The Federal government is funding one thousand dollar accounts with Robin Hood Investments, for each child born between 2025 and 2028. These accounts to be locked until age of 18….hopefully to grow into a life long investment vehicle.
Could that possibly be a good thing.
This is another con. Some president in 18 years will have to pay this out of their budget.
In the meantime, Trump has cut funding for poor kids to boost shareholder profits.
A main controversy is that the accounts may be symbolic rather than transformative: critics say a $1,000 deposit locked until 18 does little for children facing poverty now.
Another criticism is that the program may disproportionately help families who already have the means to add contributions, which could widen existing wealth gaps instead of reducing them.
Critics also argue the accounts were created alongside cuts to programs like Medicaid and food assistance, so the government is promoting a long-term savings idea while reducing support for families’ immediate needs.
Some observers see the program as politically branded and worry it could be used to reward births during a specific administration rather than serving as a neutral public policy.
Hahaha ….off to AI to see what’s wrong with Trump this time. Tell you what, ask AI about your remark at the top of the response and report back.
"This is another con. Some president in 18 years will have to pay this out of their budget. "
You are special, Visser
So far, all of Trump's other promises, like the $2000-dollar cheque to all families, have never materialised. This is another scheme, but I doubt many people will be interested in it.
Wow, in 18 years you kid gets $1000 dollars.
The US dollar will no longer be the reserve currency in 18 years, so the inflation will even cut into that.
Why not throw in a free McHappy Meal?
This is either a scam to get votes or a means for the rich to create a trust fund for their kids.
Things are not looking good in the midterms, so we can expect a whole host of scams to attempt to buy the next election.
Amazing...
Timeline for the $1,000 Investment
…..
A typical interchange with the uninformed but vociferous TDS set. There, now you are better informed.
That also goes for your colleague who liked your mistake.
Without family contributions, the Trump Account receives only the initial $1,000 federal seed deposit, invested in a low-fee default index fund like an S&P 500 tracker.
The funds grow tax-deferred until age 18, when the account converts to a traditional IRA under standard rules. At historical S&P 500 returns of ~10% annualized, the $1,000 could grow to $5,000-$6,000 nominally over 18 years.
Accounting for average U.S. inflation (~2-3% annually), real purchasing power drops significantly, to roughly $2,500-$3,500 in today's dollars. This assumes no contributions; markets could underperform, further eroding value against rising costs like housing or education
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If families do invest in the program, that is no different than if they invested in a private investment fund.
For families that do not invest, it is peanuts. At best, 3000 dollars.
However, I suspect this is being used to rig the markets in some way, or for the Trump family to push their Crypto. There are bound to be more details of this program in time.
Also, I will believe it when I see it, that actual payments happen (to all within the birth rate criteria). This must be part of the latest grift.
Actually over the last 18 years the return in the S&P cited above as the investment vehicle, is $5500..
And if middle class parents can find $5000 per year.. invested for 18 years along with the $1000, tax free at 11% the rate for the last 18 years….the kid has a nest egg of $300,000….and a life lesson in saving and investing.
The federal part is a modest gift but also a well lit pathway to a better life. Will that make for a stronger society?
Stupid is as as stupid does...
PS, Snark...I know you aren't really that stupid...you do it to annoy and to troll...but sometimes you make me wonder...
That is like saying you can lose weight by drinking 10 beers per day if you run 20 miles per day.
Anything the parents contribute is on their own doing. They could just as easily take on a private education fund for their children. I dont see it appealing to the Trump voters, because they are less likely to be able to make a contribution.
It is a measly sum of money - even if" it is paid out.
A thousand dollars is a good start...stop being full of sh!t Snark.
"That is like saying you can lose weight by drinking 10 beers per day if you run 20 miles per day."
Hahahahaha!!!!
Actually it’s not only $1000, it’s the yearly gift of no taxes on gains or dividends in the portfolio. It’s an innovative way for the government to motivate people to do the right thing….flexible to the extent of their ability. And popular:
Not all of these fall in the seed money eligibility period….but for every one of those there are 3 others who sign up for the tax benefits. At least there are some parents out there who aren’t snowed by the TDS crowd,
The US does not guarantee health coverage for its citizens. Healthcare costs are unaffordable for millions, even after sweeping healthcare reforms substantially reduced the number of uninsured Americans.
U.S. health care is broken.shameful
No Bob... there's lots of help for those who can't afford it...Texas provide health and food through it's SNAP benefits...those who can afford health insurance but choose not to are the ones suffering...and the so called Obama Care only made things worse.
Complete balls, lets look at a specific:
Approximate ranking by post–heart-transplant survival, best to weaker:
The big caveat: Japan looks best after transplant partly because selection is very strict and waiting times are long. A country can have excellent post-transplant survival while many patients die or deteriorate before receiving a heart.
…….
The US, second in terms of wait times and really the most successful in terms of outcomes because Japan is so selective.
That’s one example, we could go through other specific maladies. Life expectancy in general, often mentioned should correct for life style, demographics, distances and critically affordability, US drug companies sell their products at lower costs overseas.
The higher prices paid in the US funds research the whole world benefits from…6 of the 10 most critical life saving drugs invented since 1950 came from the US. And the medical research in US universities is there for free to the rest of the world in medical journals.
In medicine, as in defence the West owes the US
Having said all that…this isn’t about healthcare. It’s about one specific Trump initiative and a bit of a challenge to those who oppose Trump to simply admit in this instance it’s a good thing,
Of course, it is a good thing. For people who benefit from it. Which is not going to be the majority of people who are going to be taken it.
It is a very funny scheme.
Liberals have had many obsessions. One is to guarantee the return on investment. One favourite strategy from liberals is duplicity.
Liberals love to claim they act for a specific class of people (the downtrodden usually is the goal) when in fact the strategy is adverse to the downtrodden.
The strategy benefit is obvious: conceal the benefits for a certain segment of a population behind the needs of the desperate.
The goal of this Trump's initiative is to reach a point of too big to fail. People involved in this scheme are going to fight to maintain the return and the less money they are in, the more likely they are to fight for it as they need the money to live. Contrary to people who live on marginal money. Which are going to reap the benefits
Remember, peeps, liberalism stands on governing through the consent of the governed and people are going to concede their consent for many things to preserve the return of this fund.
And it is blatant: as usual, liberals put the emphasis on the poorest, everyone is granted an initial sum.
Now let's focus on people for whom this scheme is designed. Let's say people who can put one million dollars in the scheme from the start.
Straightforward to compute how much money the children get at 18, straightforward to compare it to what people earn in average during their life time. The result is that these children are given from the start more money than the average amount of money earned during a life time. This means that these people do not have to work their entire life.
Let's keep going on this: if these people marry among each other, each parent will bring half the initial million to boot.
And keeping on it; when the children come to age, parents can reclaim a certain sum from their children to pay themselves.
This scheme ensures that all that these people have to do is to reproduce themselves, have kids and place money in a guaranteed return funds, guaranteed because many of the so called benefactors will need the money to live in a very different way.
People who are going to fight for this scheme are not going to be people who benefit from it. People who will get 300 000 out of the scheme. Of course, people who will only get 8 000 may say eff with this but they will mean the wall of all the others who gain just enough to feel they win at life when they are losing big time..
.and a life lesson in saving and investing.
Certainly not in saving. As to investing, only for a very specific kind of investment: rent, that is an investment with a guaranteed return.
Remember, peeps, capitalism came up with the idea of risks: investing came with risks, people can win big as they can lose big. This was based on many factors, like insecure transportation means. Traders could lose a fortune as a ship got lost.
This scheme reflects nothing of risk. This scheme is made to ensure a rent as people involved in it will keep looking at guaranteeing the scheme return.
Kids who will inherit 100 000 from this scheme will already have fallen behind in life compared to kids who will inherit 300 000 from the scheme who will have fallen behind kids who inherit 1 million dollars and this up to the people who will inherit more than enough to live a life time without working and all they have to do is reproduce and marry among themselves.
And all this clique will fight to maintain the privilege of the guys at the top because they will need the money to live as they have to work. They will okay any decision to protect the return of the scheme.
It is a very good thing indeed as liberals are en route to kill hundreds of million people. And this kind of scheme is going to be part of the motivations for it.
Reducing healthcare to heart transplant.
Still no comment on your team in South Africa Peeps, perhaps you should focus there. No point in commenting on the supposed shortfalls of the worlds most successful country when your chappies have set a world record for screwing up an economy.
It is very funny. But what team is it?
Liberals on this board seem to have no political education.
And second part, a lot of comments on South Africa were already done. Many of them. So that is another trait: when they demand things that are already given.
Many things ware already written on South Africa. So either liberals have not read and in this case, it is pointless to write them again or they have read them and expect other comments.
In both cases, there are no point in delivering what is already delivered.
On the other hand, contribution is expected here;
https://www.ruckersforum.com/forum/mikes-gripes/liberal-israel-and-human-shields/58840/
And contrary to the South Africa's case where many comments were already delivered, there has been no contribution.
Liberals are empty, they have nothing in store. So they can not answer as soon as questions are asked.
And it is the beauty of it. You will see again, no answer incoming. It is like pressing a button.
Very funny. Could do that all the day. And for free.
Things are not looking good in the midterms, so we can expect a whole host of scams to attempt to buy the next election.
Well said. It's the first of several attempts to buy votes.
The Trump account—a government-funded savings vehicle for children—was first formally introduced in the May 2025 draft of the "One Big Beautiful Bill Act" (OBBBA).
Care to correct your post?
God bless Bernie
https://www.youtube.com/shorts/VgcA92TU4Cs
Bernie doesn’t believe in god, he believes in Lenin.
God doesn't care ... He loves good people :)
God doesn't care ... He loves good people :)
Indeed...He loves you regardless of what you do or believe...it doesn't matter if Berns is good or bad...not convinced about his motives though... it's easy to promise people free stuff...not so nice to do it if you know you can't keep that promise.
Almost two thirds of EU countries have free GP care – and in most countries where patients do pay, it costs less than €10.
US healthcare shamefully sucks
It sucks but it works....>50% tax sucks worse
