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This piece of news has me very excited. The idea of every child getting a $1K S&P 500 starter account at birth, per the Invest America Act, is indeed groundbreaking. It could set kids up for a strong financial future by giving them an early start in investing, time in the market is huge, growing that initial amount significantly over time.

Kudos to Brad Gerstner for proposing such an innovative concept—it’s a bold move to empower the next generation financially right from the start!

So excited. Every country should do this.

h/t Sanjay for the image

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CRlito Harnisch

Yeah that will juice up the depth spiral.

My name is

Give that man a knighthood finally someone has realised that the problems we create our children need to solve Might as well give them some education as well

Tobo

Too bad it’s not $1k bitcoin at birth.

JobberWokker

Well not exactly. It’s every child born between Jan 1, 2025 and Dec 31, 2028. This is one of those awesome things that if we want to keep then it’s going to have to be fought over again and if we know the current state of the democratic party, they will fight against anything related to Trump no matter how well it serves the citizens.

TWATOSHI

UAE been doing it at 60k for years , they’re all oil rich

HighDef

They'll need education to figure out how to get trillions out of debt while also addressing climate change, green energy, and bringing back science and common sense.

Strongberg

More deficit spending on programs we don’t have money to fund. This is why Elon is forming the American Party.

pjd1976

Be better to give them btc

Chuck3Putt

Not a fan of bloating the deficit more, but I think this is something that should have happened decades ago. Set it at a minimum default pullout age (59-1/2) and it creates an incentive to growing it. This is money better spent than most programs that they are in control of.

Fiat Turds

Social handouts, covid money drops, and now this. UBI is more inevitable every day in my mind. Then stack robotic autonomy, FSD and AI on top… what will the people do? So many people will lack a purpose. The days of bitching about the job you don’t love will soon be over.

Bob your uncle

would be fine if they offset it by reducing social security. no, wait, that's also socialist. hmm. Once 51% can vote to steal the other 49 percents income, they do. Every time.