The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

A $1,000 Trump Account won’t close the wealth gap—but it might help rich kids get richer. A great idea, warped beyond recognition.

The Washington Monthly is an independent voice, listened to by insiders and willing to take on sacred cows—liberal and conservative. And we need your support.

The Washington Monthly is an independent voice, listened to by insiders and willing to take on sacred cows—liberal and conservative. And we need your support.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion. At ...

The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion. At ...

The Washington Monthly is an independent voice, listened to by insiders and willing to take on sacred cows—liberal and conservative. And we need your support.