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Trump touts tech boom, market highs as firms back new accounts
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Mangalorean.com
A central focus of the event was the launch of “Trump Accounts,” a government-backed investment account for every newborn American child.
Trump said the accounts could channel between $3 trillion and $4 trillion in wealth to young Americans over 15 years.
Payments giant Visa will also create a platform allowing credit card holders to deposit cash-back rewards directly into Trump Accounts, according to the president.
Trump praised Michael and Susan Dell for committing $6.25 billion to fund Trump Accounts for millions of children, calling it one of the largest private donations ever made.
Trump said Dalio pledged to support accounts across an entire state, while Gerstner committed tens of millions of dollars in matching contributions.