Trump Account thoughts

[TheTone]

Maybe I’m just a stick in the mud and wish that supposed tax cut money was going back to the people that actually paid into it or we could pay down some of our national debt. Meanwhile how’s social security looking that generations of Americans have been contributing to?

 

[BigHornRam]

Another factor on these...your kid has access to the money at the age of 18 for whatever they want. Penalties apply but theres nothing you can do if they want it.

Worst case scenario, little Johnny spends it on hookers and blow, when he turns 18. Best case scenario, little Johnny learns about investment and the power of compounded interest at an early age. I think the good out weighs the bad, but that just me.

 

[Nick87]

Worst case scenario, little Johnny spends it on hookers and blow, when he turns 18. Best case scenario, little Johnny learns about investment and the power of compounded interest at an early age. I think the good out weighs the bad, but that just me.

That falls under parenting, the horror.

 

[Charlie Bob]

Worst case scenario, little Johnny spends it on hookers and blow, when he turns 18. Best case scenario, little Johnny learns about investment and the power of compounded interest at an early age. I think the good out weighs the bad, but that just me.

Worst case scenario little Johnny changes his name to Joan and uses the money for transformation.



Hookers and blow sound a lot better now , right ? Just saying….

 

[westbranch]

Worst case scenario, little Johnny spends it on hookers and blow, when he turns 18.

Some of us call that stimulating the economy!

 

[BigHornRam]

Worst case scenario little Johnny changes his name to Joan and uses the money for transformation.



Hookers and blow sound a lot better now , right ? Just saying….

How much does a chopthecockoff surgery cost these days?

 

[sigpros]

How are earnings defined? Woukd 4h sales work? I can't see why not.

I know like on a Roth IRA they say you can use baby sitting, lawn mowing etc. So i assume the 4H sales would work just not sure how. My way of thinking if you put like $3500 in from 4H sales there probably won't be any questions asked. Now if a 10 year old is maxing the $7500 every year in a roth they might look into it? But then again I am just speculating here.

 

[Charlie Bob]

How much does a chopthecockoff surgery cost these days?

I think they charge by the pound ?

 

[sigpros]

Maybe I’m just a stick in the mud and wish that supposed tax cut money was going back to the people that actually paid into it or we could pay down some of our national debt. Meanwhile how’s social security looking that generations of Americans have been contributing to?

SS is such a scam. I think something like this could be a way to wean us off SS. It is kind of like the young bucks at work complaining about no pension. I tell them the matching 401 and hours bonus they get is a better deal

 

[Forkyfinder]

Wonder how many parents or parents to be wont sign up for the free money that their kid will receive, because its titled a "trump account" ?

For me, you could call it biden, obama, clinton, stalin, or mao account - my obligation to do whats best for my kids is independent of politics.

It didnt make sense for me, much the same as @TOGIE.

 

[BigHornRam]

I think they charge by the pound ?

Do they put them on ice, to use in the adadicktome surgeries?

 

[wvhunter304]

Wonder how many parents or parents to be wont sign up for the free money that their kid will receive, because its titled a "trump account" ?

For me, you could call it biden, obama, clinton, stalin, or mao account - my obligation to do whats best for my kids is independent of politics.

It didnt make sense for me, much the same as @TOGIE.

I wonder how right wingers would feel when this meets the definition of socialism they rail about?