Scott Bessent recently outlined a proposal that would fundamentally reshape how American families build wealth. The plan? Setting up investment accounts for newborns—every single one, not just those from affluent backgrounds. These accounts would be linked directly to U.S. economic performance, letting them compound over decades. It's essentially creating a nationwide wealth-building mechanism from day one of life. The concept aims to give ordinary families skin in the game, turning economic growth into something tangible for the next generation rather than an abstract statistic.
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DataBartender
· 18h ago
Wow, isn't this basically a way for ordinary people at the bottom to also enjoy the dividends of economic growth... It sounds great, but when it comes to implementation, it all depends on how the federal government handles it.
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AlwaysAnon
· 12-03 23:03
Bro, this idea sounds a bit far-fetched. Can it really distribute money to regular people?
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WhaleSurfer
· 12-03 23:01
This idea sounds pretty nice, but when it comes to actual implementation? Heh, I doubt it.
Tied to economic growth from birth—whose growth are we talking about? The Fed's?
How much will ordinary families really get from this? I’m skeptical.
Good things like this are usually leftovers after the rich have had their fill.
Just another new trick to fleece the masses—if you believe it, you lose.
Have they even considered what happens during an economic downturn...
Sounds good, but in the end, it's just another way to squeeze the middle class.
Just listen, don’t take it seriously.
Why does it always sound so promising, but once it gets to ordinary people, it changes for the worse?
This is exactly like what they said during the pension reform.
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GoldDiggerDuck
· 12-03 22:55
Does every newborn have an investment account? That sounds too idealistic—is reality really that wonderful?
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BlockchainDecoder
· 12-03 22:43
From a technical architecture perspective, this solution essentially shifts stock market risk onto infants, which is a bit absurd...
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SatoshiChallenger
· 12-03 22:35
Yet another genius scheme that thinks it can solve the wealth gap [sarcastic laugh]
Data shows that every time this kind of "universal welfare account" has been tried in history, it ultimately became a disguised tax shelter for the wealthy.
The irony is, wealthy people have long been managing finances for their children. Does this system actually help those families who don’t even have spare money to invest?
From a technical perspective, it is indeed innovative, but as for the business logic... well, I have my doubts.
Scott Bessent recently outlined a proposal that would fundamentally reshape how American families build wealth. The plan? Setting up investment accounts for newborns—every single one, not just those from affluent backgrounds. These accounts would be linked directly to U.S. economic performance, letting them compound over decades. It's essentially creating a nationwide wealth-building mechanism from day one of life. The concept aims to give ordinary families skin in the game, turning economic growth into something tangible for the next generation rather than an abstract statistic.