Only a mobster like Drumpf could take an innocuous thing like savings accounts for American kids and turn it into a money-making scheme for himself and his greedy and crooked cronies:
Link: Trump rigs kids’ piggy banks so billionaires can dump falling stock on them: analyst - Raw Story
"A quiet change to President Donald Trump's namesake savings program for children amounts to a gift for billionaires, according to an economic analyst.
In an article for The Bulwark on Thursday, economics columnist Catherine Rampell said the Trump administration now allows wealthy donors to stock Trump Accounts with shares of individual companies, which families have no way to turn down. In effect, "our president is helping rich donors offload overvalued stocks onto children, who are forced to hold the stocks for five years whether they want to or not."
Under the new rule, donors may give stock grants to groups of at least 5,000 children in a given age bracket and region. SpaceX President Gwynne Shotwell has already pledged shares of Elon Musk's company to millions of kids. Recipients generally cannot sell donated shares for five years.
The lockup works in donors' favor. Executives tend to unload stock when they expect it to drop, and a donation lets them claim a deduction on shares that might soon lose much of their value."
They are essentially using the government savings accounts of kids to enrich the billionaire donor class even further by allowing billionaires to dump their sinking stocks onto the backs of those kid's savings accounts as tax write-offs.
These people are fucking disgusting in ways that are hard to describe.
Vote Drumpf and his billionaire-serving MAGA party out of office. End all government contracts with guys like Musk, Thiel, and the rest of these billionaire, Silicon Valley, tech-bro nazis. Take our government and our country back from these unsavory heels.
---TFG
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