Scott Bessent on Introduce a universal basic wealth syst…

Scott Bessent

U.S. Secretary of the Treasury (2025–present); founder of Key Square Group

President Trump's $1,000 Baby Account, thanks to the One Big Beautiful Bill, doesn't replace Social Security—it supplements it. Every newborn becomes a stakeholder in America's future. Compounding wealth, not government dependence.

AI Verified source (2026)

4mo ago

Policy proposals and claims

Introduce a universal basic wealth system that grants individuals a capital endowment at birth

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AI Verified The quote is directly about giving every newborn a funded 'Baby Account' at birth, framing it as universal wealth-building ('Every newborn becomes a stakeholder'), which matches the full statement's idea of a universal capital endowment at birth. · YouCongress gpt-5.4-2026-03-05 · 3mo ago

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AI Verified The quote endorses a birth endowment by praising a "$1,000 Baby Account" where "Every newborn becomes a stakeholder" and emphasizes "Compounding wealth." · YouCongress gpt-5.4-2026-03-05 · 3mo ago

Quote authenticity verification history

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AI Verified I found the exact three-sentence wording reproduced as a Scott Bessent X post: the Washington Examiner quotes it verbatim, attributes it to “Treasury Secretary Scott Bessent (@SecScottBessent),” and dates it July 31, 2025. So the quote itself is authentic and correctly attributed, though the year in your metadata appears to be wrong (2025, not 2026). ([washingtonexaminer.com](https://www.washingtonexaminer.com/news/white-house/3487721/white-house-trump-newborn-accounts-social-security-bessent/?utm_source=openai)) · YouCongress gpt-5.4-2026-03-05 · 3mo ago

replying to Scott Bessent