Trump gives money to babies
150
Donald Trump starts a new plan. It has the name Trump accounts. Every new baby in the USA gets 1000 dollars. The money goes to a bank account. It stays there for 18 years.
Banks use the money for an Index-Fonds. This is a trade on the stock market. Trump says: The children become rich. He promises much money in the future. The accounts are steuer-begünstigt. That means: You pay less tax to the state.
Rich people give money for this plan. Michael Dell gives much money. Older children get accounts too. Trump wants to help the people. Many things in the USA cost much money. This happens because of high Inflation.
A war with Iran makes things expensive. Gas costs much money too. Trump has much work. There is a big election in November. He wants to show his work for the economy.
Banks use the money for an Index-Fonds. This is a trade on the stock market. Trump says: The children become rich. He promises much money in the future. The accounts are steuer-begünstigt. That means: You pay less tax to the state.
Rich people give money for this plan. Michael Dell gives much money. Older children get accounts too. Trump wants to help the people. Many things in the USA cost much money. This happens because of high Inflation.
A war with Iran makes things expensive. Gas costs much money too. Trump has much work. There is a big election in November. He wants to show his work for the economy.
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Definitions
- Index-Fonds
- This is a trade on the stock market. You put money in many firms at the same time.
- Inflation
- Things cost more money. You get less for your money.
- steuer-begünstigt
- You pay less tax to the state.
People
- Donald Trump
- He is the president of the USA.
- Michael Dell
- He is a man who builds computers.
Locations
- USA
- This is a big country in North America.
Sources
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