This could teach a lot of kids at least some financial literacy, which is valuable in any situation or tax regime. Personally, I would have loved to have some

This could teach a lot of kids at least some financial literacy, which is valuable in any situation or tax regime. Personally, I would have loved to have some money on such an investment account as a kid, and I would nerd out on its development, discuss it with friends etc. Knowing that everyone around me has the same account would also make it less taboo to discuss money in general.