Wouldn’t the establishment of this trust cause inflation?
Yes, and it’s vote buying as well.
Yes, and it’s vote buying as well.
This isn't a case of printing and giving away money. The gift giver (probably a relative) has already paid taxes on the gift. The gift receiver will pay capital gains taxes on the distributions, unless they are used for education or a home purchase, before age 31. Seems to be a little more flexible in some ways than a 529 plan, but the same idea.