$1,000 investment for babies?

[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...is this like the 5,000 promised by Elon.....what was it DOGE refunds? Also 1,000 is not making women want to have babies.

[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?

Well, Trump would first ensure that birthright citizenship is revoked so any non-white babies won’t get these. But a baby bond is a good idea if implemented correctly.

[Anonymous]

This thread is why politics is so lame and why a lot of people don’t vote.

This is on its face an excellent proposal and would get a lot of kids vested in this country’s success. Stop just blindly hating because Trump suggested it. The only people who should disagree with it are either commies who hate markets and don’t want to encourage kids to route for America’s success and far right doctrinaire libertarians like Rand Paul.

[Anonymous]

I think some similar to KinderGeld would be a good first step.

[Anonymous]

$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million.

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics.

[Anonymous]

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

So, basically, you like the idea of spending money that we don't have in ways that don't result in increased productivity. Got it.

[Anonymous]

Anonymous wrote:$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million.

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics.

I'll believe it when I see it.

[Anonymous]

Anonymous wrote:And the money would come from...where, exactly?

Well we must have a lot of cash flowing- I mean we are putting on a 90 million dollar birthday parade for dump.

[Anonymous]

$1000 will only motivate the poorest Americans to have kids, and then neglect them.

[Anonymous]

Anonymous wrote:This thread is why politics is so lame and why a lot of people don’t vote.

This is on its face an excellent proposal and would get a lot of kids vested in this country’s success. Stop just blindly hating because Trump suggested it. The only people who should disagree with it are either commies who hate markets and don’t want to encourage kids to route for America’s success and far right doctrinaire libertarians like Rand Paul.

We’re trying to explain to you that it’s a con job. A scam to enrich his wall street buddies. He wants to send government money directly to financial companies that will skim a fee off the top for “managing” the federal dollars. He is cutting child nutrition programs and education and poverty efforts while claiming that he wants to support families? You are being conned.

[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?

Wait, the government would decide what private mutual funds this money could be placed in?
And talk about cradle to grave.
Bad enough that they are calling the new 529 accounts (I think it is) Trump accounts. That is so gross.

[Anonymous]

Anonymous wrote:$1000 will only motivate the poorest Americans to have kids, and then neglect them.

How? They wouldn't be able to use the money. But it should not go to an index fund, it should go to a govt bond.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1000 will only motivate the poorest Americans to have kids, and then neglect them.

How? They wouldn't be able to use the money. But it should not go to an index fund, it should go to a govt bond.

And you think most MAGA voters understand that?

[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?

This only makes sense if both parents or solely the mother, prove they are US citizens with a non fraudulent birth certificate and valid passport.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1000 will only motivate the poorest Americans to have kids, and then neglect them.

How? They wouldn't be able to use the money. But it should not go to an index fund, it should go to a govt bond.

Because they don’t understand basic personal finance anything.