What’s your opinion on the “MAGA Account” provision in the GOP tax bill?

A proposal to give every baby a tax free saving account and start it off with 1,000 dollars in the GOP tax bill. Each year parents, employers or others could make up to 5000 dollars in contributions tax free. More info here: https://www.axios.com/2025/05/15/ted-cruz-maga-accounts-republican-tax

What’s your take on the provision?