Here’s an idea for Elon Musk and Vivek Ramaswamy – the co-chairs of DOGE: sell unused or underused assets to the highest bidder.
This could raise trillions of dollars and would transfer assets to higher values-added uses – which will raise additional tax revenues in the future.
The chart below (based on 2023 and calculated by the Federal Reserve) estimates that federal assets -not including land and minerals – have a market value of more than $8 trillion. Sell buildings, loan notes, furniture, unused land, computers, slices of the electromagnetic spectrum, vehicles, planes, and the like. This would raise tens of billions of dollars overnight.
Throw in the mineral and energy resources and you have an additional $50 trillion or so.