Trump proposes government funded investment accounts for babies

Ah, the classic Marxist move of having babies invested in the capitalist stock market. This is like saying my Roth IRA is socialism.

 

When you're taking government funds to do it I'd say that's pretty good socialism there.

 

Like I said, I dont think the idea of socialism is to get people's livelihoods invested in the capitalist stock market. Now, when that money evaporates during one of the many, many crises of capitalism, then those kids might become socialists.

 

Well I'm sure trump didn't come up with this idea all by himself and there would be a slight benefit to Wall Street, getting another $3-4 B per year to administer and invest (fees). Also, a cynic might think this is a precursor for again trying to move Social Security funds into the stock market for future generations.

 

I’d be for this if they defined “newborn” to be someone born in June 1966.

 

I believe this was on of Cory Booker's policy proposals from four years ago.

I think it is a good idea but there would have to be some very, very strict rules about the money put into these accounts. For instance: 1. The account would have to be in a private institution under the name of the child and the government cannot touch it after that. 2. The parents cannot withdraw from it or take out loans against it. 3. The child cannot withdraw from it or take out loans against it until they are 50.