Billionaire Elon Musk publicly endorsed Ron Paul’s proposal to abolish foreign aid, sparking debate about wealth distribution and US foreign policy. The controversial suggestion raises questions about its economic and moral implications.
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Former Congressman Ron Paul urges Elon Musk and Vivek Ramaswamy’s Department of Government Efficiency (DOGE) to eliminate foreign aid, arguing it’s an immoral transfer of wealth from American taxpayers to the wealthy abroad. This proposal comes amidst ongoing debates about US spending and the potential for significant budget cuts.
Representative Thomas Massie has introduced a bill in the House to abolish the Federal Reserve, which has been the central banking system of the United States since 1913. The bill, H.R. 8421, seeks to end the Board of Governors of the Federal Reserve and its banks, as well as repeal the Federal Reserve Act. Massie argues that the Federal Reserve is responsible for the high inflation and devaluation of the dollar, and that Americans would be better off without it. The bill has been co-sponsored by several other Republican representatives.