So this amounts to putting $1000 per new baby of government money into the hands of Wall Street speculators. Essentially welfare for the rich. Remember how fast we shot down GWB's proposed privatization of Social Security for the same reasons?

He’s jealous- he so wants to change sex!

MAGA crypto bros can’t show proof of work themselves even with ai. But they have built a credit stack to heaven.

$1000 savings with 4% compounded interest over 65 years yields $12,798, assuming you don't pay any fees. Have a juicy retirement!

I’m sure the fees will be extreme too; those accounts are 100% a grift of the financial managers.

Make America grift again

Every time I see his pic I want to slap the smug right off of his face. I haven’t reacted that way in many years.

That’s all they do- keep saying the quiet part out loud and appealing to the ignorants based instincts.

Old boys morbidly crazed by how little future they can expect — in comparison to disgusting little spoiled and soiled rugrats and other brats that hasn’t been doing anything for 50 plus years to deserve much more youth and future than them old boys. The least they can do is taking the future away😶

Must get tiring to lie to US citizens all the time.

If Scott Bessent is so damned smart about economics. Why in the hell isn't he advising tRump on the wise things to do? Instead, he blindly capitulates to a failed business man.

He says things publicly every day that would earn an instant F on any freshman macroeconomics quiz in any college anywhere.

The Big Swindle by Wall Street and crypto bros.

Yep, it's their way to start the privatization of social security, which has always been one of their biggest desires. They'll get their way- someday.

Thet don't want to Privatise it, they want to destroy it, some parents can afford to create trust funds, these children will get healthcare, these children will be educated,they will be the new aristocracy. Some of the peasants will be allowed to serve their masters as slaves, the rest can die

www.nytimes.com/2025/07/30/b... Privatizing it will make corporations, and those who own them richer, which is their goal. Corporations will put limits/restrictions on everything, which will destroy it. SSI needs to be federally funded/controlled to keep unbridled capitalism from destroying it.

It's not even about profit, it's about total control of the peasants. The US still has a limited form of social security net, that means people have some options, that is unacceptable in Feudal society, everyone must know their place, and there can be no other option but comply

Greed is always a motivating factor. That said, conservatives like plans that can do two things (or more) at once. They can control people even more when they (corporations) control their healthcare AND retirement. Full stop.

I See your mistake there. You naively believe there will be healthcare for anyone other than the aristocracy. And that People will be allowed to retire. You will work until you die, then another will replace you

Never said "everyone" for either. The poorest have always suffered with little to no coverage or retirement- conservatives will do nothing to change that. The middle-class will be reduced, as a result of their policies. However, they will still try to profit from and control as many as they can.

The end goal is the destruction of the Middle Class. Aristocracy and Serfs, that's the new social order, with a small cohort of what the Americans would refer to as 'Uncle Tom'

........

Stooge!

Another way to make US taxpayer's money disappear into the pockets of the creepy drumpf family...

🎯🎯🎯

If I put the $1K in a CD for 66.5 years (the retirement age right now} and the average interest rate is 5% (that's higher than actual), I'll have about $27,000. Sounds good until you plug a 3% inflation rate. Then the buying power of your money is $3,600.

Fuck this jackhorn!

Shit Eater Bennett... Just imagine ending your career after serving an idiot... you are a very dumb person, Bennett, following that idiot Trump with his faulty leadership, terrible reputation sexual predator and a man without honor or character.

BENNETT is supposed to be brilliant and decent. I guess when we look at Trump Administration, we find that we can't use adjectives to define stupid FUCKERS HELP THE TRUMP IDIOT DESTROY OUR COUNTRY. The CABINET is the worst SCUM OF THE USA ... let the sexual predator parade start with TRUMP.

95% of these accounts will be gone by the time the kid reaches 31, which is the age at which they have full access - after paying capital gains taxes.

Treasury Secretary Scott Bessent turned heads after admitting that Trump's proposed savings accounts for babies is actually a "backdoor for privatizing Social Security." -That says it ALL. Jesus Christ, it never ends.

Bessent is on drugs all the time. Only explanation for his masochistic obsequiousness and demonstrably false economic assertions all day every day.

And this is the party of "law and order," "traditional family values," & "responsible government spending." It's been clear for years that the republicans practised none of the things they preached, but under trump it's become so blatantly obvious and persistent it's an insult to the intelligence.

Really despicable!

Weren't they the ones accusing Democrats of politically motivated handouts? I keep getting confused.

What handout? No one will EVER see it.

The one that they will brag to all the voters about, before they take it away in the next tax bill.

One would think If they keep using same playbook? Other than their Fools Boycott every Grift. This ability to Bankrupt Multiple brand Names And still continue as head. Is Bonkers. People go to jail for Bad decisions for life Why is there no Bankruptcy Limit!?

It’d be far more sensible to put this money towards post secondary school training, free of tuition whether it be college, or trade schools. This is where our country most fails our children, after healthcare, another place to send this apparent surplus of money the GOP won’t outright acknowledge.

How long until the GOO takes out loans against these accounts and then bankrupts them all?

8647

And another guy who supports child rapists. May be a pedophile himself. Bring on the unredacted #EpsteinFiles

Free market cheaters always want more money for their cheating, and have no problem allowing others to suffer for it. Some people actually work for a living unlike these finance wierdos.

Whoopsie 🤣🤣🤣🤣🤣