• 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

Connecticut Tribes Challenge Kalshi Prediction Market

chest

Native American tribes in Connecticut have filed a legal challenge against Kalshi, alleging violations of federal gaming laws.

user avatarLuis Flores

DeepSnitch AI Focuses on Safer Crypto Decisions

chest

DeepSnitch AI is currently in its presale phase, offering innovative tools that utilize artificial intelligence to help users manage risks in the crypto market.

user avatarMaria Gutierrez

Sky Mavis Plans to Address Axie Supply Issues with Burn Mechanic

chest

Sky Mavis is considering a burn mechanic to reduce the oversupply of Axies, aiming to restore balance in the ecosystem.

user avatarLucas Weissmann

High-Visibility Tokens Show Elevated Monitoring by Traders

chest

High-Visibility Tokens Show Elevated Monitoring by Traders

user avatarDavid Robinson

Invistro Offers Extensive Multi-Asset CFD Trading Options

chest

Traders can access over 350 tradable instruments across various markets through Invistro, including Forex, stocks, indices, commodities, and cryptocurrencies, allowing for portfolio diversification and cross-market strategies.

user avatarJacob Williams

Invistro Provides Tiered Account Options for Diverse Trading Needs

chest

The broker offers a tiered account structure to accommodate different trading styles and experience levels.

user avatarSon Min-ho

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.