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Started By
Message
re: 4 million children have claimed their Trump accounts
Posted on 3/30/26 at 8:30 am to meansonny
Posted on 3/30/26 at 8:30 am to meansonny
quote:
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.
I simply replied to a poster who commented about whether or not these accounts,that were funded with some government funds either totally or partially, fit conservative ideals. I opined they did not.
This post was edited on 3/30/26 at 8:44 am
1
Posted on 3/30/26 at 9:03 am to Sp0728
quote:
If Obama or Senile Biden passed this, yall would be in an uproar.
If they did this it would only be for poors.
Posted on 3/30/26 at 9:30 am to frogtown
quote:
, fit conservative ideals. I opined they did not.
Self directed retirement is an extremely conservative ideal.
Personal responsibility and accountability.
We will have to agree to disagree, there.
Posted on 3/30/26 at 9:41 am to Sp0728
Rescind all payments to illegals thereby paying down.
Posted on 3/30/26 at 11:10 am to meansonny
quote:
Self directed retirement is an extremely conservative ideal.
When the government doesn't provide any funds for it, it is. You should already know this.
I agree with setting up tax free accounts at birth. The problem comes when you ask me, the taxpayer, to fund it.
Let me tell you where this is headed.
At some point in the future the Democrats will regain power. They will co-opt this program in short order. Using government funds in these accounts is their idea BTW. Most recently in a 2023 bill authored by Ayanna Pressley and Cory Booker.
You can expect this program to grow both in size and scope. The seed money will increase and perhaps there will be a yearly cash infusion.
This will be done in the name of closing the wealth gap.
In the end, it will just be good ole fashioned wealth redistribution.
This post was edited on 3/30/26 at 11:16 am
Posted on 3/30/26 at 6:04 pm to frogtown
quote:
At some point in the future the Democrats will regain power. They will co-opt this program in short order. Using government funds in these accounts is their idea BTW. Most recently in a 2023 bill authored by Ayanna Pressley and Cory Booker.
David Sacks and Brad Gerstner are the biggest internal proponents to the Trump Accounts and design.
whitehouse.org press release June 9 2025
Trump Accounts for newborns will be seeded with a one-time government contribution of $1,000. The accounts will track a stock index and allow for additional private contributions of up to $5,000 per year. This will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning.
Gerstner pitched it to the Biden presidency, too. He was ignored. It is a non-partisan platform. Even without the $1000, it promotes everything that conservatives want. Buying into capitalism, investment, and ownership.
Almost every corporation in America has ditched defined benefit plans for defined contribution plans. It is about damn time that the US government follows suit.
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