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BrixBountyFarm 🎩
@brixbounty
Okay we discuss some fairly inane topics when seeding… sometimes we’ll tackle more substantial ideas. I assume there will be government intervention in the markets before the end of Trump’s term, and the folks pulling strings always come up with new ways to keep the party going. Would you support > Patriot Accounts - idea $20K invested into an equities portfolio for anyone under age 20 when COVID started (say March 2020) or born since that is transferred to each individual at their 25th birthday. Idea is to both compensate folks whose education was impacted and create a leveling agent for future generations. To make it more popular - limit the investments into US companies who commit to onshore their profits as a way to help encourage reinvestment in America. Would provide a bridge for a shift toward broadening future social security investments 1 of 2 Similar to https://pressley.house.gov/2023/02/15/pressley-booker-re-introduce-bicameral-baby-bonds-legislation-to-tackle-wealth-inequality
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BrixBountyFarm 🎩
@brixbounty
The thought is - at some point there will be a need to prop up public equity markets akin to what the bank of Japan was forced to do. Annual costs at current birthdate would be 36B plus interest. To cover 25 years would be nearly 1T. It’s “a lot” Yet could lead to greater corporate tax receipts > boosting federal income. Would prop up the equity markets which would indirectly benefit boomers who hold stocks etc. Make it contingent on passing a financial literacy course or something. Idea would be instead of too big to fail, would be a way to increase exposure to homegrown equities. Could either allow the individual funds to grow tax free after age of 25, or set a nominal tax rate on the appreciation to fund future investments in the Patriot accounts. Imagine they’ll come up with more sophisticated sky solutions down the road, just thinking out loud about an approach that could create a net benefit to many. https://www.nber.org/system/files/working_papers/w25525/revisions/w25525.rev2.pdf
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