Investor Bill Ackman proposed a "birth right" scheme in which the US government would give every newborn an investment in stocks.
The plan is to give everyone money from birth so that they can retire as millionaires.
"A potential solution to the wealth inequality problem is to find a way for those without investment assets to participate in the success of capitalism," Ackman wrote in The New York Times, according to a report published by The Independent.
"To do this, we need a program that makes every American owning the compound growth in the value of American companies, and the government can fund investment accounts for every child born in America, a program that we can call birthright," he explained.
The money will be invested in zero-cost equity funds and people will not be allowed to withdraw them until they retire or turn 65.
At historical rates of return on equity of 8% annually, the grant of $ 6,750 at birth would be more than $ 1 million at the age of 65.
"In addition to helping all Americans build wealth for retirement, birthright (birthright) will encourage greater financial literacy and give all Americans the opportunity to participate in the success of capitalism," Ackman wrote.