Why the world should copy Trump for once
The US is offering US$1,000 to fund investment accounts for children born during the president’s second term
GOLF aside, narcissistic eponymy seems to be Donald Trump’s favourite pastime. During his second term as US president, he has extended his habit of naming towers after himself to a wide range of institutions and services.
He has courted controversy and challenge along the way, of course. (The Trump Kennedy Center in Washington, DC is now once again just the Kennedy Center.)
But some of the president’s innovations, notwithstanding the egotistical branding, are clearly a good thing. This month’s introduction of Trump Accounts – subsidised, tax-efficient long-term investment accounts for children – is one such positive.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months