James Fishbek, an investment manager who briefly works with Vivek Ramaswamy on the ministry of the Government Government (Doge), says the idea of Doge Dividend Payments came to his dream.
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FishBack for the first time tweets this on X in February: “American taxpayers deserve” Doge Dividend “: 20% of the money Doge saves, they need to be sent back to hardworking Americans as a tax reimbursement. That was their money first! “Since then, both Elon Musk and President Donald Trump have broadcast him as an opportunity.
Trump is certainly not unknown to economic incentive payments. But this does not mean that the dividend of the Dogi will work just like his checks to stimulate Covid-19.
The tax discount will only come out for American households who pay net positive taxes.
Hosts with low and moderate incomes often collect more tax loans than pay taxes. The Tax Foundation indicates that the lower 50% of US workers pay approximately 3% of the total individual income taxes collected by IRS.
An analysis of the Pew Research Center found that taxpayers who earn less than $ 40,000 usually collect more tax loans than pay taxes. So, these taxpayers would not be entitled to a dividend check.
While Doge Dividend is a redistribution of wealth, as a tax discount, this would exclude the worse workers.
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One of the reasons the US had high inflation as a result of the pandemic was overstimulus and flooded the market with too much money. At a time when inflation continues to burn hot, would it stimulate further to throw more gasoline on the fire?
Fishback claims it would not. He claims that it is more likely that households of taxes save and invest money or pay debts.
Not every financial expert agrees. “I believe the impact of inflation would be significant,” said Couponsnake budget and personal finance expert. “If a large amount of taxpayers is distributed, a few will invest it, but they would increase their costs a lot. This in turn increases the requirements, increases prices and potentially leads to more interruptions in distribution chains. “
Joseph Camberato, CEO of National Business Capital, agreed: “We all saw what happened when the government was distributing stimulus inspections during Covid. The impact will be less this time as this is a one-time payment instead of a steady flow of money, but it will still add extra money to the economy, which is pushing prices. “