying the urgency of the situation. The turmoil doesn’t end there. Musk’s appeal of a Delaware court ruling that invalidated a lucrative pay package has further complicated his financial stability. Forbes has slashed the value of Musk’s stock options by 50%, revealing that his stake in Tesla is now worth $97.8 billion, significantly less than the soaring valuation of SpaceX. With SpaceX’s value now estimated at $147 billion—almost $20 billion more than Musk’s Tesla holdings—this shift marks a seismic change in Musk’s financial narrative. SpaceX’s revenue surged by 51% to $13.1 billion in 2024, buoyed by the booming Starlink satellite internet service. As the dust settles, it’s clear that Musk’s fortunes are in flux, and the landscape of his empire is shifting dramatically. Stay tuned as we continue to monitor these developments closely.

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