Click on the image if you don’t recognize him.
Trump baby accounts
Socialism, bribes, welfare, they are all the same, so what I don’t understand is why all the anti-socialist screamers are not screaming their lungs out.
How it will work
U.S. Sen. Ted Cruz scored a coup earlier this year when he got his legislation creating retirement funds for children — nicknamed Trump accounts — included in President Trump’s One Big Beautiful Bill.
Now that the legislation has become law, newborns will be set up with retirement accounts like those typically held by working adults, with the expectation that the money saved will have an extra two decades in the financial markets to grow. And for those children born between 2025 and 2028, the federal government will help out with a one-time, $1,000 payment.
They love MAGA socialism so much that the State of Texas may get into giving money to people who have not earned it. I guess who is giving the money away is what makes the MAGAs love socialism or hate it.
Lt. Gov. Dan Patrick says Texas should create its own version of President Donald Trump’s new child investment accounts, announcing that the state should provide every Texas newborn with an additional $1,000 in publicly funded, long-term savings beginning in 2027.
The initiative mirrors and expands upon the federal Trump Accounts program created under the One Big Beautiful Bill Act of 2025, which seeds every American newborn’s account with $1,000 that cannot be accessed until adulthood and grows through investment in a broad U.S. stock-market index. The accounts are intended to accumulate wealth from birth and teach families and children long-term financial planning.
In a post on X, Patrick said he “loves” Trump’s idea to invest $1,000 at birth that “cannot be spent until age 18 and must be used for education or other qualifying expenses,” and he applauded Texans Michael and Susan Dell for contributing $6.25 billion to help launch the federal program.
Did the MAGAs suddenly get a heart and start caring about people?
I wouldn’t bet money on it, as I believe they want to help their investor friends, who tend to fund their campaigns and give lucrative jobs or contracts to politicians or their families.
The benefits of the program will be investors who are sullivating at the thought of billions of dollars invested in that crap table called the stock market.
Accounts are limited to investing in mutual funds or exchange-traded funds tracking a stock index like the S&P 500 — trading in individual stocks is prohibited.
Cruz has credited his interest in the ideato Brad Gerstner, founder of Boston-based Altimeter Capital, and predicted earlier this year the program would one day be viewed as a “landmark achievement.”
I have nothing against the program, but let us call it what it is, socialism. It turns out that socialism isn’t so bad; it all depends on who comes up with the idea and gets credit for it.