In the US, Trump has brought a proposal for newborns, which aims to deposit $ 1,000 in the stock market investment account for every American child born between January 1, 2025 and 31 December 2028. This is a proposal included in Trump’s ‘One Big Beginning Bill’ scheme. However, this proposal has not been implemented yet.
Paytm founder Vijay Shekhar Sharma has taken a pinch of Trump with this proposal. In a post on social media, he has called ‘Ladla Bacha Yojana’ about this proposal. This fund will be invested in index funds like S&P 500, in which additional contribution of up to $ 5,000 per year can be taken from parents or others.
When will you be able to use these money?
These accounts will not have tax on tax and from the age of 18, they can be partially used for works like education, starting business or buying a house, while till the age of 30, these accounts will be fully accessible. Although the House has passed the bill, it is still subject to review in the US Senate and has not yet been made a law. This proposal depends on the eligibility eligibility on both the child and the parents having social security numbers.
Sharma said that still where many countries are struggling with basic financial problems. At the same time, America is considering increasing wealth at the time of birth. Vijay Shekhar Sharma’s statement has come when Trump’s ‘One Big Beautiful Bill’ has passed in America and now a law will be made. Trump has also approved this bill.
This bill can be a game Changer!
Significantly, the US is divided into two parts regarding this brill. Elon Musk, who was once considered closest to Trump, has said that if this law comes, he will form a separate party in America. At the same time, some people are describing this bill as a game Changer, which will decide the future of America and will make it even strong on the economic front.
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