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Dells donate $6.25B to encourage families to claim 'Trump Accounts'
- metadope 11mo agoI'm not sure I understand what is being reported here. Was $6.25 billion dollars actually donated, as stated by the APNews headline? Or is this one of those far-in-the-future revocable promises that may or may not become real? So APNews is now a public relations flack, regurgitating press release verbatim?
- ZeroGravitas 11mo agoWhat I got from the story was that the government is going to start donating $1000 to each child born from July 4th 2026 and the Dells are going to donate $250 dollars to 25 million children under 10 in poorer areas. These will go into index linked investments and be withdrawable when the child reaches 18.
- Y_Y 11mo agoI wonder then is there a side benefit in "forcing" these kids to take long positions on big stocks that are locked in until at least 2044.
- bigbadfeline 11mo agoDell promises to add some dough to the government funded accounts that buy Dell and other shares - it legitimizes the mandatory propping up of inflated share prices. That's the real purpose of these accounts, Dell's promises and libertarian ideology.