The Trump administration this week launched a scheme aimed at newborns. The 530A account programme, dubbed Trump Accounts, was unveiled with much fanfare at a US Treasury event, offers a $1,000 seed fund to every newborn US citizen to be invested in low-cost funds that can only be accessed when the child turns 18 years of age.
Setting aside the pros and cons of the scheme, one aspect has largely gone unnoticed, the Trump Accounts are far from novel. At least five Indian states run similar programmes, with Tamil Nadu introducing one as early as 1992.
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The scheme adds to growing evidence that Trump and his administration draw inspiration from India's concepts and ideas. For example, Trump's Make America Great Again echoes India's target of becoming Vishwaguru.
So what exactly are Trump Accounts, how closely do they mirror Indian state schemes, and where else does MAGA
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