Which, by the way, is achievable with a 529 account, which has been around for a long time. Any funds not used for education can be rolled into an IRA in adulthood.
He is doing nothing new, but is putting his name on it. I guarantee it will encourage investments in private equity/credit and crypto.
He does nothing for altruistic reasons. If it appears to benefit others, it is either a side effect, or a useful illusion.






It’s the next wealth tier up from up to now, I think.