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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: g0177325 ⎊✺🐝  😊 😞
Number: of 86269 
Subject: Trump Accounts?
Date: 07/06/26 11:21 AM
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Smells like just another Trump scam. Is it?

President Donald Trump rang the opening bell for Nasdaq and the New York Stock Exchange from the Oval Office on Monday to mark the first day of trading.

Trump Accounts now join the list of other existing tax-advantaged accounts intended to benefit kids’ futures (eg, custodial Roth IRAs, 529 plans, etc.), each of which has its own rules, limitations and benefits.

While Trump Accounts do nothing to lessen the complexity for families deciding which accounts best suit their needs and means, they have raised awareness of the value of investing in US children from birth, provide an avenue for third parties to contribute to a child’s future and provide federal seed money for newborns.

www.cnn.com/2026/07/06/business/trump-accounts-launch
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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