Daniel Meuser

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I agree with U.S. Rep. Dan Meuser that Trump Accounts are a good thing — seeding the ability and idea of opening a savings account is an important concept, especially for young people (“Trump Accounts will help future generations prosper,” Reading Eagle, May 19). I still remember in elementary school having a little savings coupon book with which I’d walk down to the bank on Lancaster Avenue and hand my quarter and the coupon over to the teller. Back in 1955 I felt proud that depositing 25 cents weekly would grow by 3% interest over the year.

But he didn’t address how much money President Donald Trump and his family have been raking in from investments in cybercurrency and other concerns. As chairman of the Financial Services Subcommittee on Oversight and Investigations, Meuser should be questioning the ethical, moral and traditional precedent of a president using his influence for personal gain. This is a poor lesson to be teaching to a family, and giving them $1,000 should not distract from how Trump is cashing in on his elected position, not only from $TRUMP cybercurrency but from money-making deals to develop private clubs, foreign hotels, golf courses and other ventures.

I realize Trump’s supporters will counter that previous presidents have advanced their wealth; however, none in our history has monetized their position anywhere close to the multimillion-dollar, bare-faced extent this president has. Meuser should be voicing concerns about this to his subcommittee, and to the House Committee on Financial Services.

Greg Epler-Wood

Burlington, Vt.

The writer is formerly of Kenhorst.