Altimeter Capital CEO Brad Gerstner said Trump wants to automatically create Trump Accounts for all American children.
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The man who spearheaded Trump Accounts said President Donald Trump wants to automatically open accounts for all American children.In an "All-In Podcast" interview released on Saturday, Altimeter Capital CEO Brad Gerstner spoke about the early success of Trump Accounts and how Trump wants to increase adoption."In fact, the president suggested that we're going to auto-create accounts for all 50 million kids — or upwards of 70 million kids — under the age of 18," Gerstner said."So he called on us to get the accounts open faster, for more people, to have more impact, and to make sure no child is left behind," he added.Gerstner was one of the architects of Trump Accounts, an investment vehicle for children under 18 that gives them early access to the stock market. Eligible newborns born between 2025 and 2028 will receive $1,000 deposited into their accounts by the US Treasury.Currently, the program is opt-in, requiring parents to create accounts for their children by submitting an IRS Form 4547 with their tax filings or online through the Trump Accounts website or app.Later in the interview, one of the podcast hosts, angel investor Jason Calacanis, asked if Gerstner would be following Trump's instructions to auto-create accounts using Social Security numbers of people under 18.
