Trump Accounts: A branded baby-bond scheme with political overtones
The article discusses Donald Trump's "Trump Accounts" initiative, where $1,000 will be invested in American stocks for babies born between 2025 and 2028, accessible when they turn 18. The scheme includes top-ups from billionaires and companies, and allows parental contributions. The piece critiques the branding and political nature of the program while acknowledging it contains the seeds of a potentially good policy idea.
Key quotes
Donald Trump likes putting his name on things, from Manhattan skyscrapers (with permission) to Washington's Kennedy Centre (without).
Babies born between 2025 and 2028 are getting 'Trump Accounts': $1,000 invested in American stocks, which will be theirs to spend when they turn 18.
The grubby scheme contains the seeds of a good idea
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