Starting on July 4th of this year, our nation's 250th birthday, every child in America will have a personal investment account open for them. Newborn children will have it seeded with 5,000. With $1,000, Parents, families, employers can contribute up to $5,000 each year in a tax advantaged account. And all of that will be invested in the stock market, the s and P500. Now, there are two massive advantages to that. (14:59–15:10)
CLAIM
Asserts that contributions up to $5,000 annually can be made to these accounts in a tax-advantaged manner.
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