Yesterday Donald Trump hosted an event in the Oval Office to announce the automatic enrollment of around 70 million American children into so-called “Trump accounts.” These are intended as low-cost investment accounts for kids, and children born in the last three years are eligible for a $1000 seed contribution.
As far as Trump administration policies go, at least on the surface, this seems like a fairly benign one. In attendance were Trump, Treasury Secretary Scott Bessent, IRS CEO Frank Bisignano, Ted Cruz, Dell CEO Michael Dell, and his wife Susan (who also spoke).
