Washington Examiner columnist Tiana Lowe Doescher heralded the new “Trump accounts” for future U.S. residents, saying the accounts “flip[s] the script” and open the door to the free market to them.
The Trump accounts, established by the One Big Beautiful Bill Act, gained new attention Tuesday when Michael Dell and his wife, Susan Dell, pledged $6.25 billion to finance the “Trump accounts” for 25 million children under the age of 10. Doescher explained Wednesday that the Dells’ donation will give $250 to most of these accounts, all of which are already receiving $1,000 from the federal government.
RESTORING AMERICA: DON’T LET WASHINGTON ERODE AMERICA’S VALUES: FREEDOM AND COMPETITION
Doescher noted that even if someone did not add any additional funds to these accounts for their child, it would grow to $7,000 over the course of 18 years, an “over five-time return” on this investment.
“Now let’s say you have this account for 25 years, and each month parents add in less than $50 a month, let’s say $43 a month. That would amount to, in 25 years, $70,000, which is exactly what 20% down payment on the median-priced home is today. It’s just about making it so that the next generation has skin in the game,” Doescher said on The Eternal World Television Network’s Nightly News.
“One of the reasons why you have the [New York City Mayor-elect] Zohran Mamdani’s on the left, lots of haters of capitalism able to win people over, is because people don’t understand that the stock market nets 10% return. They don’t understand that capital has greater return on investment than labour and for good reason, and this is a way of democratizing access to the free market,” Doescher said.
Doescher added that the Dells’ $6.25 billion investment is a “gamble on the future” to address those who feel the American dream is “sliding away.” Through their investment, however, the public is seeking to bring this dream back, rather than having the government provide immediate handouts.
The Dells said in a statement that their deposits will reach the accounts of most children 10 and younger who were born prior to the qualifying date for the federal newborn contribution. They added that these accounts are “an incredibly practical and direct step” to assist families.
Sens. Ted Cruz (R-TX) and Cory Booker (D-NJ) penned a letter on Monday to Fortune 1000 CEOs encouraging them to champion and contribute to the Trump accounts. Employer contributions are limited to $2,500 and will not count toward the parents’ taxable income.
