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Started By
Message
1
Posted on 3/29/26 at 6:24 pm to dgnx6
quote:
Conservatives are against savings accounts?
No. They are against taxpayers funding the accounts.
Posted on 3/29/26 at 6:33 pm to blueboy
Are you confused about what I said or are you questioning the discriminatory tendencies of people like Obama and Biden?
This post was edited on 3/29/26 at 6:34 pm
Posted on 3/29/26 at 6:34 pm to Mushroom1968
Awful, awful move by Trump.
Posted on 3/29/26 at 6:49 pm to GRTiger
quote:I'm questioning your definition of 'socialism.' It doesn't have to be confined to the groups you mention in order to qualify as socialism.
Are you confused about what I said or are you questioning the discriminatory tendencies of people like Obama and Biden?
Posted on 3/29/26 at 6:52 pm to Mushroom1968
Do yall think we could get a High speed (>200MPH) train from Houston to NOLA if we call it the Trump Train? Less than two hours man! And no TSA or DEI pilots to worry about
Posted on 3/29/26 at 6:53 pm to Sp0728
quote:
But y’all salivating over it because of Trump.
If you could go back in time and have a Trump account for yourself, you’d 100% want it.
Posted on 3/29/26 at 6:54 pm to Sp0728
quote:
The most democratic socialist thing. Will make inflation go higher.
But y’all salivating over it because of Trump.
If Obama or Senile Biden passed this, yall would be in an uproar.
Politics truly have become so tribal that people can’t even see through shite
Dumbass LSU fans, folks...
Posted on 3/29/26 at 6:55 pm to blueboy
Economically it's founded in the redistribution of wealth.
If you take tax money and give it to people who don't pay taxes, that's redistribution. If you take tax money and give it to tax payers, that's more akin to a refund or a tax reduction.
If you take tax money and give it to people who don't pay taxes, that's redistribution. If you take tax money and give it to tax payers, that's more akin to a refund or a tax reduction.
Posted on 3/29/26 at 7:01 pm to GRTiger
quote:That's a high taxation nanny state. True socialism doesn't require redistribution because the state controls everyone's consumption from the get go.
Economically it's founded in the redistribution of wealth.
quote:Half the country pays no taxes. This program is not confined to the kids of taxpayers.
If you take tax money and give it to tax payers, that's more akin to a refund or a tax reduction.
Posted on 3/29/26 at 7:03 pm to frogtown
quote:
quote:
Conservatives are against savings accounts?
No. They are against taxpayers funding the accounts.
Most of the funding is from parents or philanthropists.
A philanthropist can donate to specific accounts (zip code, street, city, etc..) They can donate cash. Or shares of stock.
Posted on 3/29/26 at 7:28 pm to meansonny
quote:
Most of the funding is from parents or philanthropists.
That still does not change the fact that taxpayers are funding the accounts at $1000 per account, which is something conservatives should be against.
That is my point.
Posted on 3/29/26 at 7:48 pm to Sp0728
Wasn’t this privately funded? 
Posted on 3/29/26 at 9:32 pm to blueboy
quote:
Half the country pays no taxes. This program is not confined to the kids of taxpayers.
Only US citizens qualify, and they must file with the IRS.
quote:
We're building long-term financial security for millions of children by creating tax-advantaged investment accounts for U.S. citizens under the age of 18. Fill out IRS Form 4547 when you file your taxes or by clicking below to make your election for the 2026 tax year.
This post was edited on 3/29/26 at 9:47 pm
Posted on 3/29/26 at 10:03 pm to DMAN1968
quote:
Of the ones who have already cashed out?
I don't.
This program just started, they can't cash out until they turn 18.
If they contribute absolutely nothing, they will collect $6,000 when they turn 18. If they contribute $250 per year, they will get $19,000 when they turn 18. If they contribute $5,000 per year, they will get $271,000 when they turn 18.
Posted on 3/29/26 at 10:17 pm to frogtown
quote:
That still does not change the fact that taxpayers are funding the accounts at $1000 per account, which is something conservatives should be against.
That is my point.
It isnt per account.
I have an account for my son. He doesn't have anything publicly funded.
Secondly, if this "thought experiment" saves the country from permanent Social Security, than it is the most important $1000 that we have ever spent.
This post was edited on 3/29/26 at 10:19 pm
Posted on 3/30/26 at 5:51 am to meansonny
quote:
It isnt per account.
It is for kids born during Trump's second term.
As of early 2026, the federal government provides a one-time, $1,000 seed deposit for "Trump Accounts" for U.S. citizen children born between January 1, 2025, and December 31, 2028
This post was edited on 3/30/26 at 6:13 am
Posted on 3/30/26 at 7:05 am to meansonny
quote:
Secondly, if this "thought experiment" saves the country from permanent Social Security,
This is "in addition to", not "instead of".
Posted on 3/30/26 at 7:55 am to frogtown
quote:
It is for kids born during Trump's second term.
That is what i said.
I have one for my son (17 years old).
It isnt per account.
Only children born in 2025 and 2026 have received the treasury funds.
This post was edited on 3/30/26 at 7:55 am
Posted on 3/30/26 at 8:02 am to frogtown
quote:
That still does not change the fact that taxpayers are funding the accounts at $1000 per account
How do you think social security is funded?
What is the difference between a payroll deduction from both the worker and employer and funds from the US Treasury?
How do you think the money got into the social security system?
How do you think the money got into the US Treasury?
You appear "angry" about something. And I don't think you need to be. Or maybe you need to be more angry about things like social security. Be consistent.
Employers have all but left Defined Benefit Plans behind.
Just about everything is a Defined Contribution Plan right now. Except for social security.
This is the first toe in the water. The government is about to catch up to the rest of the country in about 15 years.
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