The White House is launching Trump Accounts, placing a $1K government seed into private investment accounts for children born during President Donald Trump’s second term and locking the funds until beneficiaries reach 18 to be used for education, a home purchase or starting a business.Billionaires Michael Dell and Susan Dell are pledging $6.25B and Sanjay Mehrotra is pledging $250M, and companies including Uber, Intel, IBM, Nvidia and Steak 'n Shake are signing on to contribute through employer benefits and philanthropy.Parents, relatives and employers can add to the accounts with tax advantages but annual pretax parent contributions are capped at $2.5K and total yearly contributions at $5K, and older children may open accounts without receiving the $1K government seed.Supporters say the accounts will expand stock-market participation and build long-term wealth, while critics say the program ignores immediate poverty, risks widening wealth inequality and mirrors state baby-bond pilots while placing investment control with private managers.