“*The trick here is simple and old. You starve the public systems until they’re so weak that anything looks like relief. Then you let a billionaire deliver a drop of water and call it a miracle. Americans have been trained to applaud the spectacle. They forget to ask why one of the richest men in the country gets to decide how twenty-five million children experience their first introduction to money. They forget to ask why the richest people get public praise for giving back pennies compared to what they extract. They forget to ask why children need investment accounts instead of stable housing, food, medical care, and schools that aren’t falling apart.*”
This is from the article and it says it all. Man they’re stealing us blind right in front of us.
3.6 million citizen babies born each year. $1000 for each is roughly $3.6 billion in annual expenses to fund the accounts if all babies receive them. The accounts cannot be drawn on for 18 years. So, we’ll spend more than $50 billion over 18 yrs before we see the first ROI and intended benefit of helping youn adults. We should instead spend that money on a plan that helps young adults NOW – not two decades from now.
Also, the expenses above do not even include the ongoing administrative costs from the government reviewing applications, setting up accounts, administering funds. , etc…. Not to mention the massive and likely potential for corruption from the fund manager. It’s going to be someone friendly to Trump and I can only imagine the types of companies getting massive stock boosts next year with fund favoring businesses like Dell for instance.
This is just another in long of great business ideas like Trump Steaks or Trump University. Trump Accounts – accounts so deep there is no bottom.
SurroundTiny on
i barely registered that stupid announcement and I’m sure most people never did
rellim_63 on
I disagree, the biggest heist/scam in America is our healthcare system. So great that we are the only one doing it. Elsewhere in the developed world people have healthcare systems that is cheaper and works better.
MiserableFloor9906 on
What happens when you vote in a pedo con man for a president.
He fucks over as many children as possible.
dominarhexx on
Someone did the math on this. It’s like just under 300 per child. Annuitized over 20 years, that’s like under 2k per child. If they put that towards resources for children like nutrition and early childhood healthcare, that money would be far better spent. The difference is it won’t have a “Trump” title blasted all over it.
8 Comments
Billionaires shouldn’t exist.
“*The trick here is simple and old. You starve the public systems until they’re so weak that anything looks like relief. Then you let a billionaire deliver a drop of water and call it a miracle. Americans have been trained to applaud the spectacle. They forget to ask why one of the richest men in the country gets to decide how twenty-five million children experience their first introduction to money. They forget to ask why the richest people get public praise for giving back pennies compared to what they extract. They forget to ask why children need investment accounts instead of stable housing, food, medical care, and schools that aren’t falling apart.*”
This is from the article and it says it all. Man they’re stealing us blind right in front of us.
[](https://carltonhillfarm.com/)
By [the ‘man’ who shafted a children’s cancer charity? Over the purchase of a portrait? Of *himself*](https://news.artnet.com/art-world-archives/trump-foundation-lawsuit-painting-1380817?amp=1)?
Surely not.
3.6 million citizen babies born each year. $1000 for each is roughly $3.6 billion in annual expenses to fund the accounts if all babies receive them. The accounts cannot be drawn on for 18 years. So, we’ll spend more than $50 billion over 18 yrs before we see the first ROI and intended benefit of helping youn adults. We should instead spend that money on a plan that helps young adults NOW – not two decades from now.
Also, the expenses above do not even include the ongoing administrative costs from the government reviewing applications, setting up accounts, administering funds. , etc…. Not to mention the massive and likely potential for corruption from the fund manager. It’s going to be someone friendly to Trump and I can only imagine the types of companies getting massive stock boosts next year with fund favoring businesses like Dell for instance.
This is just another in long of great business ideas like Trump Steaks or Trump University. Trump Accounts – accounts so deep there is no bottom.
i barely registered that stupid announcement and I’m sure most people never did
I disagree, the biggest heist/scam in America is our healthcare system. So great that we are the only one doing it. Elsewhere in the developed world people have healthcare systems that is cheaper and works better.
What happens when you vote in a pedo con man for a president.
He fucks over as many children as possible.
Someone did the math on this. It’s like just under 300 per child. Annuitized over 20 years, that’s like under 2k per child. If they put that towards resources for children like nutrition and early childhood healthcare, that money would be far better spent. The difference is it won’t have a “Trump” title blasted all over it.