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BTC $62,989.27 -0.04%
ETH $1,879.23 +0.02%
BNB $604.83 -0.95%
XRP $1.00 -0.06%
SOL $75.37 +0.24%
TRX $0.3307 -0.46%
DOGE $0.0697 -0.33%
ADA $0.1770 -1.10%
BCH $203.51 -1.10%
LINK $9.36 +0.13%
HYPE $57.42 +1.85%
AAVE $86.02 -0.72%
SUI $0.6763 -0.82%
XLM $0.1567 -0.87%
ZEC $487.52 -0.40%

Musk: "DOGE dividends" will not trigger inflation because the funds come entirely from spending cuts

2025-02-20 12:58:57

ChainCatcher news, according to Jinshi reports, Musk stated that "DOGE dividends" will not trigger inflation, as the funds come entirely from spending cuts, and the beneficiaries are mostly taxpayers with a tendency to save. His goal of cutting $2 trillion in federal spending is the "most ideal outcome."

Previous news, Trump mentioned considering distributing 20% of the funds saved from DOGE to Americans, with 20% used for debt repayment.

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