Elon Musk warns that "entire agencies must be eliminated" in war on bureaucracy
To date, DOGE and Musk have led the effective termination of entities such as the
The dismantling of part of the
"Entire agencies need to be eliminated," he said in a video-conference speech at the World Government Summit (WGS) in
There, Musk also stressed the need to reduce laws, digitize systems, modernize computers and reform the education system.
With this, he predicted, without providing further details, that an estimated cost reduction of "possibly a trillion dollars or more" could be achieved, and he was confident that "the net effect of this will be that there will be no inflation between 2025 and 2026", while "interest rates will drop significantly".
Federal agencies
"We support President (Donald)
"I think we need to eliminate whole agencies instead of leaving part of them behind, because part of them are actually behind," he added.
He also defended the layoff program to reduce the number of public employees, to whom - he stated - "we offer generous packages", in parallel with the development of computer systems and computers, as well as digitalization in
"By improving technology, you reduce costs (...) At
On the other hand, he said that currently the
The tycoon insisted that the general objective of these measures "is to lay the foundations for a prosperity that will last for many decades and perhaps centuries" in his adopted country,
To date, DOGE and Musk have led the effective termination of entities such as the
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