Politics

10506 readers

107 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

Socialism

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS

TheRtRevKaiser@beehaw.org

circularfish@beehaw.org

knokelmaat@beehaw.org

remington@beehaw.org

Trump announces $1,000 government-funded accounts for American babies (www.theguardian.com)

submitted 3 days ago by Powderhorn@beehaw.org to c/politics@beehaw.org

10 comments fedilink hide all child comments

I really feel for the reporter on this one. Having to try to make incoherent nonsense that has almost no chance of passage make sense is a thankless job.

Donald Trump unveiled a federal program Monday providing $1,000 government-funded investment accounts for American babies, getting backing from top business leaders who said they plan to contribute billions more to an initiative tied to “the big beautiful bill”.

At a White House roundtable with over a dozen CEOs, including from Uber, Goldman Sachs and Dell Technologies, Trump relayed the details of “Trump accounts” – tax-deferred investment accounts tracking stock market performance for children born between 2025 and 2029.

“For every US citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the overall stock market,” Trump said.

The accounts will be controlled by guardians and allow additional private contributions up to $5,000 annually. Trump called it “a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation”.

So ... tax credits that go straight to the oligarchs. And a shit sandwich if line goes down.

I keep thinking it can't get more absurd (I'm generally expecting things to get worse), and then stuff like this comes down the pike.

you are viewing a single comment's thread
view the rest of the comments

[–] Midnitte@beehaw.org 12 points 3 days ago (1 children)

I really feel for the reporter on this one. Having to try to make incoherent nonsense that has almost no chance of passage make sense is a thankless job.

On the other hand, this is sane-washing.

[–] Powderhorn@beehaw.org 6 points 3 days ago

Reporters can only push back so hard against individual assignments. It's inarguably news, so you don't have the trump card. This is, then, important information that needs to come out.

Time was, when something was absolutely egregious, the copy desk would stop it from running. Guess what doesn't exist anymore?