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My first piggy bank. (Photo by Francis Dean/Deanpictures) (Photo by Francis Dean/Corbis via Getty Images) Corbis via Getty Images The exciting, stunning announcement by Michael and Susan Dell of a $6.25 billion pledge to fund the savings accounts of 25 million children exemplifies what makes the U.S. so positively unique. Detractors of America should take note, but won’t. The Dells want to expand the reach of a program Congress passed last summer, which would set up special savings accounts for children. For those born between January 1, 2025 through December 31, 2028, the government would provide an initial $1,000. The babies would have to be U.S. citizens and have Social Security numbers. Those accounts, called Trump accounts, could be supplemented by deposits from parents, relatives or even employers. The money would be invested in low-cost, U.S. equity index funds covering the broad U.S. market. The Dell accounts would start with $250 and cover kids up to ten years of age who were born before January 1, 2025. Eligibility would be limited to those in zip codes where the median household income is below $150,000. Like the Trump version, the Dell accounts could be supplemented with future deposits and grow tax-free. A number of administrative details have still to be worked out. What the Dells are doing reflects unique and strong characteristics of America. It illustrates what Alexis de Tocqueville observed nearly 200 years ago, when he visited this country. If Americans saw a need or an opportunity for something, they didn’t ask authorities for permission or wait to be told what to do as would be the custom in Europe with its medieval past. They just did it. That kind of initiative gave the U.S. an exhilarating energy. As a youngster with a tiny savings account, Michael Dell experienced the…

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Filed under: News - @ December 4, 2025 11:26 am