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Senator Ted Cruz proposes giving every newborn $1,000 in a taxable investment account.
Senator Ted Cruz proposes legislation that would give every newborn in the U.S. a $1,000 investment account, allowing annual contributions up to $5,000.
The funds would be invested in a stock index fund, with withdrawals taxed as capital gains upon reaching 18.
Critics argue the plan would increase the deficit and expand the welfare state, while supporters see it as a way to boost financial security and create a generation of capitalists.
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El senador Ted Cruz propone dar a cada recién nacido 1.000 dólares en una cuenta de inversión tributable.