Utopia Talk / Politics / Dell donates $6.25 billion for US kids

murder rank	Tue Dec 02 23:35:20 Michael and Susan Dell donate $6.25 billion to fund ‘Trump Accounts’ for millions of American kids Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward helping fund “Trump Accounts,” a new initiative that offers investment accounts for children. The “Trump Accounts” were established as part of President Donald Trump’s “One Big Beautiful Bill Act” and are set to launch in 2026. The Treasury Department is set to deposit $1,000 into the account of every eligible US citizen child born from January 2025 through December 31, 2028. The Dells’ charitable gift will go toward children ages 10 and under who were born before the cut-off for the Treasury’s funding. The Dells’ donation will fund $250 deposits for investment accounts for at least 25 million children, resulting in a total gift of $6.25 billion. Read the rest here: https://ww...n-dell-donation-trump-accounts
obaminated rank	Wed Dec 03 03:38:40 Genuinely hope the parents cant touch this money.
Rugian rank	Wed Dec 03 03:41:51 And I really hope the next president changes the stupid name.
Pillz rank	Wed Dec 03 04:51:28 I'm sure the very first motion tabled under AOC's first term will propose to rename them Drumpf Accounts, and eventually it'll be amended to name them People Accounts with funding to institute them for illegals.
Rugian rank	Wed Dec 03 05:14:21 God help us, AOC would be our next president the way things are going.
Pillz rank	Wed Dec 03 06:53:21 Trump 2028 baby!
murder rank	Wed Dec 03 13:29:24 lol @ the idea that $1000 or in this case $250 is going to amount to anything for these kids. This is what you do when you don't want to do anything for kids, but you don't want to make it too obvious. -
murder rank	Wed Dec 03 13:33:27 "Genuinely hope the parents cant touch this money." You're worried about $250 dollars? That's petty theft. This administration is cutting thousands of dollars of aid per needy child per year, and you're worried about walking around money? -
obaminated rank	Wed Dec 03 21:32:48 Lol, murder thinks it will remain 250 for 18 years.
Forwyn rank	Wed Dec 03 21:39:17 The magic of compound interest depends on the length of time accruing, and most people do not have investment accounts before 18. A $1k account at birth, with 20 bucks added per month, at 5% interest, will be $130k at 65. That's a pretty good additional chunk for folks that otherwise might not have started investing until they were 28 at their first big boy job.
murder rank	Thu Dec 04 01:12:54 "A $1k account at birth, with 20 bucks added per month, at 5% interest, will be $130k at 65." No it won't be ... because that money will be needed to make a tiny down payment on their college education ... assuming it's not needed for food or medicine long before then. Also, by the time a child born today reaches 65, $130,000 will be worth about $1000 in today's money. -
obaminated rank	Thu Dec 04 04:41:57 Murder, just take the L. You are complaining about what, exactly? That this won't set children up for life?
murder rank	Thu Dec 04 16:26:16 That depends on the complaint you are referring to. The money involved in this is insignificant. "Trump accounts" are just another way of getting Trump's name on something that he hopes will last. Dell's donation is just a way to suck up to Trump ... even though the "Trump accounts" he's supposedly donating to don't qualify as "Trump accounts". And as for parents getting their hands on the money, apparently the money is locked up until the child turns 18 or dies, so you don't have to worry about that. "Trump accounts" are just another tax free wealth transfer vehicle for the middle and upper middle class.
	show deleted posts

Your Name:
Your Password:
Your Message: