No $5,000 DOGE Dividend: Why Your Stimulus Payment Won’t Happen?

No $5,000 DOGE Dividend Why Your Stimulus Payment Won’t Happen

You should accept the fact that a $5,000 “DOGE check” is unlikely to materialize, if you have ever seen such headlines.

What appeared to be a chance to gain additional funds due to government budget cuts has been forgotten, despite the rising tide of anticipation stoked by rumors and conjecture on social media.

“DOGE checks” are now simply another digital-age dream with no actual foundation or official support.

The notion of a “DOGE dividend” originated from the idea that taxpayers should be able to receive a portion of the savings produced by a more efficient government, which was stoked by individuals like Elon Musk and influential members of the US political community.

However, as questions about the project’s feasibility started to surface, this dream swiftly came to an end.

James Fishback, the CEO of Azoria at the time, suggested that each American home get a $5,000 payment, calculating that 20% of the savings from government cuts would go to these households.

However, it quickly became apparent that the figures did not reflect reality.

What is the source of DOGE’s numbers?

The primary issue with the DOGE dividend proposal is that the government’s purported savings pale in comparison to the numbers that Fishback and Musk cited.

DOGE reported only $170 billion in savings, significantly less than what was required to meet expectations of a $5,000 per household payout, as opposed to the $2 trillion that had been promised.

Read Also: July 1 Deadline: $500K Insurance Policy Now Required in Florida State

Actually, according to some estimates, the amount per home would only be $430 if that money were disbursed.

The alleged savings would have been further undermined by the expenses of DOGE’s administrative blunders, including litigation and lost productivity, which would have left a final sum of no more than $89 per household.

Furthermore, neither a clear plan from the authorities nor any legislation exist to justify these payments. Congress never made a formal proposal despite the media frenzy, and the majority of MPs didn’t even bring up the topic in their official correspondence.

This demonstrates that neither the government nor its officials ever gave the DOGE dividend concept any serious consideration.

Read Also: New Proposal Could Raise Tax Deductions for Americans 65 and Older

The DOGE Caucus’s demise

Within Congress itself, the DOGE dividend’s dream also collapsed. Officially, the DOGE Caucus, which was composed of a few lawmakers who attempted to advance the proposal, has been deemed unsuccessful.

The initiative was never truly taken seriously, as seen by the lack of meetings, communication with program managers, and tangible outcomes. The lawmakers who formerly supported the plan now claim it has failed.

In actuality, there hasn’t been much support in Congress for the project, despite the claims of some Republican legislators. Legislators never gave the “DOGE check” importance, as seen by the absence of discussion surrounding the topic and the introduction of no pertinent measures.

The general lack of discussion on the matter actually shows that the pledge was more of a publicity gimmick than a real strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *