I suggest that the government puts into place a bill that will put 10,000 into a high yield savings account for every american newborn. This will turn into roughly 1,200,000 by time they turn 49. Essentially giving them 10,000 a month to live on just from dividends.
Seeing that there are 3-5 million kids born here a year, lets say 5, that would only cost 50 billion dollars to fund per year.
Now with this account i would suggest that the individuals are not allowed to take any money out until age 49 Essentially bringing the retirement age down to age 49. Plus i also suggest that they are only able to take the dividends out every month to few months once they reach age 49 this way we insure that they will have money for the rest of their lives.
Next i would like to suggest that once someone dies then the money they had in the account would go back into the system and give 10k back to 100+ people Essentially paying for itself in the future.
But inflation you say… well once enough people put back into the system and there is a lot more money to distribute then there are kids born, thats when we would start putting 11k or even 15k into the account at birth. This would help fight inflation in the future as well.
My plan would take 49 years to really start working well but after that it would start to bloom a new america for all. In the 49 years it would take to get there we would only have to spend around 2.5 trillion. Over 49 years thats not a lot at all.