A better way is put say 10,000 $ into an account at birth by the government …invested in say 30%Nadsq..30% NYSE30% international stocks…
It should double every eight years…at age 24 the 10,000 is withdrawn and goes back to the government….at age 55 he should have a large amount of money…..
If he dies before 55 the money goes back to the government..
All births not just minorities
I don’t know. Would you like the government to manage a stock portfolio? I can’t even begin to imagine the DEI nonsense that would ensue. Not to mention propping up unions and shaking down political donors. And that’s just what I can come up with on the top of my head. The corrupt sleazebags in politics have had two centuries to come up with ways to milk the money out of the system. I wouldn’t trust them with two bent up nickels if I had any say in it.
WHY should the children of low achieving irresponsible people get a nice nest egg set up for them, while the children of hardworking people get no such advantage?