US President Donald Trump has said he supports the idea of distributing some of the savings from Elon Musk's Department of Government Efficiency to US citizens as a form of dividend, reports AP.
Speaking at an investment conference in Miami on Wednesday, the President revealed that the administration is considering a proposal in which 20% of the savings generated by DOGE's cost-reduction initiatives would be returned to the public, while another 20% would go towards reducing the national debt.
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Trump also suggested that these potential dividend payments would encourage citizens to report wasteful government spending.
“They’ll report it themselves,” Trump remarked. “They’ll be part of the process of saving us money.”
On his way back to Washington aboard Air Force One, Trump was asked by a reporter about Musk's proposal.
“I love it," he responded.
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The day before, Musk had posted on his social media platform that he would “check with the President” regarding a suggestion to launch a “DOGE Dividend” to refund taxpayers with part of the savings from DOGE. The initiative has already resulted in thousands of federal government employees being fired or laid off.