Peter Schiff

That's this tax advantage college saving program where you can put money in.

And again, it's, you know, tax advantage.

And so people who are upper middle class or better off typically are investing in those and they're getting the benefit from it.

People who are poor and don't have that extra cash, obviously they're not benefiting from it.

So there's that.

And then

You know, on a broader ideological plane, this gets to what I was talking about before in terms of the Trump administration's plan for dealing with the reality of an AI future in which people don't have jobs, where there's a massive labor disruption and there are many fewer jobs and you have the world's first trillionaires.

And you have this incredible wealth and power, the likes of which we cannot even comprehend, consolidated in the hands of a few.

And their answer to that is basically the stock market is, look, we're going to keep inflating the stock market and pushing this line goes up and up and up as much as we possibly can.

And so we're going to give you some ways to increase your access and exposure so you feel like as NVIDIA, you know, goes up or as, you know, Elon Musk's wealth or whoever else, as their wealth skyrockets, you feel like at least you are getting some piece of that.

Now, is that going to be adequate to overcome the fact that you're going to have these massive labor disruptions, et cetera?

I think that's very unlikely, but that's the broader sort of like

ideological or policy scheme that I think that these Trump accounts really fit into.

And then the last thing, sorry, I know I'm going on for a long time, but I thought a lot about this too.

The last thing is with Trump, you know, everything is about the corruption and is about the like cronyism.

You already have a bunch of companies that have sidled up to the table, some of whom have, you know, are facing lawsuit, DOJ lawsuits or regulatory action who are like,

Hey, we love Mr. Trump.

What a brilliant idea.

You know, we're going to donate some to these Trump accounts as well.

So it's yet another avenue for companies to curry favor with Trump himself.