Baby Bonds - Federal Gov. gives $1000 for each kid at birth

Baby Bonds is my favorite new rapper.

 

Regardless of the cost, the government doing forced investing of money into the stock market seems like a poor idea in general.

 

Why short-sighted?

 

If I am understanding this, assuming the SP x10 in 20 years, they can only pull out $2000 for college expenses?

 

that should be good for a textbook or two in twenty years

 

I used to feel this way, but the government's been backstopping the market as far back as the mid-90s. Any fear of corruption or meddling has been baked in and normalized.

What could possibly go wrong...

 

I keep reading " Baby Bonds" as Berry Bonds and thought I'd fallen into some Q Anon distopian reality involving Comet Ping Pong.

 

I believe the federal "baby bonds" funds are for kids born in the last 3 years, and Dell is covering the 4-10 years.

 

instead of making childcare, healthcare, education, and every day necessities more affordable for Americans, they propose little stopgap measures like this hoping the peasants will be satisfied with crumbs

lol

 

You can forgo your Baby Bonds, as can all other liberals, if you want to complain about these benefits.

Trump is planting the seeds of prosperity and teaching people to invest from an early age -- these are great things for society. So many poors are poor because they don't know how to invest. This traps them into multi-generational poverty. Their kids' kids will be living paycheck to paycheck. Let's put a stop to that and encourage ownership. That's why run down communities, such as urban inner cities, are so poorly maintained. No one owns anything. As an example, how many times have you washed a rental car? In similar fashion, the urban inner city folks do not take care of their apartments or housing projects because they don't own them. Ownership is the best hedge against inflation -- if you don't own, you rarely create wealth. An important lesson for all reading this to learn.


GOOD DAY

 

My baby is now $250 richer plebe

 

I want my baby bond baby bond boby bond..

 

So, apparently this was part of the Big Beautiful Bill and now some Billionaire is going to donate aka bribe 6.5 Billion? And he is going to do this out of the goodness of his heart LOL...................grift coming in 3..2..1

All children born between 2025 and 2028 will reap a baby shower gift from Congress and President Donald Trump: a $1,000 deposit into a “Trump Account.”

Think of "Trump Accounts" as seed money to encourage children and families to save and build wealth for the many expenses of adulthood.

“It’s an IRA for kids,” said Evan Morgan, a principal in the tax advisory group at Kaufman Rossin, an accounting and advisory firm, who spoke to USA TODAY in August.

Trump Accounts are part of the tax and spending package signed into law this summer by President Trump. They join a crowded field of tax-advantaged savings plans that help Americans navigate the costs of education, health care and retirement, among other things.

https://www.usatoday.com/story/mone...trump-accounts-for-kids-newborns/87564149007/

 

Well it is taxable when your child matures.
It's a great lesson for children.
Way to go kiddo. Your account yielded 25k.
Now give the Government 30%.

Still a good thing though. I think

 

I first read this as "Barry Bonds gives $1000..."

 

spoiler: they will be