Quietly embedded in the One Big Beautiful Bill is a provision to provide a one time $1,000 payment from the government into an investment account for children.
The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, allows millions of babies born in the U.S. to receive a $1,000 “Trump Account.”
These accounts, which are created by the government for those under 18 years old, are designed to help young people start investing early.
“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,” the White House said.
Children born between Jan. 1, 2025 and Dec. 31, 2028 are eligible for a one-time $1,000 payment into their Trump Accounts, courtesy of the federal government.
Parents and relatives can contribute up to $5,000 each year into the account until the child turns 18 years old. After 2027, the $5,000 number may be adjusted for inflation.
The child can access the money, which must be invested in low-cost stock mutual funds or exchange-traded funds like the S&P 500, once they turn 18 years old.
Now at first this might seem like a laudable move. Giving babies “free” money, who could be against that?
Me for starters.
First of all, nothing is free. In a nation that has run trillion+ deficits for a long time any new spending is “paid” for by borrowing make-believe money. At this point it is all so fake and gay that I don’t necessarily object to spending made-up money as a matter of principle but there is plenty more reason to object to this.
Like for example the fact that close to, if not more than, half of all newborns in America are other-than-White. Who will be paying for this? Whites of course. While we are barely a majority in our own country these days, we are a distinct supermajority when it comes to paying taxes.
What this amounts to is just another way of transferring wealth from White taxpayers to non-White benefit leeches. I don’t believe that is what Trump intended but it is often the case that legislation is passed with the best of intentions only to become a nightmare in practice.
Finally….the money can be accessed at age 18. I have recounted this before but as a bank manager in Northern Michigan I had a handful of customers that were members of a local Indian tribe. The younger Indians would get cash payments from the government when they turned 18, it might have been a little more complicated but that’s the gist of it, and almost without exception they blew through that money in no time and never on anything useful.
Imagine yourself at 18 and suddenly having access to a few thousand dollars. Now you can sit on that money and let it keep earning interest until you need it for something significant like a down-payment or your future children’s education…or you can cash it out and spend it on something right away, maybe something frivolous or maybe something like rent or food.
The bulk of my corporate career was working with retirement plans, 401(k) or 403(b), and when people leave their employer they can either leave the money in the plan if they have a large enough balance, roll their balance over to a new employer plan or a special type of IRA or cash it out, paying taxes and usually penalties.
Guess what most of them did.
They cashed them in, took the penalty and spent the money again on something frivolous or on something critical. Either way the money was gone.
There is little reason for me to expect anything different here, especially as this is “found money” that they didn’t invest themselves. When given access to what seems like a windfall (most people especially at 18) are going to take the money and blow it. That is not how you “build wealth”. Building wealth requires a certain mindset and not many young people have that mindset. This is why young Amish sign their paychecks over to their parents, I know some that make close to or above six figure incomes in their early 20s but their father controls their money until they get to a certain age or get married.
Why was this created? Look at the subheading on the screenshot above. It’s a quote from David M. Solomon, the CEO of Goldman Sachs (and yes he is). I would bet a bunch of shekels that Goldman will be involved in these plans. I would also bet that whichever firms are acting as the custodian for these accounts are getting paid for it because no one does that stuff for free and who wouldn’t want a bunch of accounts that are generating management fees but require next to no maintenance? There are something like 3.6 million babies born in America every year, it doesn’t take much of a management fee for that to start becoming real money.
This is going to be another stupid boondoggle and it won’t accomplish much other than lining the pockets of investment firms and the sellers of spinner rims and gold teef when these kids turn 18.
“What this amounts to is just another way of transferring wealth from White taxpayers to non-White benefit leeches.”
Bingo! And, as you said later, the funding will be handed over to jews to “manage” before doling what’s left out to Chimpwanika, Boontaurius, Paco and Yisleidis.
You can bet none of this will be audited. That would be anti-semitic! It’s just another kosher scam brought to you by Trumpenstein and CONgress. NONE of it is with the best intentions!!
Like reparations when they finally get passed (when whites become a minority) the big investment houses will get to manage the money. There’s no way the government is going to give the 2G’s money to spend. It’ll be a black annuity with an annual payout with a lot of commissions.
Much of it will be filtered through “community activist” groups where a ton of the cash will be siphoned off.
When I worked at a company that distributed profit sharing as a 401k contribution, there was a line outside of HR every year the week after funding of coworkers paying the penalty to get the money now. All white. And not so smart about money. The founders were trying to encourage longer range thinking, but for the most part it didn’t work as intended.
Wonder if our side will ever figure out that the only way we survive is to have our own Homeland again otherwise we will continue to be used like cheap hoes…
+1000
Believe me when I tell you that the welfare queens are counting the days until Leequishious turns 18.
—–We need our own White Country——–
After they spend it on rims and gold teef, they will demand reparations
That is why they never give a specific amount for reparations because no matter how much it will never be enough.
The keep CPUSA (D) cities from burning down fund?
The riot funders are way ahead of the best government that shekels can buy.
Be all smart n’ stuff these wizards of smart.
Honk, honk.
The Big Beautiful Build Back Better Bunker Buster Mother Of All Bills is sure to be a legislative g(r)ift that keeps on giving.
The Jooish Industrial Complex, otherwise and heretofore known as The KIK (kikel industrikal komplex) has infiltrated everything including MAGA and the conservative media and there is no way they will relinquish their stranglehold on the west whom they are foresworn and genetically hardwired to serve to destroy.
Is Trump a joo? Or just an idiot? Has his admin been infiltrated by joos? Or just idiots? Possibly all of the above.
“Trust the plan” seems out of season. Passe even. Perhaps we’ll be gifted/instructed in a new motto/course of action shortly.
Welcome to America’s Golden Age.
PS-I’m going to boycott Circle K convenience stores just to be safe.
Ozark,
Speaking of Elon And President Trump importing a few million H-1B types:
https://odysee.com/@thisworldworks:1/s1MyMcqGMumpVTsa:6
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Eighty minutes of bathing in sewage, teeth brushing with sewage, leaving human sewage anyplace and everyplace as a community bonding experience.
Yeah, my first thought was who is gonna manage that money? Yeah, I guessed right. The wealth transfer is just more of the same.
oh for sure it’s a grift and the banking houses are making their clipped 1% or so
But look, the government gives a $1000 right out of the money printer and only once.
after that parents can contribute up to 5000 dollars a year.
So Qaneesha? she’s getting $1018 when she’s 18 (cuz you know it’s “invested” in something dumb)
Jim Smith? He’s probably getting $200k (that his parents probably aren’t gonna tell him about/pay for college/buy a house/start a business.
The Asians for sure are getting 200k
Shoot even if the parents just put 5k in the first year, ti’s gonna grow considerably. The chances of blacks doing that is pretty close to zero. Most of the smarter people will put in a bunch.
Of course 18 years from now we’ll have to hear about how ti’s not fair that Qanessha ain’t got no money.
I read somewhere a few years back that the average net worth of black women in this country is five dollars. That’s not a typo. Just five bucks.
When I mentioned this in a comment on a dissident website, some wag responded, “That can’t be right. Who’s lending them a fiver?”
Did you respond you and me Brother you and me…With a gun held the our head of course…
As always, there will be limits on who gets this frivolous windfall. During Covid, the multiple (2? 3?) handouts of goobermint cash never came anywhere near us, because as a working White collar couple, my wife and I were penalized for our audacity in earning too much honest income. But we certainly paid for it with our ever-increasing tax burden.
And riddle me this, Batman. What about children born to illegals? Surely they are not going to be denied this latest handout, especially in the bleeding heart blue states. Isn’t this just going to be one more inducement for the entire 3rd world to sneak in (as if any more encouragement is needed)? Maybe outlaw birthright citizenship first, before taking this next step toward Universal Basic Income for non-Whites.
I hope this is just the latest installment of Trump-trolling to set the lunatic left foaming at the mouth. Rooting out corruption and grift is a great idea in theory, but not if any related savings are frittered away on stupid giveaways like this one.
Well, after the value of $1000 dollars is eaten up with all of the inflation over the course of years, along with the “management fees”, what’s left will be pocket lint. And for many families putting more money out of reach when they are scrambling just to make ends meet? Not gonna happen.
These are “reparations”, and at the same time an incentivization to push out more kids ‘cause people who have no money sense and high time preference react to the smell of money.
Because a $2200 per child deduction and heavily-subsided schooling (I refuse to use the term ‘education’) at the expense of victimized property owners isn’t enough.
Schools haven’t meant education for a long time
My bet is that this taxpayer money that will be managed investments will be primarily used for ETFs and other synthetic products to prop up stablecoins.
The stablecoins are a stealth QE method to provide demand for US Treasuries to help with sagging sales to foreign investors. This is why yields remain stubbornly high, and especially the 10 year (which is what mortgages are based on).
If the Fed does it by expanding their balance sheet and monetizing the debt by indirectly buying Treasuries through primary dealers, it leads to runaway inflation like we had during Covid.
The stablecoins are also a way of bypassing SWIFT for people that want to settle payments in dollars but not use the weaponized Western banking system.
It’s all actually pretty smart but in the end it’s just plugging holes in a dike that’s going to fail anyway at some point.
Someone is going to benefit bigly but it won’t be the children
Yup. Just cut the taxes, cut the services.
Wall the cities, cut utilities, cut food deliveries.
Air-drop pallets of ‘special’ AK-47 rifles with five cartridges each.
Cannibals will deal with the troublesome 13/96 issue.
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Disclaimer:
For entertainment purposes only.
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Caution:
Normal folks are warned to avoid operating these rifles… they are designed to fail spectacularly.
And if Air Force One goes down inside that walled city (during any administration), we’ll just tell Snake Plissken to sit this one out.
Or maybe just rescue Adrienne Barbeau.