And I wrote this too, where starting next July 4th, every child in America is going to have a personal investment account open for them. Every newborn child will have it seeded with $1,000. Parents and family and employers can put 5,000 a year in a tax advantage account. All of that is invested in the S&P 500, which means every child in America is going to get to experience the benefit of compound growth. (46:29–46:34)
CLAIM
Asserts that $5,000 a year can be contributed to a child's tax-advantaged account.
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