"The other question is what would a DOGE dividend do to inflation..
So, first, a DOGE dividend isn't even close to the Covid spending orgy."
True, thankfully, but that's not the point. It's the principle. Sending out government checks to everybody is not what our founding fathers had in mind (especially when it's on top of billions of other federal handouts). We don't need ANY more price increases - they hurt the poor long after the checks have been spent.
Interesting theory. I’ve been anti-dividend until the budget is balanced but I can see your point. If they do a dividend, people who don’t pay taxes will get it, of course, which is a problem. I feel like the people who are harmed by wasteful government spending - those who pay taxes - should be the only ones who get any cash back. Otherwise it’s just more free government money. How about an extra $5k deduction this year? That makes more sense to me.
You do realize that most of the "people who don't pay taxes" are living on fixed incomes that they earned by paying taxes, don't you? I paid taxes for 50 years that paid for your education and was just as squandered as yours over the years, maybe more so. Remember Afghanistan and Iraq? I want my dividend. People on Social Security are being devastated by rising costs right now, and if you don't believe that, just ask them (me).
"Fiscal responsibility is what we do."- Mike Johnson
Hey Mike!
How did we get in $37 trillion of debt? Who had the checkbook?
The audacity, lack of self awareness, and propensity to speak irony of these establishment pigs at the trough is mind shattering. The disconnect of congress from the people is measured in light years.
Somebody please remind Porky Pig that he threw $250 billion at US and Ukrainian Oligarchs while Americans with one time decent incomes were emptying local food banks, living on credit cards, and filing bankruptcy over the last four years.
Interesting theory. I was originally thinking absolute zero dividend until all debts are deficit spending is eliminated. I’m less inclined now. Thanks for sharing some key info on the idea.
One thing to consider is that it wouldn't be new "money" created as in the stimmie checks. We would be getting those checks from money that was already earmarked for other crap and then pulled back by DOGE.
We gotta realize that inflation is an expansion of the money supply. When you inflate something like a balloon, you expand the air inside it. Prices increase, they don't expand. Would we see an in crease in prices when 80 million people all of a sudden have $5000 burning a hole in their pockets? Possibly. But how many of those people will use it to buy more stuff vs. paying down existing debt?
I agree with making DOGE permanent. Only problem is, eventually the left (communists) will gain control again and corrupt the thing that was created to expose and stomp out corruption and wasteful spending.
The cheating machine is greasing the gears. What will they pull on us next?
Perhaps the biggest win we need in this country is the full Epstein client list to reveal what we all suspect...the elite's full participation in sex trafficking. I'd love nothing more than to see them all exposed for what they are and see mass arrests and trials. Especially the Clinton's and their evil foundation.
"You certainly wouldn’t want the dividend to be permanent, lest it morph into an economy-destroying Universal Basic Income." Agreed, and Elon has expressed his enthusiasm for "universal HIGH income!" as he called it while hosting a town hall in Pennsylvania for Trump.
The Fed failed to use covid as an excuse to roll us all onto a CBDC (by way of vaccine passports, per Ed Dowd's perspective), but some kind of UBI situation (perhaps AI-induced unemployment serving as the next justification) could obliquely get people onto such a beastly financial architecture at last.
I think we have to assume that DOGE has uncovered fraud going back decades. If there is going to be a "payback" to taxpayers, I think it has to include anyone who has paid income taxes in the last 30 years. I think that $5,000 will be used to buy "good will" with the public if it comes to fruition.
Recently, the re-bumble-cans passed a budget that cuts no spending and allows for further deficits. So where the heck is DOGE? The only way to cut into the deficit is to make some extremely hard and difficult choices and NO politician is ever going to have the balls to do the hard work. After all, they have been the people who have caused most of this mess over many decades.
Inflation will occur in proportion to the public having faith in government or not. If they trust government they will act kind of normal. If they lose faith in government and the system, they will become hoarders...buying more than they need expecting things to get worse. That throws the supply/demand equation out of whack.
The Fed hates deflation. They gotta have that 2% inflation floor into eternity or else. Kind of reckless in my book. Let the trends go where they may. Eventually the pendulum swings back in the other direction.
"The other question is what would a DOGE dividend do to inflation..
So, first, a DOGE dividend isn't even close to the Covid spending orgy."
True, thankfully, but that's not the point. It's the principle. Sending out government checks to everybody is not what our founding fathers had in mind (especially when it's on top of billions of other federal handouts). We don't need ANY more price increases - they hurt the poor long after the checks have been spent.
Interesting theory. I’ve been anti-dividend until the budget is balanced but I can see your point. If they do a dividend, people who don’t pay taxes will get it, of course, which is a problem. I feel like the people who are harmed by wasteful government spending - those who pay taxes - should be the only ones who get any cash back. Otherwise it’s just more free government money. How about an extra $5k deduction this year? That makes more sense to me.
You do realize that most of the "people who don't pay taxes" are living on fixed incomes that they earned by paying taxes, don't you? I paid taxes for 50 years that paid for your education and was just as squandered as yours over the years, maybe more so. Remember Afghanistan and Iraq? I want my dividend. People on Social Security are being devastated by rising costs right now, and if you don't believe that, just ask them (me).
What? That has nothing to do with my point .
Will do, Peter. Many thanks.
"Fiscal responsibility is what we do."- Mike Johnson
Hey Mike!
How did we get in $37 trillion of debt? Who had the checkbook?
The audacity, lack of self awareness, and propensity to speak irony of these establishment pigs at the trough is mind shattering. The disconnect of congress from the people is measured in light years.
Somebody please remind Porky Pig that he threw $250 billion at US and Ukrainian Oligarchs while Americans with one time decent incomes were emptying local food banks, living on credit cards, and filing bankruptcy over the last four years.
MJ...you flat out lie.
Interesting theory. I was originally thinking absolute zero dividend until all debts are deficit spending is eliminated. I’m less inclined now. Thanks for sharing some key info on the idea.
Apparently Obama created DOGE
https://forbiddennews.substack.com/p/a-lot-of-you-are-going-to-prison?utm_source=post-banner&utm_medium=web&utm_campaign=posts-open-in-app&triedRedirect=true
One thing to consider is that it wouldn't be new "money" created as in the stimmie checks. We would be getting those checks from money that was already earmarked for other crap and then pulled back by DOGE.
We gotta realize that inflation is an expansion of the money supply. When you inflate something like a balloon, you expand the air inside it. Prices increase, they don't expand. Would we see an in crease in prices when 80 million people all of a sudden have $5000 burning a hole in their pockets? Possibly. But how many of those people will use it to buy more stuff vs. paying down existing debt?
I agree with making DOGE permanent. Only problem is, eventually the left (communists) will gain control again and corrupt the thing that was created to expose and stomp out corruption and wasteful spending.
The cheating machine is greasing the gears. What will they pull on us next?
Perhaps the biggest win we need in this country is the full Epstein client list to reveal what we all suspect...the elite's full participation in sex trafficking. I'd love nothing more than to see them all exposed for what they are and see mass arrests and trials. Especially the Clinton's and their evil foundation.
But if they paid down debt they would not have to create more bonds and then have the FED create money and buy them.
After reading it as a good idea, now I know it won’t happen. Just government propaganda to support oligarchs.
Where did the majority of the last stimulus end up? Can you say the likes of flip flopper Jeffy Bozoos?
"You certainly wouldn’t want the dividend to be permanent, lest it morph into an economy-destroying Universal Basic Income." Agreed, and Elon has expressed his enthusiasm for "universal HIGH income!" as he called it while hosting a town hall in Pennsylvania for Trump.
The Fed failed to use covid as an excuse to roll us all onto a CBDC (by way of vaccine passports, per Ed Dowd's perspective), but some kind of UBI situation (perhaps AI-induced unemployment serving as the next justification) could obliquely get people onto such a beastly financial architecture at last.
That would by me a gold and silver eagles while they are still cheap.
Use the DOGE dividend to pay down our debt, we don't need anymore inflation.
What DOGE dividend?
There's no way to solve the debt problem without dealing with entitlements. We'll see whether Elon is willing to go there.
I think we have to assume that DOGE has uncovered fraud going back decades. If there is going to be a "payback" to taxpayers, I think it has to include anyone who has paid income taxes in the last 30 years. I think that $5,000 will be used to buy "good will" with the public if it comes to fruition.
Recently, the re-bumble-cans passed a budget that cuts no spending and allows for further deficits. So where the heck is DOGE? The only way to cut into the deficit is to make some extremely hard and difficult choices and NO politician is ever going to have the balls to do the hard work. After all, they have been the people who have caused most of this mess over many decades.
Inflation will occur in proportion to the public having faith in government or not. If they trust government they will act kind of normal. If they lose faith in government and the system, they will become hoarders...buying more than they need expecting things to get worse. That throws the supply/demand equation out of whack.
The Fed hates deflation. They gotta have that 2% inflation floor into eternity or else. Kind of reckless in my book. Let the trends go where they may. Eventually the pendulum swings back in the other direction.