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It was their money in the first place!
Since then, both Elon Musk and President Donald Trump have both aired it as a possibility.
Trump is certainly no stranger to economic stimulus payments.
But that doesnt mean the DOGE dividend would work just like his COVID-19stimulus checks.
Who Would Be Eligible?
The tax rebate would only go out to American households who pay net-positive taxes.
Low- and moderate-income households often collect more in tax credits than they pay in taxes.
So, these taxpayers would not be eligible for a DOGE dividend check.
While DOGE dividend is a redistribution of wealth, as a tax rebate it would exclude lower earners.
At a time when inflation continues burning hot, would further stimulus throw more gasoline on the fire?
Fishback argues that it wouldnt.
He claims that taxpaying households are more likely to save and invest the money or pay down debts.
Not every financial expert agrees.
I believe the inflation impact would be significant, said budgeting and personal finance expert Aaron Razon ofCouponSnake.
That in turn raises demands, drives up prices, and potentially leads to more disruptions in distribution chains.
I dont see DOGE dividends happening, Camberato added.
Even with the cuts DOGE is making, were still running at a deficit.
It doesnt make financial sense to cut and then continue to give money away.
Lucas Barcelo, founder of insurance corporationThrivin Life, isnt so sure.
The Trump Administration has a lot to prove.
He added that the administration needs some early wins with the public to build momentum.
Whether DOGE dividends come to pass or not, dont loosen your budget.
Razon observed: These kinds of speculative proposals can give Americans a false sense of security.
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