- United States
- N.J.
- Letter
The Treasury is proposing to make "Trump accounts" mandatory for every child under 18. While giving $1000 to each child is a worthy effort, these accounts will be collecting data about them and their parents. This raises serious privacy concerns.
Behind each of these accounts sits a master file that could become the basis of a new “social trust score.”
The Trump Accounts Program System of Records can hold a child’s name, Social Security number, birth date, and home address, along with parents’ phone numbers, emails, signatures, and bank account numbers.
It’s searchable by Social Security number and housed at Treasury and at the $55 trillion Bank of New York Mellon in Manhattan, whose largest shareholder is the $15 trillion Blackrock.
The provision for parents to opt out of these accounts was stripped out by someone in the Senate. A recent survey found that at least 20% would choose to. Why was that option removed?
Is this an attempt to build a "master file" on US citizens?
Please demand strict regulations on what data is collected and who can access it. And give us a choice.