In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan have unveiled a “public-private partnership” aimed at giving millions of young Americans a direct financial stake in the nation’s economy.
The CEO of Dell Technologies took to X on Saturday to announce that he would give $250 each to the first 25 million eligible American children who sign up for “Trump accounts.”
“It makes every child a shareholder in the greatest engine of prosperity the world has ever known: American capitalism,” Dell wrote in an article
The Trump Accounts app will feature eight exclusive financial literacy modules. (U.S. Department of the Treasury/Fox News)
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The announcement coincides with the July 4 official launch of Trump Accounts, a provision of new tax law intended to give younger Americans special access to Trump accounts. a financial head start.
Under this program, announced a year ago, every U.S. citizen born between January 1, 2025 and December 31, 2028 is eligible to receive a base investment of $1,000 provided by the government upon registration.
Parents can enroll their children in the program when filing taxes, acting as sole custodians of the account until the child turns 18.
FILE – President Donald Trump speaks at the Trump Accounts Launch Summit in Washington, D.C., in January. (Valérie Plesch/Bloomberg via Getty Images / Getty Images)
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Although no personal contribution is required, parents have the option to deposit up to $5,000 per year, which is then invested directly in U.S. companies nationwide. sotck exchange.
Teleprinter Security Last Change Change % DELL DELL TECHNOLOGIES INC. 394.32 -30.93 -7.27% President Donald Trump The program is projected to put between $3 trillion and $4 trillion in wealth in the hands of young Americans over the next 15 years.
“Decades from now, I believe the Trump accounts will be remembered as one of the most transformative policy innovations of all time,” Trump said when announcing the program.
FILE – Sen. Ted Cruz of Texas speaks during an announcement with Dell Technologies CEO Michael Dell, his wife Susan, and President Donald Trump about “Trump Accounts” at the White House in 2025. (Andrew Caballero-Reynolds/AFP/Getty Images/Getty Images)
Dell, which had previously pledged more than $6 billion for the program, said the initiative “unites us all in hope and optimism for the future of every child.”
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The combined launch of the government initiative and the private contribution of the Dells has attracted much praise, the senator Ted Cruz, Republican of Texashailing the effort Saturday as “an extraordinary birthday present to celebrate the greatest nation in the history of the world.”