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63 sats \ 6 replies \ @Undisciplined 9 Jun \ on: Trump and CEOs Promote Savings Plans for Newborns econ
Why wouldn’t they want it? That’s a ton of investment capital being reallocated to them from somewhere.
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42 sats \ 1 reply \ @Cje95 OP 9 Jun
Well they are pledging to pay into it and the funds are going to index funds so I am not sure all of these companies can say it is something that they directly benefit from. Robinhood just got turned down for the S&P nod and Altimeter Capital isnt a company I have heard of in any index's
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0 sats \ 0 replies \ @Undisciplined 9 Jun
I'll wager that it will be more clear why they supported it after we see what gets passed.
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21 sats \ 3 replies \ @kepford 9 Jun
Bingo
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42 sats \ 0 replies \ @SimpleStacker 9 Jun
Next up: Loan products that let parents "borrow against" their children's savings accounts.
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42 sats \ 1 reply \ @Cje95 OP 9 Jun
Not all of these companies are in index funds that have been highlighted as the funds that the money would go into so I am not sure how they would benefit. These are all companies who are pledging to also contribute to these very funds.
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42 sats \ 0 replies \ @kepford 9 Jun
I'm not either but you can see how they could benefit. I don't even have a problem with them benefiting. I'm more concerned about where the money comes from.
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