U.S. Treasury Secretary Scott Bessent on Wednesday suggested that families skip traditional birthday and holiday gifts for children and instead funnel that money into so-called "Trump Accounts." Featured VideoSpeaking at the "Trump Accounts Summit," a promotional summit for the program, Bessent argued that relatives should contribute cash to investment accounts, managed by private firms and inaccessible until adulthood, rather than buying toys or other presents. "Relatives, rather than giving a toy for a birthday, for a holiday, they can contribute to these accounts," said Bessent. Skeptics compare the Trump Accounts to past Trump venturesAdvertisementTrump critics found much to criticize about this plan, and the idea of ruining birthdays and holidays didn't help. Just make sure to send your money to this completely trustworthy Trump scam, er, account."