Sec. Scott Bessent: Trump Accounts Represent the Triumph of Capitalism Over Socialism

EXCERPT:

BESSENT: “Trump accounts are no government handout. They’re a child’s first claim upon the American dream at a time when too many people are taught to doubt it. Look around our campuses and classrooms today — apart from those here at Wheeler, of course — you will find that our students are being sold the seductive lie that government can solve every problem, redistribute every dollar, and supplant its judgment for our own. Our children are taught to romanticize an ideology that results in ruin wherever it is tested, to critique capitalism for every one of its flaws, and to forgive socialism for every one of its constant failures. In New York, the current mayor rose to power by repackaging failed ideals as a moral cause of the future. But in Georgia, you know that beneath that youthful veneer lies the oldest impulse in politics, which is to concentrate power and then call it compassion. Show me some place where this has ever worked. Moscow, Caracas, Havana -- these workers’ paradises have all ended up as deprivation hellscapes. So, at their core, Trump accounts represent a triumph of capitalism over socialism.”