I’ve been thinking about this proposed “Invest America” plan or the $1,000 “Trump Accounts.” The idea is simple on the surface. Every newborn in the country gets automatic enrollment into the S&P 500, funded by the government. Sounds generous. Patriotic, even. But it might be one of the worst ideas we’ve had in a while.

Why would we pour fresh capital, by default, into the S&P 500? That index is already a self-fulfilling engine. The biggest companies keep winning because they’re already big. Now we’re going to hand them even more capital, not because of merit, but because of policy?

This makes it easier for those companies to raise money, sell more stock, and widen the gap even further. It’s already hard enough for smaller, lesser-known public companies to get attention, capital, or liquidity. This only deepens the moat for the giants, leaving the other 5,000 public companies further behind.

This doesn’t invest in America. It invests in dominance. It codifies momentum. It removes choice.

The best wealth-building systems are ones where individuals get to make decisions. Where markets stay open and competitive. If this passes, we’re moving in the opposite direction. And that’s not something we should be celebrating.