Quote:
Originally Posted by Paul F
Those with children should pay more as they present more of a burden.
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What do you think of the lastest bright idea by the Dims...
Coming Soon: $500 for Every Newborn?
By Kimberly Palmer
On 11:52 am EDT, Tuesday October 6, 2009
Imagine a world where
every baby received a trust fund at birth. It might sound like a fairy tale, but being born into money--or at least into a $500 savings account--could soon become reality for all children born in the United States.
Lawmakers are considering a bill that would give each newborn just that, with the goal of promoting savings that would later be used for education, a first home, or retirement. Here's what you should know about the ASPIRE ("America Saving for Personal Investment, Retirement, and Education") Act:
How would this program work?
The ASPIRE Act would give each child born in the United States a $500 savings account. Recipients could then use that money once they were older to pay for education, a first home, or retirement.
Low-income children would receive additional funding, and all participants could add to their accounts over time.
http://finance.yahoo.com/news/Coming....html?x=0&.v=1