Trump Accounts
Commentary
See also Social Security for more detail - this is an admitted backdoor for privatized social security.
2025 July
2025-07-31 Treasury Secretary Scott Bessent clarified that “Trump Baby Accounts” were intended to supplement, not replace, Social Security. However, reports also indicated he previously referred to them as a “back door for privatizing Social Security”.
2025 December
2025-12-02 Reports described “Trump Accounts” funded in part by major private donations (i.e. Michael and Susan Dell donated $6.25B) and designed to provide investment accounts for children born on certain years and within certain zip codes.
https://www.npr.org/2025/07/08/nx-s1-5455647/trump-accounts-babies-what-to-know’
2026 May
2026-05-08 During a Milken Institute panel, Ted Cruz described Trump Accounts as a “dirty little secret” for advancing privatized Social Security through accounts created for newborns, and an article quoted him as saying, “it’s because we gave the money to babies so the old people didn’t get pissed”.
https://thehill.com/homenews/senate/5870394-cruz-trump-accounts-social-security/
https://www.youtube.com/watch?v=HHWRF5XGjf8&list=WL&index=1&t=144s
2026 October
2026-10-13 Trump’s treasury department created Trump Accounts, enrolling more than 60 million children. Families will not be able to reject the individual stocks from Trump supporters and will be required to keep them for five years. Does this set precedence for financial allegiance?
2026-10-20 Musk vowed to issue SPCX stock to kids, ensuring his company success and support via investments. Does this set precedence for financial allegiance?
https://finance.yahoo.com/markets/stocks/articles/elon-musk-says-hell-away-095008135.html
https://www.yahoo.com/news/politics/articles/elon-musks-10-billion-share-105109323.html
https://www.wsj.com/business/musk-vows-to-give-each-u-s-child-a-spacex-share-273bc71c