$1000 Trump Accounts For Babies? Michael Smerconish Says No
Should every child born in the U.S. receive a $1,000 government contribution into a tax-free investment account? Michael dives into the new “Trump Account” policy and unpacks its roots in the progressive “baby bonds” idea. With insights from economist Derek Hamilton—who helped originate the concept—Michael explores whether this version helps close the wealth gap or actually makes it worse. A thought-provoking look at wealth inequality, public policy, and how political branding may shape our financial future. Listen to his thoughts here, then go vote at smerconish.com!
July 10, 2025
17 min
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Episode 1450 · July 10, 2025
$1000 Trump Accounts For Babies? Michael Smerconish Says No
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$1000 Trump Accounts For Babies? Michael Smerconish Says No
Summary
Should every child born in the U.S. receive a $1,000 government contribution into a tax-free investment account? Michael dives into the new “Trump Account” policy and unpacks its roots in the progressive “baby bonds” idea. With insights from economist Derek Hamilton—who helped originate the concept—Michael explores whether this version helps close the wealth gap or actually makes it worse. A thought-provoking look at wealth inequality, public policy, and how political branding may shape our financial future. Listen to his thoughts here, then go vote at smerconish.com! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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