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BTC $62,994.37 -0.01%
ETH $1,879.47 +0.08%
BNB $604.77 -1.02%
XRP $1.00 -0.01%
SOL $75.37 +0.31%
TRX $0.3308 -0.44%
DOGE $0.0698 -0.25%
ADA $0.1780 -0.42%
BCH $203.55 -1.08%
LINK $9.36 +0.67%
HYPE $57.35 +1.72%
AAVE $86.00 -0.62%
SUI $0.6767 -0.76%
XLM $0.1568 -0.76%
ZEC $487.57 -0.35%

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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