Savings Account for children in tax bill

[headshuck]

$1,000 for every child born in America.

 

Tax free like a Roth IRA

 

Exposed kids to investing at a young age!

 

[red viking]

So taxpayers(down the road) fund a $1k account for every kid? Wow. Basically sending free checks out like we did during covid. 

Just keep jacking up that deficit. No way the wingers would be ok with Biden doing that. 

More winger hypocrisy. 

Edited 13 hours ago by red viking

[headshuck]

Imagine that $1000 growing enough to pay for their college education? Taxpayers pay $1,000 vs $150,000 for college loan bailouts.

[Caveira]

4 minutes ago, red viking said:

So taxpayers(down the road) fund a $1k account for every kid? Wow. Basically sending free checks out like we did during covid. 

Just keep jacking up that deficit. No way the wingers would be ok with Biden doing that. 

More winger hypocrisy. 

Thank god it’s only available for us citizens right? 

[red viking]

6 minutes ago, headshuck said:

Imagine that $1000 growing enough to pay for their college education? Taxpayers pay $1,000 vs $150,000 for college loan bailouts.

Yah. It will surely grow by 15,000% in 18 years. Is that more winger math?

Edited 13 hours ago by red viking

[Caveira]

4 minutes ago, red viking said:

Yah. It will surely grow by 15,000% in 18 years. Is that more winger math?

There have been many 18 year runs where it would have gotten well into the lower 5 figures.   

[headshuck]

Yah. It will surely grow by 15,000% in 18 years. Is that more winger math?

Well I assume there will be ongoing education and incentives to grow the money. My first comment listed the benefits of learning how to invest at a young age.

[red viking]

19 minutes ago, Caveira said:

There have been many 18 year runs where it would have gotten well into the lower 5 figures.   

Some rare individual stocks maybe, for startups. Not any diversified portfolios. Not remotely close. Pie in the sky. Nice winger spin tough. 

[Caveira]

Just now, red viking said:

Some rare individual stocks maybe, for startups. Not any diversified portfolios. Not remotely close. Pie in the sky. Nice winger spin tough. 

S&P or dji brother …. Not really rare.  

[red viking]

1 minute ago, Caveira said:

S&P or dji brother …. Not really rare.  

What was s&p 18 yrs ago? Look it up. 

And on top of that, remember that s&p outperforms general stock market. Hope you can figure out why that is. 

Edited 13 hours ago by red viking

[Caveira]

9 minutes ago, red viking said:

What was s&p 18 yrs ago? Look it up. 

And on top of that, remember that s&p outperforms general stock market. Hope you can figure out why that is. 

Investing in kids is good brother.  Be happy 

[red viking]

5 minutes ago, Caveira said:

Investing in kids is good brother.  Be happy 

Just adding it to the national credit card. I'd be good with it if taxes increased to pay for it. 

Edited 12 hours ago by red viking

[JimmySpeaks]

Shocking that a wokester winger would be against this 

[mspart]

I surely didn't complain about the child tax credit.   That was nice while it lasted.   Not sure how I think about this.   But where the gov gives, it can take away.   I would be more concerned about that.  But at a time where we are spending more than we bring in, not really the best investment unless they offset it with equal spending cuts.  

mspart

[ionel]

25 minutes ago, red viking said:

Just adding it to the national credit card. I'd be good with it if taxes increased to pay for it. 

Im not necessarily crazy about giving $1k to every kid born but it's similar to $1k off your taxes except even kids in families who don't pay taxes benefit.  Think the idea is start the IRA a birth and parents will continue to contribute which has merit.  

Regarding taxes we are already going to be increasing tax revenue with this huge big beautiful economy that's taking off.  Plus how much more do you think these kids are going to pay in taxes if they have money for college or a good trade school.  They will easily pay back the grand.

This seems like a program wingers like you woul endorse.

[Offthemat]

9 minutes ago, ionel said:

Think the idea is start the IRA a birth and parents will continue to contribute which has merit.

Couldn’t this also be a prototype to personal retirement accounts to replace social security?

[headshuck]

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.

We need to teach our next generation to save like our grandparents did.

[red viking]

2 minutes ago, headshuck said:

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.

We need to teach our next generation to save like our grandparents did.

I think it's fine if you pay for it. Increase taxes accordingly and I'm good w it. 

[JimmySpeaks]

We’ve been spending $151 billion per year on unlawful immigrants.   Plenty of things that can be cut to fund impactful things like this.  

[red viking]

2 minutes ago, JimmySpeaks said:

We’ve been spending $151 billion per year on unlawful immigrants.   Plenty of things that can be cut to fund impactful things like this.  

Those immigrants actually work, and for cheap. It's a,great deal for us. 

[JimmySpeaks]

14 minutes ago, red viking said:

Those immigrants actually work, and for cheap. It's a,great deal for us. 

Ya. Spending $151 Billion per year sure is a great deal for us.