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Trump predicts ‘Trump Accounts’ will limit spread of socialism, communism

The Hill·October 7, 2026·1 min read
Trump predicts ‘Trump Accounts’ will limit spread of socialism, communism

President Trump said Wednesday that his administration's new investment accounts for children, called 'Trump Accounts,' will have a 'huge effect' in reducing positive views of socialism and communism among young Americans. Speaking at an Oval Office event, Trump said children will watch their accounts grow until they gain control upon turning 18, promoting capitalist values.

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