$1,000 investment for babies?

[Anonymous]

From news: Trump accounts proposed to be given to “every U.S. citizen born after December 31, 2024, and before January 1, 2029. The government's $1,000 contribution would be placed in an index fund tied to the overall stock market and managed by the child's legal guardians….The recipient of the account could access some of the money when they turn 18 for things like education, training or a first-time home purchase. The full balance would be available at age 30.”

Under the proposal, if child born here but parents get deported, would child still get account even if child goes back to other country with its parents? Who would be guardian of accounts if parents not citizens? Or is this only for babies of citizens?

[Anonymous]

Anonymous wrote:From news: Trump accounts proposed to be given to “every U.S. citizen born after December 31, 2024, and before January 1, 2029. The government's $1,000 contribution would be placed in an index fund tied to the overall stock market and managed by the child's legal guardians….The recipient of the account could access some of the money when they turn 18 for things like education, training or a first-time home purchase. The full balance would be available at age 30.”

Under the proposal, if child born here but parents get deported, would child still get account even if child goes back to other country with its parents? Who would be guardian of accounts if parents not citizens? Or is this only for babies of citizens?

lol. A $1,000 for white babies and “colored” troops on every corner? 30 years from now you will not be able to spend a $1,000 on anything. Under Trump and the Republicans we will be the new Soviets. Empty shelves and your neighbors turning you in for your ice car.

[Anonymous]

And the money would come from...where, exactly?

[Anonymous]

This is a giveaway to banks and Wall Street. He is handing our tax dollars over to businesses that will profit from using free government money to make $$ arbitrage.

[Anonymous]

How does ump personally benefit from this?

[Anonymous]

Anonymous wrote:This is a giveaway to banks and Wall Street. He is handing our tax dollars over to businesses that will profit from using free government money to make $$ arbitrage.

I agree. Inflation the most powerful force in the universe. Better off teaching them dumpster diving, curb shopping, knocking on doors etc.

Looking at my 401K on an index and shaking my head.

[Anonymous]

Anonymous wrote:How does ump personally benefit from this?

Personal favors for wall street buddies that will result in personal rewards for Trump and his family. Quid pro quo.

[Anonymous]

The money would be channeled into Trump’s stock, symbol DJT

[Anonymous]

Average 3.6 million babies born each yr in US so $3.6 billion for each year

[Anonymous]

Anonymous wrote:From news: Trump accounts proposed to be given to “every U.S. citizen born after December 31, 2024, and before January 1, 2029. The government's $1,000 contribution would be placed in an index fund tied to the overall stock market and managed by the child's legal guardians….The recipient of the account could access some of the money when they turn 18 for things like education, training or a first-time home purchase. The full balance would be available at age 30.”

Under the proposal, if child born here but parents get deported, would child still get account even if child goes back to other country with its parents? Who would be guardian of accounts if parents not citizens? Or is this only for babies of citizens?

Someone needs to remind Trump that vote buys are only effective when you are giving the money directly to eligible voters.

[Anonymous]

I honestly don’t think Baby Bonds are a bad idea. From a quick search, I see CT is giving baby bonds to babies born in poverty. Does anyone know how it’s working out?

If implemented correctly, I definitely think baby bonds is an idea worth pursuing.

[Anonymous]

Anonymous wrote:I honestly don’t think Baby Bonds are a bad idea. From a quick search, I see CT is giving baby bonds to babies born in poverty. Does anyone know how it’s working out?

If implemented correctly, I definitely think baby bonds is an idea worth pursuing.

It won’t be implemented correctly.

My mother would have stolen my baby bond to buy plastic stuff and get massages.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly don’t think Baby Bonds are a bad idea. From a quick search, I see CT is giving baby bonds to babies born in poverty. Does anyone know how it’s working out?

If implemented correctly, I definitely think baby bonds is an idea worth pursuing.

It won’t be implemented correctly.

My mother would have stolen my baby bond to buy plastic stuff and get massages.

No, she wouldn't have, because that's impossible.

https://portal.ct.gov/ott/debt-management/ct-baby-bonds

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I honestly don’t think Baby Bonds are a bad idea. From a quick search, I see CT is giving baby bonds to babies born in poverty. Does anyone know how it’s working out?

If implemented correctly, I definitely think baby bonds is an idea worth pursuing.

It won’t be implemented correctly.

My mother would have stolen my baby bond to buy plastic stuff and get massages.

No, she wouldn't have, because that's impossible.

https://portal.ct.gov/ott/debt-management/ct-baby-bonds

That’s what a responsible government in CT decided upon. We are talking about Trump here.

[Anonymous]

Didn't Hillary float a baby bonds before? I wonder if MAGA loved the idea back then. /s