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Elon Musk, Chief Technology Officer of X, spoke onstage during the “Exploring the New Frontiers of Innovation” at the Lumiere Theatre.

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If these efforts are successful, it could mean youllpay less money to Uncle Sam.

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This number was reduced from an initial goal of achieving $2 trillion in savings.

Smaller teams mean less regulation and will spur risk-taking and economic activity.

Deregulation

Deregulationcould have a positive impact, but he said there could also be drawbacks.

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Unfortunately, this likely means more illegitimate activity, as well, he said.

I anticipate this may be a similar perspective at other levels of government.

Hopefully, government agencies adjust to fewer employees by increasing production and saving taxpayers money, he said.

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Ultimately, the total amount of money DOGE could save taxpayers remains to be seen.

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