Posted on 07/04/2025 8:49:19 AM PDT by DIRTYSECRET
Big Beautiful Bill Act-Trump accounts would allow parents, relatives, and others to contribute $5,000 annually for a childโs future.
The federal government would seed this with $1,000.
Contributions couldnโt be made into a Trump savings account after the child reaches 18.
(Excerpt) Read more at kiplinger.com ...
A TSA I can get behind.
If people don’t need welfare they won’t need democrats. Heard it somewhere. That’s one reason why the BBB did not get one vote from the lefties in the house.
Not my speed. Sorry to see it. But most GOP policy types in DC are young married men with small children. We get a lot of this unjustified stuff.
Bacchanalia fuel.
Andrew Wilkow has been talking about this one on the show on and off for weeks now. People would’ve rejected this if Barack Obama, or Hillary Clinton proposed it, and once codified into law (which it probably will be this afternoon), it’s in there. It’s a seemingly good idea because it’s attached to Trump’s name, but what might happen if a democrat president should decided to start making this baby bond about equity?
Not worried the democrats will money launder it away to their bank accounts if the get back in power ?
Wonderful. Just show us where in the Constitution this is justified.
Pubs are as bad as Dems with the free handouts.
If they deposited $10,000 in a Standard & Poor’s 500 mutual fund for every newborn, and the parents and then the owner of the account contributed $100.00 then (Assuming 6% growth a year (The average is 11%) that person would retire with over a million dollars and we could abolish Social Security
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
**what might happen if a democrat president should decided to start making this baby bond about equity?**
Do it and THEN see what happens! I can’t picture a rat POTUS stealing from an 18 year old who’s spent their entire life watching his or her savings grow.
**Not worried the democrats will money launder it away to their bank accounts if they get back in power ?**
I could see a lot of them having an ‘awful lot’ of nieces and nephews to hide their own assets but this is with after tax money I do believe . Those nieces/nephews would have to not exist as the alive ones would be able to think twice about ‘returning’ the money.
> The federal government would seed this with $1,000. <
Yet another federal program that looks good, but is actually beyond the scope of what the government should be doing.
Better that Congress concentrate on bringing industry back to America, as Trump wants. Let folks earn that money for themselves.
Yeah, I know Iโm dreaming.
**Wonderful. Just show us where in the Constitution this is justified. Pubs are as bad as Dems with the free handouts.**
Sounds like something Rand and Massie would say while they’re busy making enemies on both sides. It’s good to bring that argument up but a 100% pure libertarian government is head-buried-in the sand naive. Just look at the poverty rate in Great Britain when the country was at the top of the world colony-wise. Think People of the Abyss.
๐๐ฐ๐ถ๐ฏ๐ฅ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐ด๐ฐ๐ฎ๐ฆ๐ต๐ฉ๐ช๐ฏ๐จ ๐๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ฅ ๐๐ข๐ด๐ด๐ช๐ฆ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ด๐ข๐บ ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ต๐ฉ๐ฆ๐บโ๐ณ๐ฆ ๐ฃ๐ถ๐ด๐บ ๐ฎ๐ข๐ฌ๐ช๐ฏ๐จ ๐ฆ๐ฏ๐ฆ๐ฎ๐ช๐ฆ๐ด ๐ฐ๐ฏ ๐ฃ๐ฐ๐ต๐ฉ ๐ด๐ช๐ฅ๐ฆ๐ด. ๐๐ตโ๐ด ๐จ๐ฐ๐ฐ๐ฅ ๐ต๐ฐ ๐ฃ๐ณ๐ช๐ฏ๐จ ๐ต๐ฉ๐ข๐ต ๐ข๐ณ๐จ๐ถ๐ฎ๐ฆ๐ฏ๐ต ๐ถ๐ฑ ๐ฃ๐ถ๐ต ๐ข 100% ๐ฑ๐ถ๐ณ๐ฆ ๐ญ๐ช๐ฃ๐ฆ๐ณ๐ต๐ข๐ณ๐ช๐ข๐ฏ ๐จ๐ฐ๐ท๐ฆ๐ณ๐ฏ๐ฎ๐ฆ๐ฏ๐ต ๐ช๐ด ๐ฉ๐ฆ๐ข๐ฅ-๐ฃ๐ถ๐ณ๐ช๐ฆ๐ฅ-๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ด๐ข๐ฏ๐ฅ ๐ฏ๐ข๐ช๐ท๐ฆ. ๐๐ถ๐ด๐ต ๐ญ๐ฐ๐ฐ๐ฌ ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ฑ๐ฐ๐ท๐ฆ๐ณ๐ต๐บ ๐ณ๐ข๐ต๐ฆ ๐ช๐ฏ ๐๐ณ๐ฆ๐ข๐ต ๐๐ณ๐ช๐ต๐ข๐ช๐ฏ ๐ธ๐ฉ๐ฆ๐ฏ ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ถ๐ฏ๐ต๐ณ๐บ ๐ธ๐ข๐ด ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ต๐ฐ๐ฑ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅ ๐ค๐ฐ๐ญ๐ฐ๐ฏ๐บ-๐ธ๐ช๐ด๐ฆ. ๐๐ฉ๐ช๐ฏ๐ฌ ๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ฃ๐บ๐ด๐ด.
You plan on answering the man’s question on where the federal government gets the authority to do this?
> The federal government would seed this with $1,000. <
**Yet another federal program that looks good, but is actually beyond the scope of what the government should be doing.**
Forest for the trees stuff. True but what’s $1k in the overall scene of things? Chump change.
Itโs so much better than having a โrefundableโ tax credit for newborns. That is just a handout that would disappear in spending on who knows what. When more young Americans can look at their phones and check their investment , they will feel part of the economy.
**You plan on answering the manโs question on where the federal government gets the authority to do this?**
See my post #14.
“beyond the scope of what the government should be doing”
***********
Especially a government that is $40 trillion in debt.
What if FDR did this instead of setting up SSI? Too many don’t know what the difference between 40 million and 40 billion. That’s how we got here. This puts us in a position to put the left in its place long term.
This is no way is Constitutional.
Best thing Congress could do is allow We the People to keep our money and do with it as we see fit.
So what are these โfundsโ going to be invested in? Is the government setting up a SP500 fund?
How is that a good idea? The government buying and selling stocks or even index funds is a bad, bad idea. Governments picking winners and losers in business is not something we want.
And if the government isnโt doing thisโฆare we thinking that letting the parents of the crack babies born in the local NICU manage their money?
This is one of those ideas that sounds good. But in practical application itโs kind of stupid. $1,000 invested at birth isnโt going to do much for a kid who does nothing with it for 18 years. In 18 years that isnโt even enough to pay for a crap used car or a semester at a community college.
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