“We’re creating a world where every child, every single child, from gazillionaire kids to a homeless kid on the street suddenly has an account invested in the market.”
U.S. Sen. Ted Cruz. The Texas Republican has unveiled a plan that would create a $1,000 investment account for every American newborn, to which families could add up to $5,000 per year. Cruz said this will help individuals get in the investing habit. He said the idea is supported by President Donald Trump. A pilot version is included in the larger tax bill currently moving through Congress. (Dallas Morning News)