• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Elon Musk Plans to Implement 'Chainsaw Model' in the U.S.

user avatar

by Giorgi Kostiuk

a year ago


Elon Musk is exploring the implementation of Javier Milei's 'Chainsaw' economic reform model in the United States, which aims at significant downsizing of government structure and cut in spending.

Key Features of Javier Milei’s Model

The 'Chainsaw' model focuses on eliminating non-productive government structures, with various offices closed in Argentina, including the Tax Revenue Service. Over 33,000 government jobs have been cut, highlighting the reduction in public sector employment and focusing on essential social services.

Elon Musk’s Engagement with Milei

Elon Musk is in talks with Argentina’s Deregulation Minister Federico Sturzenegger to explore ways of applying Milei’s principles in the U.S. This cooperation might influence state transformation policies in Trump’s potential second term. Javier Milei expresses confidence in Musk’s ability to implement these changes in the U.S.

Consequences for the U.S. Administrative System

Applying the 'Chainsaw' model in the U.S. might lead to significant federal spending cuts. However, there could be political backlash over concerns related to job losses and social service reductions, especially in healthcare. Proponents believe it will promote economic growth by improving the business environment, though critics warn of increased social inequalities.

Elon Musk's interest in Javier Milei’s model highlights the pivotal role of discussions on optimizing government operations in the U.S. The libertarian approach may shift political trends both domestically and globally.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Beating Fragmentation with Algorithmic Order Routing

chest

In the fragmented landscape of financial markets, professional traders are leveraging smart order routing to optimize their execution.

user avatarRajesh Kumar

Explore the Best Green Bond Options for 2025

chest

A curated list of top green bond options for responsible investors in 2025, featuring high-grade sovereign and corporate bonds that support sustainable projects.

user avatarAisha Farooq

Greenwashing: A Major Risk in Sustainable Investing

chest

Greenwashing poses significant risks to the integrity of the sustainable finance market, impacting both financial and environmental outcomes.

user avatarLi Weicheng

The Rise of Green Bonds: A New Era in Responsible Investing

chest

The fixed-income landscape is transforming as responsible investing shifts from exclusionary practices to proactive impact investing, with green bonds leading this change.

user avatarTenzin Dorje

Decoding Green Bonds: How They Work and Their Importance

chest

Green bonds are fixed-income debt instruments that allocate 100% of the funds raised to finance or refinance specific eligible green projects.

user avatarBayarjavkhlan Ganbaatar

US Strategic Bitcoin Reserve Plan Remains Unimplemented

chest

The US has not yet rolled out a formal plan for its Strategic Bitcoin Reserve despite an executive order.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.