Republicans expand "Trump bucks" scheme with "MAGA savings accounts"

[marmar]

Republicans expand "Trump bucks" scheme with “MAGA savings accounts”
MAGA savings accounts are no substitute for hundreds of billions of dollars the GOP wants to take away from kids

By Chauncey DeVega
Senior Writer
Published May 22, 2025 6:10AM (EDT)


(Salon) In his role as president and political gameshow host, Donald Trump loves to give away money (or at least pretend to) as he makes "amazing deals." As media scholar David Altheide explained to me, "President Trump’s relentless assault on American institutions, economic theory, and the world economy is front and center of the world’s media."

Trump’s faux daily press briefing and access is more akin to the established TV format of game show host. See 'Let’s Make a Deal.' The super game show host masquerading as a President is seeking ratings, approval and recognition….As it should be. Or not. Trump continues to play at being the star of the show, and in keeping with the entertainment format and media logic that got him his start, continues to strive to be the dominant personality of the world.

....(snip)....

Now Trump and his MAGA Republicans in Congress are continuing with the “Trump bucks” strategy. As part of Trump's “Big Beautiful Bill” that is being forced through the Republican-controlled Congress (which is most certainly not “beautiful” for the American people as it takes hundreds of billions of dollars away from the neediest Americans and gives it to the very rich and corporations) the newest ploy is a proposed $1,000 in the form of “MAGA saving accounts” for children.

....(snip)....

Trump and his MAGA Republicans’ “MAGA accounts” are a version of the “baby bond” program that Democrats, liberals and progressives have long supported in various forms. The right wing generally opposed such a program as “wasteful spending,” “socialism,” and “government handouts.”

....(snip)....

As seen with the right-wing lie that millions of “illegal aliens” are receiving Medicaid, MAGA savings accounts will also serve as another attack point in the Trump administration’s racist and nativist campaign to end birthright citizenship and the 14th Amendment. Per this argument, “if we are going to give $1,000 to children and families, then we need to make sure it is going to 'real Americans' and not 'illegals!’” .................(more)

https://www.salon.com/2025/05/22/expand-trump-bucks-scheme-with-maga-savings-accounts/

[tanyev]

1. And when the children grow up and try to withdraw the money,

they’ll find out it’s long gone. See what a valuable life lesson they’ll learn?

[snowybirdie]

2. A little something

To greatly enhance the coffers of the investment companies. Wall Street will love having lots of cash to invest and charge fees for.