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re: What should be done with DOGE savings?

Posted on 2/12/25 at 2:25 pm to
Posted by Hester5452007
Member since Sep 2018
230 posts
Posted on 2/12/25 at 2:25 pm to
quote:

Pay down the debt.


The only answer.
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
1086 posts
Posted on 2/12/25 at 2:42 pm to
quote:

Deflating/inflating the economy and deflating/inflating the currency are two different but connected economic metrics.


Too many dollars chasing too few goods.

But, is that true if there are good investment opportunities for those dollars? I am not speaking in terms of money supply, but asset utilization, or perhaps it should be called capital utilization.

For instance, the gold mentioned about is worth $650 billion or so in today's market, but according to our laws, we have to value it at $40 an ounce. What could happen if we find a way to use this wealth?



Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
5298 posts
Posted on 2/12/25 at 2:48 pm to
quote:

Eliminate federal tax (IE, the IRS)


Flat tax would be amazing. No taxes on income only taxed when you spend. Would encourage saving and we could almost eliminate the irs entirely. Imagine the savings with a smaller IRS
Posted by dat yat
Chef Pass
Member since Jun 2011
4963 posts
Posted on 2/12/25 at 3:03 pm to
Just eliminate it from the budget. If they find enough to have a surplus, reduce taxes.

If they get the waste and fraud out of all sectors, including the sacred cows, they may have a surplus.
Posted by Reagan80
Earth
Member since Feb 2023
2330 posts
Posted on 2/12/25 at 3:12 pm to
Don’t forget, 10% to the big guy.
Posted by junkfunky
Member since Jan 2011
36292 posts
Posted on 2/12/25 at 4:54 pm to
Reduce my fricking taxes would be great. Also, if I could not be taxed on money I was already taxed on I would be less (just a little) inclined to punch a politician.
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