Trump Accounts
trumpaccounts.gov
trumpaccounts.gov
AI is a part of life now, its in all creative mediums, advertising, movies, art and site assets as well.
So in three years time they're going to rename it? Unbelievable.
I'd be scared to look at what the administrative fees will be, and where they would be going, although I don't have to imagine too hard for that.
This is one of my pet ideas to equalize and redistribute wealth.
Fundamentally I believe one of the worst aspects of capitalist societies is the tendency of capital to concentrate to already well off capital owners.
I believe the best way to beat this inherent defect in capitalism, is for the state to manage a fund for every child born and slowly hand over control to the individual.
So these accounts are great compared to what was before -> NOTHING
And this money is paid for from tax dollars so why would it matter if there is taxes paid on it later. If you elect to save more money for your children you can use whatever account structure you wish.
Once the first step is taken, it’s easier to continue going.
This should be universal.
Also, other peoples children WILL be taking care of you when you are old ,because they will be the doctors, firefighters, manufacturing line workers, delivery drivers and everyone else that carry out services that you will still need. They will also be contributing to the tax base that provides social services (social security is paid for by the current generations tax revenue not the original contributors', as bad as this is)
The part where I didn't have children I couldn't afford is what makes it particularly galling. I gave up something and they didn't, but I'm punished and they are rewarded.
After the growth period (that is, starting January 1st of the calendar year in which the child turns 18), most of the rules that apply to traditional IRAs will generally apply to the Trump account. For example, this means that distributions from the Trump account could be subject to the section 72(t) 10% additional tax on early distributions, unless an exception applies with respect to the child (such as for distributions for higher education expenses or first home purchases).
Either way you steal the goods and services from me. Not only immoral, but self-entitled about it. Disgusting.
Not only should we spend more on children, we should encourage more people to have them. There's no issue more important than this.
“A society grows great when old men plant trees whose shade they know they shall never sit in.” -Greek Proverb