We like the Trump Accounts because they are designed to create a nation of owners and it democratize stock ownership allowing today’s children to accumulate anywhere between $175,000 to $700,000 (depending how much supplemental money is put into the account) by the time they reach age 18.

By the time these kids reach 30, they could have as much as $1 million. We can be a nation of millionaires and these accounts can and should replace most welfare programs in 20 years.

Think about how rich 20 and 30 year olds would get if they could put 10% of their payroll tax money into index fund accounts like this. They’d be multimillionaires. But the left hates this idea of all Americans becoming stock owners because they hate capitalism and they could no longer complain about wealth inequality.