• 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

2 days 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

Share

Other news

Leading Cryptocurrencies to Watch in November 2024

Exploring the month's top cryptocurrencies, including innovators and established leaders.

user avatar

7 minutes ago

Bitcoin Sets New Highs, Gaining Momentum

Bitcoin reaches $93,469.08, drawing investments amid inflation expectations and a rising crypto market.

user avatar

8 minutes ago

Crypto Market Growth: Bitcoin and Sui on the Uptrend

Crypto market revives: Bitcoin hits record high, Sui rises with VanEck listing.

user avatar

8 minutes ago

U.S. DOJ Blocks Binance Account with $17.9M in Crypto

The U.S. DOJ aims to seize $17.9 million in crypto linked to FTX and Sam Bankman-Fried's bribery allegations.

user avatar

9 minutes ago

Peanut the Squirrel: New Crypto Market Leader with Billion Dollar Cap

Solana-based crypto Peanut the Squirrel ($PNUT) reaches 1 billion dollar market cap, attracting investor attention.

user avatar

9 minutes ago

Traders Anticipate Further Bitcoin Growth: Price Tops $93,000

Bitcoin surpasses $93,000; CME records increased interest in $100,000 options.

user avatar

10 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.