Can Trump and Elon Really Fund DOGE Checks? The Truth Behind the Hype
Feb 25, 2025
The wild idea of $5,000 DOGE checks backed by Trump and Elon Musk raises eyebrows. Could this plan inflate the economy, or is it merely another empty promise? A dive into the implications clarifies how past economic stimuli have shaped today’s landscape. Discover smart investment strategies, focusing on hard assets amid inflation and the importance of active management of your finances. Plus, insights into the complexities of navigating room rentals and the intricacies of local laws make this discussion both timely and essential for savvy investors.
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insights INSIGHT
DOGE Dividend Check Proposal
Trump and Elon Musk propose giving 20% of DOGE savings to American citizens and 20% to debt reduction.
The proposed dividend checks are estimated to be around $5,000 per taxpaying family, requiring tax filing for the past two years.
insights INSIGHT
Stimulus and Inflation
Stimulus money during the pandemic is estimated to have caused 2.5% inflation, leading to increased personal savings rates.
This effect was short-lived, followed by a surge in credit card debt, demonstrating a temporary economic boost.
volunteer_activism ADVICE
Tax Implications of Refunds
Remember that tax refunds are considered income and must be declared.
Be prepared to pay taxes on any money received from the government.
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Trump and Elon Musk are floating the idea of $5,000 DOGE "dividend checks" for taxpayers. But where is the money coming from, and will it cause inflation? In this discussion, Ken and Danille McElroy break down the real impact, the economic arguments for and against the plan, and how investors can position themselves before this unfolds. Is this a one-time economic boost or just another wild promise?
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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