Trump Accounts: The Defining Policy of Americas 250th Anniversary
U.S. Department of the Treasury18 hrs
Trump Unveils $1,000 Investment Accounts for U.S. Children
Do Trump Accounts democratize wealth for all Americans or primarily benefit the wealthy?
Above: U.S. President Donald Trump at the Andrew W. Mellon Auditorium in Washington, D.C., on Jan. 28. Image credit: Win McNamee/Getty Images
The Spin
Pro-government narrative
The Trump Accounts are the most significant wealth-building innovation in modern history, democratizing capitalism by giving every American child a financial stake in the country from birth. These accounts will help prepare a generation of children for life, offering a realistic pathway to achieve the American Dream and the prosperity that comes with it.
Government-critical narrative
Instead of providing each American child with an equal opportunity to grow, these accounts will only widen economic inequality, with wealthy families better placed to take full advantage of the product than their poorer counterparts. If the administration really wanted to provide Americans with an economic stake in the country, they should consider proposals such as a universal basic income that treats all equally.