In an innovative move to enhance government transparency, U.S. presidential candidate Robert F. Kennedy Jr. proposes to make the national budget fully accessible to the public using blockchain technology.
This approach promises real-time oversight and aims to prevent financial misuse, ensuring that instances of overspending become a thing of the past.
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Robert F. Kennedy Jr. Advocates for Public Oversight of the National Budget via Blockchain
During a 2024 election rally in Michigan on April 21st, independent U.S. presidential candidate Robert F. Kennedy Jr. revealed his intentions to record the entire U.S. national budget on a blockchain.
He proposed making all budgetary information publicly accessible on the blockchain, allowing every American to monitor budget items at any time, 24/7.
Enhancing Budgetary Transparency and Preventing Misuse of Funds with Blockchain Technology
The intrinsic characteristics of blockchain technology enable the recording of information in an open ledger that is accessible to anyone with internet access at any time and is immutable, meaning that once information is recorded, it cannot be altered.
Utilizing blockchain for national budget management is expected to increase transparency in the allocation of funds and prevent misuse of taxpayer money.
Historical instances of excessive spending, such as the Pentagon’s purchase of a $640 plastic toilet seat from Lockheed in the 1980s and a $10,000 toilet seat cover replacement in 2018, highlight the potential benefits of greater transparency.
RFK Jr. remarked at the rally, "If someone spends $16,000 on a toilet seat, everyone will know about it," emphasizing the deterrent effect of public scrutiny.
RFK Jr.’s Strong Support for Bitcoin and Its Role in His Fiscal Policy
RFK Jr. has long been a proponent of Bitcoin (BTC), advocating policies such as backing the U.S. dollar with Bitcoin and exempting Bitcoin profits from capital gains taxes, discussed publicly as of July last year. He also disclosed purchasing 2 BTC for each of his seven children.
As per the latest figures from RealClearPolling, the presidential candidate standings are: Trump at 41%, Biden at 35.7%, and Kennedy at 11.7%.
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