The Big Beautiful Bill has a provision for “Trump Accounts” 

$1k to every new baby invested in the stock market on their behalf 

“Accountholders would only be approved to be spend investment funds on prescribed costs, such as a down payment on a home, education-related expenses, or starting a small business. Use of the funds to pay for unapproved expenses would subject accountholders to penalties.”

“Half of the funds could be withdrawn when a child turns 18, at which point the account's gains would be taxed at the long-term capital gains tax rate, so long as the money were spent as directed.”

Such optimism assuming it’s up only in perpetuity! 

Feels like a lot of these kids could use the cash today, although of course a lot of parents would abuse that

The Big Beautiful Bill has a provision for “Trump Accounts” 

$1k to every new baby invested in the stock market on their behalf 

“Accountholders would only be approved to be spend investment funds on prescribed costs, such as a down payment on a home, education-related expenses, or starting a small business. Use of the funds to pay for unapproved expenses would subject accountholders to penalties.”

“Half of the funds could be withdrawn when a child turns 18, at which point the account's gains would be taxed at the long-term capital gains tax rate, so long as the money were spent as directed.”

Such optimism assuming it’s up only in perpetuity! 

Feels like a lot of these kids could use the cash today, although of course a lot of parents would abuse that 

https://www.cbsnews.com/news/trump-accounts-for-newborns-1000-bill-cbs-explains/

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

I make rockets IRL.
I reserve the right to shamelessly recast for degen reasons. 
Soldier once upon a time.

Hard for me to assess how much impact this will have. There’s a lot of money in the markets, not that many kids born all told. Sweet gig for the money manager for sure

Sounds to me like they’re looking for an excuse to dump tax dollars into the stock market to make stocks go higher.

exit liquidity from the moment of birth
🫵😹🇺🇸🦅

Canada Child Benefit go brrrrrr

https://toronto.citynews.ca/2023/07/20/families-get-boosted-canada-child-benefit-through-sizable-cost-of-living-adjustment/