The $1,000 account for American newborns, a 229-year-old idea #publicpolicy #thomaspaine #trumpaccounts
"On July 4, 2026, the U.S. government will send $1,000 to millions of newborns. But someone thought of this before America had even seen 43 presidents. Right after France went through its revolution, land in its natural state had always belonged to all of humanity. The man who wrote that was Thomas Paine in 1797. He proposed a national fund to repay every citizen the share of commonwealth that private land had taken from them. Here's how it worked. A 10% tax on land value at inheritance. A payout of 15 pounds to every person turning 21 and 10 pounds a year starting at age 50. He called it justice, not charity. 229 years passed, and the idea just sat on paper. Then, on July 4, 2026, the U.S. rolled out its first federal payment for every newborn. Different currency, different age to collect it, but the same logic. The state hands out starting capital, so no one begins life at zero. The payment newborns receive tomorrow isn't a 21st century invention. It's an 18th century promise, finally signed into law."
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The $1,000 account for American newborns, a 229-year-old idea #publicpolicy #thomaspaine #trumpaccounts