Over the past few weeks, the White House has rolled out a blitz of proposals that sound more like something out of Bernie Sanders', Elizabeth Warren's, or Zohran Mamdani's offices than a Republican administration. Trump has called for institutional investors to be banned from buying single-family homes, and he's sought to block military contractors from undertaking stock buybacks and issuing dividends unless they step it up on production. He's also revived a pledge from the campaign trail to cap credit card interest rates at 10%.
It's well-known that Donald Trump loves to send taxpayer dollars directly to voters with packaging intended to make the bounty seem like a gift from his own self. So it's not surprising that his signature One Big Beautiful Bill Act had a provision creating something called "Trump Accounts" that would be set up for all American children born between 2025 and 2028 with a $1,000 "seed deposit" from the federal government. A nice birthday gift for these kids, right?
Trump's initiative to give newborns $1,000 for the stock market is framed as fostering capitalism, yet it's built on a tax cut for the wealthy, not on genuine family support.