shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,912
- 42,957
- 3,605
I think this is a great idea. America is more capitalist than other Western nations but you also have reasonable social programs. I don't hear enough speaking about this. $1000 account for a newborn and it is invested in the Stock Market, I presume an index fund so that as the stock market does well, so does this investments.
This would be worth thousands by the time a child reaches adulthood and it ensures that everyone has a stake in capitalism, while also ensuring all kids get a chance in life regardless of their socio-economic start.
This crushed anything Canada or offers their citizens when they have children.
On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.
“It’s a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life,” President Donald Trump said Monday at a White House event.
The five-year pilot program, which is included in the House-passed budget bill — also known as the “One Big Beautiful Bill Act,” now under consideration in the Senate — could give a financial leg up to a new generation to build savings for their education and beyond.
While the proposal has its merits, it may not do as much as it could to help the tens of millions of families who will struggle to save for their children.
“This proposal meets some, but not all, of the best practices recommended by decades of research on early wealth-building programs,” said Madeline Brown, a senior policy associate at the Urban Institute, a Washington, DC-based think tank.
Here is a look at how the program would work and who is likely to benefit most.
This would be worth thousands by the time a child reaches adulthood and it ensures that everyone has a stake in capitalism, while also ensuring all kids get a chance in life regardless of their socio-economic start.
This crushed anything Canada or offers their citizens when they have children.
On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.
“It’s a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life,” President Donald Trump said Monday at a White House event.
The five-year pilot program, which is included in the House-passed budget bill — also known as the “One Big Beautiful Bill Act,” now under consideration in the Senate — could give a financial leg up to a new generation to build savings for their education and beyond.
While the proposal has its merits, it may not do as much as it could to help the tens of millions of families who will struggle to save for their children.
“This proposal meets some, but not all, of the best practices recommended by decades of research on early wealth-building programs,” said Madeline Brown, a senior policy associate at the Urban Institute, a Washington, DC-based think tank.
Here is a look at how the program would work and who is likely to benefit most.
