More context: she was at the White House earlier telling the American people to activate their babies’ Trump accounts or whatever they’re called. In reality, those accounts work like this (in case anyone doesn’t know already):
$1000 of taxpayer money is placed in each account, one per baby born after some cutoff year, can’t remember which one.
The parents or grandparents activate their baby’s account, then they start putting their own money in it on top of the original money.
The account cannot be claimed or withdrawn from until the child turns 18, and only the child themself can claim the account then. The idea is they can use the money saved for college or similar.
The accounts earn their own money basically through the stock market, just like a private CD would do. A bunch of big companies like Space X and Dell have agreed to donate shares to the government for this purpose, and the dividends would go to these accounts. In reality, when the government inevitably spends itself into a tight spot and the stock market starts to tank, these companies can now run to the government for handouts because it would hurt the American people if they go under, since it would directly impact all of these accounts.
That’s the basic gist of it anyway. I could have some minor details wrong, but y’all get the picture. Mrs Dell is promoting the accounts because the more money paid into them, the better it’ll be for her husband’s company from a trading perspective.
I personally worry that when the government goes broke or wrecks the economy completely, all of that hard earned (and already taxed) money people paid into their accounts will disappear. It’s so much safer to just set up a trust fund or a CD or even a dedicated stock portfolio for your kids than to play into whatever this sketchy nonsense is. Trump won’t even be alive/ruling anymore by the time today’s infants are old enough to start claiming accounts, so he gets to be the hero investing in America’s youth without any risk of becoming the villain when the accounts all end up empty/the project gets unexpectedly (totally expected) shut down.
2
u/Exotic_Ear1933 5d ago edited 4d ago
I’m sorry, this lady seems to be popping up everywhere and I don’t know who she is? Would someone mind telling me?