Before reading everything it already has a MASSIVE flaw that WILL be exploited. This just feels like its creating a government (mostly) funded investment fund that private organizations would benefit from. Sounds like a bad idea.. Just look at all of the publicly managed Pension funds that have mostly been a huge failure other than to make a few people very rich.
Could create an investing account seeded with $1,000 for each child that’s born in the U.S.
Archive:
From the post:
"Government-funded investment accounts for children could be on the horizon, and if tech investor Brad Gerstner has his way, corporate America will match the funds. The effort, which is still in the early stages, could prove highly beneficial for companies and their employees.
Gerstner been working with lawmakers to promote a legislative program known as Invest America that would create an investing account seeded with $1,000 for each child that’s born in the U.S., but it’s still too early in the process to publicly name supporters. He’s aiming, however, to have legislation passed before the next presidential election. At the same time, he’s working with corporate America to encourage businesses to offer matching funds to help employees further their savings."
Before reading everything it already has a MASSIVE flaw that WILL be exploited. This just feels like its creating a government (mostly) funded investment fund that private organizations would benefit from. Sounds like a bad idea.. Just look at all of the publicly managed Pension funds that have mostly been a huge failure other than to make a few people very rich.
**Could create an investing account seeded with $1,000 for each child that’s born in the U.S**.
Archive:
From the post:
"Government-funded investment accounts for children could be on the horizon, and if tech investor Brad Gerstner has his way, corporate America will match the funds. The effort, which is still in the early stages, could prove highly beneficial for companies and their employees.
Gerstner been working with lawmakers to promote a legislative program known as Invest America that would create an investing account seeded with $1,000 for each child that’s born in the U.S., but it’s still too early in the process to publicly name supporters. He’s aiming, however, to have legislation passed before the next presidential election. At the same time, he’s working with corporate America to encourage businesses to offer matching funds to help employees further their savings."
(post is archived)