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It would be more interesting if instead of cash on a savings account, these were investments in index funds. Imagine if every newborn in the US was an investor
by emgo 6y ago
It would be more interesting if instead of cash on a savings account, these were investments in index funds.
Imagine if every newborn in the US was an investor in the stock market. I wonder what effect this would have on the market and global economy.
- babyshake 6y agoIt would be a lot more interesting if the investments were in clean energy, life sciences, the types of things that would make someone's life much better once they are an adult.
- danielscrubs 6y agoIt would make the rich richer. The 501:st company will be less valued than the 500:th that is included in some index. You’d have to counteract that somehow but otherwise not a bad idea.
- rsfern 6y agoThis applies to all the traditional retirement accounts invested in index funds as well, so i think your criticism is not specific to this particular program
- tal8d 6y agoWhat effect did government backed student loans have on the tuition prices? Why were soldiers targeted by payday loan outfits? How are most lottery winners paid out? Answer any one of those questions and you'll answer your own question.
- panax 6y agoYes this has been proposed before by Bill Ackman: https://www.youtube.com/watch?v=o9XHKc22wGk https://www.youtube.com/watch?v=o9XHKc22wGk