Latest / The Greedy Mofos Podcast
The $1,000 Baby: What's Really Behind "Trump Accounts"
The so-called "Trump Accounts" provide eligible newborn American children, courtesy of President Donald J. Trump, where the government drops $1,000 into a savings account. Sweet deal, or a taxpayer-funded branding exercise with a Wall Street pipeline attached? Let's follow the money.What's actually in the fine print: it's a kids' IRA for babies born 2025–2028, capped at $5,000/year in contributions, locked till 18, invested in index funds. The catch nobody's shouting loud enough about is that it's the wealthier families who can max the $5,000 that will benefit the most. The money's taxed as…
The skinny
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