One of the little known features of One Big Beautiful Bill Act is essentially a 401K retirement fund for every newborn in America.

Senator Ted Cruz of Texas pushed for the idea, calling it “very much designed to get the next generation to invest in the market.”

“You see a lot of young people who in public opinion surveys, say they have a negative view of capitalism and they embrace socialism,” Cruz told Semafor. “What is powerful about this is, when every child has invested, it’s no longer an abstract idea.”

A tax-advantaged investment account of $1,000 would be created for every newborn baby with a Social Security number. That money would be invested in the S&P 500 and would accumulate value over time. Families and employers could supplement the account with up to $5,000 annually and leaders of companies such as Uber, Dell, Nvidia and Oracle have already pledged to contribute to the accounts of the kids of their employees.

Kevin Hassett, the director of the National Economic Council, said that with the accounts kids will gain a renewed appreciation and knowledge of how the economy works: “They get to look at that account on their iPhone for the rest of their lives and see what America is doing for them.”

Now we need to transition to personal Social Security accounts and we will truly have a nation of owner capitalists.