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This Tax Economist Bet His Life Savings That Musk’s DOGE Would Fail—Now the Official Figures Are Out
Summary by Inc.
3 Articles
3 Articles
‘Tax nerd’ risks it all betting against Elon Musk’s promises, and the numbers vindicated him in the end
Alan Cole, a senior economist at the Tax Foundation and self-described “tax nerd,” has walked away with a $128,000 profit after betting his entire life savings that Elon Musk‘s Department of Government Efficiency, or DOGE, would fail to cut federal spending. According to The Wall Street Journal, Cole placed a wager of $342,195.63 on the prediction platform Kalshi, which the Wall Street Journal described as “effectively everything outside of his …
Convinced that the promises to reduce US federal spending were untenable, a 37-year-old economist committed more than $340,000 to a prediction market. A year later, the calculation gave him reason.
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Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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