🌊 Inside Trump’s Crypto Empire

Similar incentive in some respects to post-war UK, interest-bearing, National Savings Bonds for school children. Each child had a booklet issued, managed from school by child and teacher. Stamps from memory from 6d to 2/6d. Tendered at a set time, weekly, with age-suited short talk on benefits of savings both personal and for the nation. 

The stamps bore pix of Prince Charles and Princess Anne, singly and together, depending on the value of the stamp. This strengthened personal and national unity. Perhaps it's why many working-class and most 'boomers' became and remained staunch 'Brits' and Royalist. Sentiment and savings.

The method was successful in producing greater National wealth and lifelong individual habits for prosperity. MAGA child bonds could have greater benefits than imagined.

It would be a great Idea for the upcoming generations coupled with a hardy education plan for economics. It would actually be a good idea to replace Social Security with this plan. Keep mandating contributions to the plan by employer and employee through their career.  I have to think the dislike of Capitalism is the product of the Public education system grooming the kids towards socialism and the lack of parents intestinal fortification  to counter the "system" To quote a radio talk show host I listened to years ago "Capitalism isn't the best for everyone but it's the best for the vast majority of people"

There’s a reason for the saying “capitalism is the worst economic system, except for all the other ones”.  Cheerleaders for unfettered capitalism ignore the mathematical facts embedded in the model.

In a capitalist model, any money paid for  human labor is simply a cost of production - and like all costs - something to be minimized (shrunk). As any mathematician will tell you, the limit as N approaches infinity of a shrinkage formula (in this case, reducing labor costs every year through productivity gains) is ZERO. The goal of capitalism thus is to bring labor costs to zero which means ALL of the financial benefits of production accrue to capital holders and none to providers of labor inputs.

In the short-run it works because while wages stagnate, productivity gains keep prices low and standards of living rise. In the long run it’s a basic math problem you cannot avoid - the benefits of capitalism tip over and accrue to capital holders disproportionately to their risk inputs, and everyone else can’t make a living.

The result? A shrinking sliver of super wealthy capitalists and a growing remainder of economically disadvantaged  “everyone else”.

Sound familiar?  This is why many economists say the American system is in the throes of “late stage capitalism”.

The MAGA investment account and the Democrats’ “basic income” represent two sides of the same coin - necessary government intervention to contravene a basic math problem.