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Johnny2X2X

(24,647 posts)

34. With new information, I am changing my view

Reply to a kennedy (Reply #25)

Tue Jul 7, 2026, 10:42 AM

Jul 7

https://www.cato.org/blog/trump-accounts-good-idea-bad-design

They're dumb and the only concretely worthwhile aspect of them is the free $1000K for very young children. They're basically going to be double taxed and it would be better just to put the money into a regularly brokerage account for your child both for tax strategy and investment options.

The only other tangential benefit I can see is that maybe it gets more people to invest for their children who wouldn't have done it without these new accounts.

Dems would be smart when they regain power to fix them, take away the name on them, and provide serious tax benefits to them.

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Highlight:

Trump to host opening bell ceremony Monday to celebrate Trump Accounts [View all] BumRushDaShow Jul 6 OP

Shameless. mahina Jul 6 #1

Take note... Hugin Jul 6 #2

ETTD. You've been warned. Ray Bruns Jul 6 #7

Big sell off today? chicoescuela Jul 6 #8

No idea. Hugin Jul 6 #13

They usually are. Thank you chicoescuela Jul 6 #31

They'll have to get to 20500 somehow. A rented jet is my guess. mahatmakanejeeves Jul 6 #3

Done in the Oval Office BumRushDaShow Jul 6 #17

Amtrak 97 was oner nine hours late at Richmond this morning. mahatmakanejeeves Jul 6 #19

There is ongoing flooding here now BumRushDaShow Jul 6 #23

Thanks for the photo, BRDS. ❤️ littlemissmartypants Jul 6 #32

Alt text: littlemissmartypants Jul 6 #33

How will Visa Trump Pedo Account holders feel Submariner Jul 6 #4

I'm sure must be wetting his beak somehow in this. Is it tied to one of the family's financial investment companies? Vinca Jul 6 #5

Foxtrot Delta Tango CapnSteve Jul 6 #6

I assume there's an account management fee involved? Ilsa Jul 6 #9

ETTD. Ray Bruns Jul 6 #10

Despite his financial advisor encouraging him to do so, Wuddles440 Jul 6 #11

Good going ! dave99 Jul 6 #29

They were advertising "Trump accounts" on MS.NOW over the weekend. CousinIT Jul 6 #12

Were they paid-for ads, or was it a news story about the "Trump Accounts"? FakeNoose Jul 6 #14

They were paid ads. CousinIT Jul 6 #22

I hope he over sleeps and nobody wakes him. littlemissmartypants Jul 6 #15

and he's keeping the damn bell he rang to open the stock markets!!!!!! HE's KEEPING THE DAMN BELL!!!! a kennedy Jul 6 #16

Rare to see you here BumRushDaShow Jul 6 #18

🥰 a kennedy Jul 6 #24

Such a sleaze. efhmc Jul 6 #30

trump just admitted that he's going to take the bell that he rings to open the NASDAQ and NYSE LetMyPeopleVote Jul 6 #20

I recommend opening one of these for your children Johnny2X2X Jul 6 #21

Sorry, I just don't trust ANYTHING that he's connected with. Don't trust him AT ALL. a kennedy Jul 6 #25

They're regular IRAs Johnny2X2X Jul 6 #27

With new information, I am changing my view Johnny2X2X Jul 7 #34

Now you're talking, some good ideas. a kennedy Jul 7 #35

What will the money be invested in? Turbineguy Jul 6 #26

shitstain & family ROBBING from children. It steals from every age. dave99 Jul 6 #28