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Speaker 1: Welcome.

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Speaker 2: It is Verdict with Sentater, Ted Cruz, Ben Ferguson with

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Speaker 2: You and Center.

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Speaker 1: This is one of those shows and I just want to.

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Speaker 2: Tell everybody please take this show and share it wherever

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Speaker 2: you can on social media, because this is one of

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Speaker 2: those shows that could have a massive impact on this country,

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Speaker 2: dealing with a really important issue and an idea that

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Speaker 2: is becoming very close to reality that could fundamentally change

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Speaker 2: his country for every single child that's born.

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Speaker 3: Well, Ben, that is exactly right. This week was a

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Speaker 3: momentace week. It was a momenace week in Washington and

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Speaker 3: in the country. So this week the House Ways and

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Speaker 3: Means Committee, which is the tax writing committee in the House,

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Speaker 3: rolled out their Reconciliation Bill, and I will tell you

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Speaker 3: in that bill there were four major victories of bills

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Speaker 3: that I've introduced that I'm leading on that are all

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Speaker 3: included in the House Reconciliation Bill. Number one, they included

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Speaker 3: my legislation on no tax on tip. No tax on

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Speaker 3: tips is a president It is a promise President Trump made.

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Speaker 3: It is a powerful policy that benefits every waiter and

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Speaker 3: waitress and taxicab driver and bartender and barber and hairstylist.

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Speaker 3: And nail salon, beautician, everyone who operates on tips. It

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Speaker 3: is a policy that benefits the working men and women

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Speaker 3: of America, and we the Republican Party, is a blue

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Speaker 3: collar party. So that is in the bill. Number two.

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Speaker 3: I've been leading the fight to open up significant electromagnetic

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Speaker 3: spectrum to auction to the private sector, six hundred megahertz's spectrum.

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Speaker 3: When we do that, that will produce billions of dollars

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Speaker 3: of new investment and hundreds of thousands of new jobs.

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Speaker 3: That is in the House bill. They've taken my pipeline

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Speaker 3: language included in there. Number three, school choice, The House

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Speaker 3: included a version of my school choice bill that is

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Speaker 3: scholarship tax credits for contributions for scholarship granting organizations in

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Speaker 3: the state that, if it is passed, will be the

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Speaker 3: most significant federal school choice legislation ever passed in history.

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Speaker 3: And Monday's podcast. If you didn't listen to Monday's podcast,

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Speaker 3: I did a deep dive on that idea. I thought

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Speaker 3: it was going to come this week, and so I

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Speaker 3: laid out how we had the opportunity to win the

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Speaker 3: most significant victory for school choice of our lifetimes. The

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Speaker 3: House included it that's a huge victory. But the fourth,

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Speaker 3: which is going to be the topic of this podcast,

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Speaker 3: is legislation I've introduced called invest America. Invest America is

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Speaker 3: basically four to oh one k's for kids. It is

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Speaker 3: creating investment accounts for kids, and it is seating it

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Speaker 3: with one thousand dollars and allowing contributions to let every

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Speaker 3: newborn child in America accumulate resources. We're going to break

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Speaker 3: that down because that is in the House bill. They

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Speaker 3: call it the MAGA account, but it is. It is

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Speaker 3: my statutory language, and I got to say, when we

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Speaker 3: enact that language, President Trump enthusiastically supports it. When we

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Speaker 3: enact that language, it is going to have a profound

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Speaker 3: impact on this country, not just this year or next year,

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Speaker 3: but ten, twenty, thirty, forty fifty years from now. I'm

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Speaker 3: really excited. We're going to explain to you all about

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Speaker 3: what that proposal is and how it's going to make

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Speaker 3: a difference in your family, for your kids.

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Speaker 2: Yeah, it's awesome and it's something that again I'll say it,

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Speaker 2: make sure you listen to show and share it, even

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Speaker 2: with people that don't traditionally listen to political podcasts, because

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Speaker 2: this is not really that political. It's actually about the

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Speaker 2: future of this country and can have a huge impact

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Speaker 2: on every child that is born. I want to talk

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Speaker 2: to you for just a moment though, about what's happening

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Speaker 2: right now in Israel. Do you know, just like here

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Speaker 2: in the US, Israel has their own Independence Day in

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Speaker 2: case you missed it this year, Israel's independence was a

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Speaker 2: few days ago on May first. But for the people

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Speaker 2: of Israel, freedom is nothing more than a daily struggle

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Speaker 2: just to survive. There is no real peace, only tear,

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Speaker 2: no joy, just suffering. The Israeli government recognizes the International

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Speaker 2: Fellowship of Christians and Jews for ongoing help to make

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Speaker 2: sure the elderly, the sick, the wounded soldiers, and the

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Speaker 2: impoverished families don't fall through the cracks. And that is

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Speaker 2: where your gift to the Fellowship today will provide life

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Speaker 2: saving aid, medicine, hearty meals, safety, and comfort. I believe

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Speaker 2: that when you bless the people of Israel, we unlock

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Speaker 2: God's blessings in our own lives as well. So show

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Speaker 2: your support for Israel's independence by making a life saving

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Speaker 2: gift today. You can call to make your gift eight

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Speaker 2: eight eight four eight eight IFCJ. That's eight eight eight

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Speaker 2: four eight eight four to three two five. You can

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Speaker 2: also go online to IFCJ dot org. That's if CJ

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Speaker 2: dot org. All right, so Center, let's talk about the

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Speaker 2: invest America.

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Speaker 1: This idea.

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Speaker 2: It is something you've actually been working on for quite

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Speaker 2: some time. Plus you have a special guest joining us

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Speaker 2: to explain it as well.

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Speaker 4: Well.

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Speaker 3: I'm very proud to welcome to Verdict Brad Gershner. Brad

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Speaker 3: is a major Silicon Valley entrepreneur. He runs a hedge fund,

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Speaker 3: Altimeter Capital, in Silicon Valley. He's been incredibly successful and

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Speaker 3: he's become a really good friend over the past year.

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Speaker 3: And he is calling in and joining Verdict from Riad,

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Speaker 3: Saudi Arabia. So he is there with the President, with

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Speaker 3: David Sachs. He is on the trip. And I will

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Speaker 3: tell you when we talked about the four victories in

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Speaker 3: the House bill, the victory of invest America. I don't

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Speaker 3: think there is any person who has worked harder to

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Speaker 3: make this a reality than has. And I met Brad

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Speaker 3: a little over a year ago. He and I have

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Speaker 3: been working together on this since April of last year,

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Speaker 3: and he has been working to build the business coalition

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Speaker 3: behind Invest America and bringing together major CEOs, business leaders

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Speaker 3: that see the incredible power of four oh one k's

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Speaker 3: for every newborn in America. And so Brad from from

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Speaker 3: Riod on the other side of the planet. And it

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Speaker 3: is by the way, right now, Ben and I are

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Speaker 3: doing this. It is eleven twenty six pm in d C.

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Speaker 3: It is six twenty six in the morning in Riod,

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Speaker 3: And so he got up to join us. Brad, Welcome

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Speaker 3: to Verdict.

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Speaker 4: Oh, it's great to be here. Thanks for having me. Ben,

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Speaker 4: good to connect and Senator Wow, just watching the launch

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Speaker 4: of Invest America under your leadership. Today the Housewaves and

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Speaker 4: Means Committee Jason Smith, the Speaker of the House, it's

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Speaker 4: an exciting day, and I can tell you it's also

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Speaker 4: an incredibly exciting day in Riat, Saudi Arabia. The US

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Speaker 4: is back on its front foot. As you said, I'm

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Speaker 4: traveling with David Sachs, who is spreading the accelerationists gospel

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Speaker 4: of artificial intelligence. We want the world running on US

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Speaker 4: compute on USAI, and so it's been it's been a

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Speaker 4: really encouraging trip. But I'm thrilled to be here, thrilled

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Speaker 4: to be on the Verdict. Because of best America I

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Speaker 4: think can change the country. Yeah.

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Speaker 3: Look, I fully agree, and I will say to our listeners.

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Speaker 3: David Sachs is another incredibly successful Silicon Valley entrepreneur. He's

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Speaker 3: been someone I've known for a long time. He's one

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Speaker 3: of the hosts of the All In podcast, which is

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Speaker 3: incredibly successful. And Brad runs in that circle as well.

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Speaker 3: And David is serving in the White House right now

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Speaker 3: as the President's Chief advisor on Artificial Intelligence and chief

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Speaker 3: advisor and cryptocurrency, and so he's doing a great job.

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Speaker 3: And he and Brad are are traveling to the Middle East,

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Speaker 3: and just today they announced what a trillion dollars in

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Speaker 3: new investments in the United States, and so it's really potent.

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Speaker 4: Uh.

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Speaker 3: But but let's let's do a deep dive into invest America. Now,

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Speaker 3: I'll tell you, bet Ben, Do you know how I

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Speaker 3: got to know Brad?

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Speaker 1: How is that?

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Speaker 4: So?

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Speaker 3: Last spring, I'm sitting at a poker table in Vegas.

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Speaker 3: It's about one in the morning.

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Speaker 1: I'm already I'm already in on this story, and I'm.

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Speaker 4: Every story starts with the poker table.

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Speaker 1: That's right at one am in Vegas.

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Speaker 3: Yes, and every every year I do a fundraiser in

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Speaker 3: Vegas where we play poker. It's great fun. We usually

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Speaker 3: play till three or four in the morning, and we

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Speaker 3: get typically a number of poker pros who come and

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Speaker 3: join us and play. And so last year I was

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Speaker 3: playing with, among others, Phil Hellmuth, who who is one

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Speaker 3: of the greatest poker players to ever live. If if

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Speaker 3: Phil were on, he would say he is the greatest

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Speaker 3: poker layer to ever live. And Brad, you know that's true,

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Speaker 3: but but greatest. He's got a good argument. He's got

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Speaker 3: he he has got fifteen bracelets, he's he's a World

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Speaker 3: Series champion. And we're talking and we're sitting there talking

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Speaker 3: and playing. And I played with Phil a number of times,

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Speaker 3: and he says, hey, do you know Brad gerstro I said, no,

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Speaker 3: no idea, who is he? And he said, all right,

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Speaker 3: you got to know him. He's a great guy. He's

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Speaker 3: like driving this this great program to to like have

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Speaker 3: every every baby at every child in America invested the

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Speaker 3: stock market. I said, that's interesting. I want to know

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Speaker 3: more about that. Phil pulled out his phone and texted

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Speaker 3: Brad and me connected us on on cell that night

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Speaker 3: at one in the morning, and we began working together, uh,

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Speaker 3: starting in spring of last year.

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Speaker 2: That's incredible. That's that is how a friendship grows. And

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Speaker 2: let me guess that's how you guys both got in

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Speaker 2: on this. Hey, what a brilliant idea to allow every

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Speaker 2: kid in America that's got so siecut you're your number,

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Speaker 2: to be able to start investing in essence a day

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Speaker 2: they're born understand that they have a chance to have

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Speaker 2: a nest egg when they grow older. I've got three boys, center.

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Speaker 2: This is something I think about. It's two things. I

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Speaker 2: think about college, I think about saving for school, and

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Speaker 2: I think about them having something to start out their

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Speaker 2: lives with. And that's the essence of what you guys

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Speaker 2: are trying to pull off here.

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Speaker 3: So let me describe the vision of it, and then

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Speaker 3: I want Brad to tell the story because he really

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Speaker 3: did the shoe leather to make this work. But the

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Speaker 3: vision of it, and it is included in the House

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Speaker 3: Ways and Means draft right now, is that every newborn

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Speaker 3: child in America will have an investment account created automatically

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Speaker 3: open for them and seeded with one thousand dollars one

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Speaker 3: thousand dollars that comes from the government to start it

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Speaker 3: that's important to get it going. But even more important

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Speaker 3: is that every one of those accounts, you can contribute

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Speaker 3: up to five thousand dollars a year to those accounts

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Speaker 3: in a tax advantaged way. And and that money can

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Speaker 3: come from friends, it can come from family, and it

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Speaker 3: can come from your parents or relatives, employers. And I

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Speaker 3: think that's a really big we're going to talk about

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Speaker 3: how that's a big accelerator. Uh And and you could

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Speaker 3: accumulate in a tax advantage way. And and there are

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Speaker 3: two massive advantages for this. Number One, every child in

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Speaker 3: America begins to experience the benefits of compound growth. And

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Speaker 3: these accounts, by the way, they're not savings accounts. These

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Speaker 3: are investment accounts that are that that that that are

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Speaker 3: invested in neither ETFs or mutual funds that are invested

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Speaker 3: in the S and P five hundred. So so it

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Speaker 3: makes every newborn child an investor in the American stock market.

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Speaker 3: That enables them And and and look, as you know,

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Speaker 3: well as our listeners know well, compound growth, the miracle

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Speaker 3: of compound growth is one of the great miracles of

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Speaker 3: the world. And if you get people investing for a

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Speaker 3: long time, starting at birth, you can get incredible numbers.

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Speaker 3: So Ben, let me ask you this. You have a

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Speaker 3: newborn child born this year, thousand dollars comes in to

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Speaker 3: seat it, and through friends and family or an employer,

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Speaker 3: five thousand dollars a year gets invested for the first

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Speaker 3: eighteen years of their life. If you assume seven percent growth,

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Speaker 3: which has been the historical average for the stock market,

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Speaker 3: what do you think that eighteen year old has on

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Speaker 3: his eighteenth birthday.

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Speaker 1: I'm going to go with hundreds of thousands, if not

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Speaker 1: over a million.

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Speaker 3: One hundred and seventy thousand dollars. One hundred and seventy

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Speaker 3: thousand dollars. And by the way, this is not for

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Speaker 3: a rich kid. This is every baby in America. If

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Speaker 3: you're contributing all along, what do you think they have

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Speaker 3: if they continue doing that until age thirty five?

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Speaker 1: What is it?

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Speaker 3: Seven hundred thousand dollars?

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Speaker 1: There you go.

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Speaker 3: Now, that is transformational. But I'll tell you that's not

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Speaker 3: what Brad said that sold me on this. So Brad,

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Speaker 3: when he talked to me about this, I said, all right,

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Speaker 3: tell me your idea, and he pitched it. Here was

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Speaker 3: the argument he made. I'm gonna let him make it

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Speaker 3: in about thirty seconds. But the argument he made is

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Speaker 3: he said, look, young people, roughly half of them say

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Speaker 3: they believe in socialism, they don't believe in capitalism. The

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Speaker 3: real power of this is you're making every child in

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Speaker 3: America a capitalist. You're giving them a stake in the

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Speaker 3: American free enterprise system. You're giving him an ownership. So

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Speaker 3: you could have a ten twelve year old kid pull

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Speaker 3: out an app on his or her phone and say,

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Speaker 3: wait a second, I own one hundred dollars worth of Applestock,

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Speaker 3: I own fifty bucks worth of Boeing. I own seventy

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Speaker 3: five bucks worth of worth of McDonald's. And when they

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Speaker 3: go in and buy a Big Mac, they're like, wait

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Speaker 3: a second. I'm not just a customer. I'm a stockholder.

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Speaker 3: I'm an owner of this company. And I think that

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Speaker 3: is profoundly powerful. And Brad, I want to give you

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Speaker 3: credit because you have been a relentless evangelist. You have

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Speaker 3: devoted thousands, if not tens of thousands of hours to

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Speaker 3: this and and and this vision. I believe in it.

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Speaker 3: But but but I would not have been sold on

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Speaker 3: this idea had had you not put in so much

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Speaker 3: shoe leather and built such a strong business coalition behind it.

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Speaker 4: Well, you described it incredibly well. And the reason I

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Speaker 4: think we have such incredible support, incredible support in the

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Speaker 4: business community. These are the world's uh, you know, greatest CEOs.

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Speaker 4: You know, Jensen Hwang and Dvidian Renee has at arm

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Speaker 4: and Michael Dell's and and and Soffra cats at uh

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Speaker 4: you know at Oracle, and Pittman at iHeartMedia and and

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Speaker 4: Lisa Sue at A and b uh you know, Ryan

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Speaker 4: McInerney at Visa or Mel McDermott at uh uh you

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Speaker 4: know Service now, Darkasha shahiat Uber and the list goes on.

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Speaker 4: And notice you know are on the CEOs. It's not

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Speaker 4: a partisan issue. And we have incredible bipartisan support as

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Speaker 4: well on Capitol Hill because every parent wants a better

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Speaker 4: life for their kid, right. I grew up in rural Indiana.

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Speaker 4: My dad was a first time entrepreneur and in nineteen

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Speaker 4: seventy eight in the Rust Belt, starting an autoparts manufacturing

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Speaker 4: business with double digit inflation, double digit interest rates. We

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Speaker 4: lost the house, we lost everything. So I understand profoundly

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Speaker 4: what it feels like to finally be in the game,

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Speaker 4: to finally own something. But for every parent who wants

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Speaker 4: a better life for their kid. Whether they're in rural Texas,

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Speaker 4: whether they're in inner city Trenton, whether they're in rural Indiana.

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Speaker 4: I'm talking every town, every main street in America. Those

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Speaker 4: kids will have a shot. They have skin in the game.

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Speaker 4: The most powerful economy in the world is the American economy.

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Speaker 4: For seventy five years, the S and P five hundred

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Speaker 4: has compounded at ten point two percent. And what has

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Speaker 4: Warren Buffett told us, start with a really small snowball,

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Speaker 4: got a really long hill, and the longest hill you

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Speaker 4: can possibly imagine, and is starting at birth. Almost every

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Speaker 4: American today misses the first twenty five years of compounding.

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Speaker 4: That's nearly one third of your life. By starting these

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Speaker 4: kids off early, we give every kid a shot. We

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Speaker 4: unlocked all of that human potential and the financial literacy,

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Speaker 4: the hope and optimism, and their opportunity to participate in

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Speaker 4: the system is going to skyrocket. It's sad that less

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Speaker 4: than half of kids under the age of forty or

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Speaker 4: folks under the age of forty have a positive view

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Speaker 4: of capitalism. Yeah, but they're left out. They're not capitalists,

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Speaker 4: they're not owners. So it's easier for them to feel

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Speaker 4: like the system is rigged against them. This is going

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Speaker 4: to change that by aligning everybody with our capitalist, free

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Speaker 4: enterprise principles.

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Speaker 3: So let me ask a quick question. Brad, you mentioned

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Speaker 3: your dad. You guys lost your home when you were

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Speaker 3: a kid, so I did too. How old were you

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Speaker 3: when that happened.

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Speaker 4: I was in sixth grade, so I was.

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Speaker 3: In high school and my parents were small business owner

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Speaker 3: in Houston. And in the eighties, oil collapsed and my

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Speaker 3: parents went bankrupt and we lost our business, we lost

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Speaker 3: our home. I didn't realize You and I've been friends

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Speaker 3: a long time, but we haven't talked about this that

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Speaker 3: we both went through the experience. It's a traumatic experience

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Speaker 3: when when you lose your home through through financial stress,

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Speaker 3: and it makes an impact on a kid, whether sixth

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Speaker 3: grade or for me it was eleventh grade, but it

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Speaker 3: you never forget it.

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Speaker 4: Well I you know, I say, in life, you're either

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Speaker 4: running away from something or running towards something, And to me,

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Speaker 4: it planted a seed, and that seed was that I

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Speaker 4: didn't want my family to feel the pain that I

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Speaker 4: was feeling at that point in my life. And you know,

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Speaker 4: as a kid, my life thought I thought was pretty good,

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Speaker 4: but I felt bad for my dad. I felt bad

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Speaker 4: for my mom because I saw them struggling. And so

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Speaker 4: I know, you know later in life talking to mom,

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Speaker 4: she's now turning eighty nine, next door turning ninety here

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Speaker 4: next week. Amazing, beautiful woman. But you know, she felt

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Speaker 4: the guilt of not being able to provide, not knowing

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Speaker 4: whether her child was going to have a better tomorrow.

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Speaker 4: And you know, she is such a supporter of this

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Speaker 4: idea because she said it would have taken so much

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Speaker 4: pressure off her just knowing that her kids were going

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Speaker 4: to have a shot. And so I think everybody deserves

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Speaker 4: you know, you and I have talked about this. See

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Speaker 4: this with a thousand bucks in the SMB five hundred

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Speaker 4: and then get out of the way and let the

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Speaker 4: magic of the private sector do its thing. We're going

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Speaker 4: to have a thousand to one contribution by parents, you know,

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Speaker 4: and we've done the study that it's not just rich

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Speaker 4: parents who say for their kids. Here's a little known fact.

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Speaker 4: You know, the reason poorer folks don't save as much

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Speaker 4: is because of course they don't have savings accounts. This

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Speaker 4: is going to disproportionately benefit the people who are least

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Speaker 4: likely to participate in the market. And who is that right?

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Speaker 4: Those are the people who are the lowest, bottomn fifty

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Speaker 4: percent of the economy today. Because it's hard to open

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Speaker 4: up a custodial account for your child, almost nobody does it.

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Speaker 4: But if you start them off with an account, and

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Speaker 4: you make it really easy for these parents to vendmull

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Speaker 4: in twenty bucks a week or thirty bucks a week,

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Speaker 4: right to give up their Starbucks in order that their

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Speaker 4: kid might be able to save a little bit more money.

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Speaker 4: What we've learned is that cohorts of four families say

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Speaker 4: that about the rate that the cohorts from wealthier families

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Speaker 4: if they have an account. We're going to make it

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Speaker 4: super easy for those parents to contribute.

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Speaker 1: My dad was a police officer I grew up.

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Speaker 2: I would say lower middle class would be a fair

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Speaker 2: way of putting it. But there were several times where we,

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Speaker 2: you know, things got really really tight and my dad

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Speaker 2: just put his head down and went to work as

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Speaker 2: a police officer. And I remember thinking if he only

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Speaker 2: he was able to at a younger age start investing,

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Speaker 2: especially even thinking about college. We knew that we were

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Speaker 2: on our own. I mean, I knew that if I

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Speaker 2: want to go to college, I better be either good education,

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Speaker 2: at having great grades, or at a sport. It was

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Speaker 2: made very clear to me. But I can't imagine how.

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Speaker 3: By the way, brad Ben went to Ole miss on

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Speaker 3: a on a tennis scholarship. So that's how he went

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Speaker 3: to college.

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Speaker 1: No, and I knew that. I knew for that.

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Speaker 2: The pressure to get out was if I'm going to

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Speaker 2: go to college, I have to do these are my

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Speaker 2: only two options. Because there was no savings account, there

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Speaker 2: was no college fund.

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Speaker 1: There was nothing.

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Speaker 2: And I and I and I look now as a

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Speaker 2: father with two three kids, and I and I sit there,

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Speaker 2: I know, right, one of the twins, right, which everyone's

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Speaker 2: my favorite.

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Speaker 3: Today, I'm gonna get you in trouble because whoever it is,

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Speaker 3: he's gonna listen and be like, dad, what about me?

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Speaker 1: Exactly?

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Speaker 2: And And but I sit there and I look at

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Speaker 2: my dad, and I feel bad now because I'm I'm like,

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Speaker 2: I know, he just put his head down and he

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Speaker 2: made whatever he could make being a police officer.

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Speaker 1: This could have been transformative.

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Speaker 2: I think for the pressure that you just mentioned, it

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Speaker 2: seems overwhelming to set up an account. It seems overwhelming

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Speaker 2: to start it, and so many parents just assume I.

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Speaker 1: Don't have enough money to do it.

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Speaker 2: So I'm not even going to be embarrassed and go

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Speaker 2: in and try seven account with one hundred dollars or

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Speaker 2: fifty dollars to start that nest egg.

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Speaker 1: This could be transforming.

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Speaker 2: And for a lot of parents that are just wanting

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Speaker 2: their kids to have a better life, the number one

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Speaker 2: thing that holds them back is that worry or the

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Speaker 2: embarrassment that they're not walking in with enough might have start.

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Speaker 4: It one hundred percent that well said. They call it

401
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Speaker 4: in economics the cold start problem, right, the cold start

402
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Speaker 4: problem is I don't know how, or I'm embarrassed, or

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Speaker 4: I don't have the time. Remember, lots of parents are

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Speaker 4: working one or two jobs. You know they not only

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Speaker 4: do they not know how, It takes time right to

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Speaker 4: set these things up, and then you run into questions

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Speaker 4: and then how do you fund it? And you know

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Speaker 4: you have to have that next next tag to get started,

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Speaker 4: so it will unlock that power. But let's let me

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Speaker 4: talk about two other areas. We're going to get incredible

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Speaker 4: private sector participation. So we now have companies representing ten

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Speaker 4: millions of employees, and I mentioned a lot of them,

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Speaker 4: you know, but literally from Uber to Goldman Sachs, from

414
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Speaker 4: T Mobile to iHeartMedia, from a m D to the

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Speaker 4: Southern companies, you know, an energy company. And we're just

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Speaker 4: getting started, right Wait until the President and folks on

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Speaker 4: Capitol Hill and all these CEOs, wait until we have

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Speaker 4: this seat, this set up, and we're going to ask

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Speaker 4: every company in America to participate in this, and it's

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Speaker 4: going to become a feature of their corporate benefit program.

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Speaker 4: And they're going to match and what we've asked them

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Speaker 4: to do by joining the CEO Council, they've committed to

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Speaker 4: two things. Number One, that they that they agree to

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Speaker 4: do what they can to help get this past. They

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Speaker 4: think it's a great idea. But number two, they've all

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Speaker 4: made a commitment to contribute to the count the accounts

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Speaker 4: of the kids of their employees at a level of

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Speaker 4: participation that makes sense for their company. And so I

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Speaker 4: just had, you know, over here we're talking about some

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Speaker 4: people heard me talking about it yesterday. Another couple of companies,

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Speaker 4: you know set up. I was, you know, I was

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Speaker 4: on Charlie Kirk last night and Charlie said, we're going

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Speaker 4: to do this for our employees. And so you know,

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Speaker 4: I think that once people know about this, we're going

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Speaker 4: to have broad based participation. And when they start adding

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Speaker 4: one thousand dollars at birth or two thousand dollars in

437
00:23:36,560 --> 00:23:40,040
Speaker 4: that in those first few years, you're going to double

438
00:23:40,119 --> 00:23:43,800
Speaker 4: and triple those amounts that Ted was talking about through

439
00:23:43,840 --> 00:23:47,040
Speaker 4: the power of compounding. So whatever number you get to

440
00:23:47,600 --> 00:23:51,399
Speaker 4: starting at age zero, by agat, if you start with twice,

441
00:23:51,440 --> 00:23:53,920
Speaker 4: the amount of three times, the amount of just skyrockets.

442
00:23:53,960 --> 00:23:57,439
Speaker 4: But so that's corporos. But we're also going to have

443
00:23:57,480 --> 00:24:01,080
Speaker 4: some other big announcements. We have philanthropy this in this country.

444
00:24:01,320 --> 00:24:04,119
Speaker 4: These are folks who you know, may have millions of dollars,

445
00:24:04,240 --> 00:24:06,600
Speaker 4: may have billions of dollars, may have hundreds of billions

446
00:24:06,640 --> 00:24:10,760
Speaker 4: of dollars, who've committed to adding dollars to the accounts

447
00:24:10,800 --> 00:24:12,440
Speaker 4: of these kids. So we're going to make it really

448
00:24:12,480 --> 00:24:17,600
Speaker 4: easy for philanthropy. Remember, we have twenty trillion dollars of

449
00:24:17,680 --> 00:24:20,680
Speaker 4: wealth transfer that's going to occur in this country over

450
00:24:20,760 --> 00:24:24,840
Speaker 4: the next fifteen years, you know, as baby as the

451
00:24:24,880 --> 00:24:28,480
Speaker 4: baby boomers retire, move on, et cetera. And many of

452
00:24:28,520 --> 00:24:31,240
Speaker 4: these people want to give away this money during their lifetime.

453
00:24:31,560 --> 00:24:35,119
Speaker 4: But if you're Mikeeldell and you have over one hundred

454
00:24:35,200 --> 00:24:38,600
Speaker 4: billion dollars, you simply can't give it away through charity

455
00:24:38,760 --> 00:24:43,320
Speaker 4: fast enough. This gives you a financial infrastructure right in

456
00:24:43,440 --> 00:24:46,000
Speaker 4: order to match. So Michael might say, I'm going to

457
00:24:46,040 --> 00:24:48,720
Speaker 4: contribute to this five O one C three and match

458
00:24:48,760 --> 00:24:51,080
Speaker 4: for every kid in the state of Texas, or maybe

459
00:24:51,119 --> 00:24:54,480
Speaker 4: every kid in the country, or maybe just every kid

460
00:24:54,680 --> 00:24:57,119
Speaker 4: in the state of Texas whose family earns under one

461
00:24:57,200 --> 00:24:59,640
Speaker 4: hundred and fifty thousand dollars. He's going to give five

462
00:24:59,680 --> 00:25:01,840
Speaker 4: thousand dollars to each of those kids. So we're going

463
00:25:01,920 --> 00:25:06,320
Speaker 4: to unlock the power of philanthropy for invest America. And

464
00:25:06,320 --> 00:25:09,440
Speaker 4: then finally I'll drop this out there. I think you're

465
00:25:09,440 --> 00:25:13,840
Speaker 4: going to see incredible experimentation at the state and local

466
00:25:14,160 --> 00:25:18,760
Speaker 4: and church level. Right this is going to uh we.

467
00:25:18,880 --> 00:25:21,480
Speaker 4: I've had states reach out to me, folks running for

468
00:25:21,600 --> 00:25:23,159
Speaker 4: governor reach out to me, and you're going to be

469
00:25:23,160 --> 00:25:26,600
Speaker 4: hearing some announcements where they say, in order to attract

470
00:25:26,680 --> 00:25:30,240
Speaker 4: people to our state, we're going to launch them at birth.

471
00:25:30,359 --> 00:25:34,719
Speaker 4: We'll take some of our our revenue from you know,

472
00:25:34,800 --> 00:25:37,600
Speaker 4: from alcohol and cigarettes, We'll take some of the you

473
00:25:37,640 --> 00:25:40,919
Speaker 4: know that revenue, and we'll put in into account for

474
00:25:40,960 --> 00:25:44,680
Speaker 4: a kid who's born in this state, and better yet,

475
00:25:45,280 --> 00:25:48,440
Speaker 4: we may make you know, in a bonus account if

476
00:25:48,440 --> 00:25:51,000
Speaker 4: they graduate from high school in the state. Because not

477
00:25:51,040 --> 00:25:53,000
Speaker 4: only do we want to attract people, what we want

478
00:25:53,040 --> 00:25:55,639
Speaker 4: to keep them here. And so listen, there's going to

479
00:25:55,680 --> 00:26:00,560
Speaker 4: be a million entrepreneurial flowers that bloom on top of this,

480
00:26:01,040 --> 00:26:04,320
Speaker 4: and all of it gets back to this fundamental We

481
00:26:04,359 --> 00:26:07,639
Speaker 4: have too few people who participate in the upside of

482
00:26:07,640 --> 00:26:11,119
Speaker 4: America less. You know, seventy percent of people have no

483
00:26:11,280 --> 00:26:14,160
Speaker 4: skin of the game. They'll never have an account their

484
00:26:14,400 --> 00:26:17,480
Speaker 4: entire lifetime. That compounds. We're going to change all that,

485
00:26:17,760 --> 00:26:21,920
Speaker 4: and the senators leadership has been absolutely crucial in order

486
00:26:21,960 --> 00:26:22,760
Speaker 4: to make it happen.

487
00:26:23,680 --> 00:26:26,359
Speaker 3: So Ben, let me ask you something. Yeah, are you

488
00:26:26,440 --> 00:26:27,600
Speaker 3: excited listening to this?

489
00:26:28,119 --> 00:26:30,600
Speaker 2: I am because cause I am. No I am, and

490
00:26:30,680 --> 00:26:32,919
Speaker 2: I think this is something that we've been missing. You know,

491
00:26:33,359 --> 00:26:36,000
Speaker 2: you remember when I was working with the Bush administration,

492
00:26:36,080 --> 00:26:38,800
Speaker 2: it was on Social Security form because it was just

493
00:26:39,000 --> 00:26:42,919
Speaker 2: a Ponzi scheme in essence, where I was like, what

494
00:26:42,960 --> 00:26:45,639
Speaker 2: are we doing? How are we not giving people more

495
00:26:46,080 --> 00:26:48,840
Speaker 2: with investing? And this is one of those things that

496
00:26:49,280 --> 00:26:52,560
Speaker 2: for me, is about financial freedom, and it allows people

497
00:26:52,600 --> 00:26:55,040
Speaker 2: a chance to succeed in the greatest country in the

498
00:26:55,080 --> 00:26:57,280
Speaker 2: world and do it in a way that is just

499
00:26:57,480 --> 00:27:01,439
Speaker 2: so smart. And I can't imagine what this is going

500
00:27:01,520 --> 00:27:06,840
Speaker 2: to do for single moms, for people that are working

501
00:27:06,960 --> 00:27:09,800
Speaker 2: nine to five jobs, two jobs, working hourly jobs.

502
00:27:09,800 --> 00:27:11,120
Speaker 1: They say, now I.

503
00:27:11,200 --> 00:27:14,560
Speaker 2: Feel like even I can give my kids a better life,

504
00:27:14,680 --> 00:27:17,000
Speaker 2: because that's ultimately I think what every parent wants. They

505
00:27:17,040 --> 00:27:19,960
Speaker 2: want to give their chance, their kid a chance to

506
00:27:20,119 --> 00:27:22,719
Speaker 2: a better life than they live. And this is an

507
00:27:22,800 --> 00:27:25,640
Speaker 2: example of starting literally at day one of their birth

508
00:27:25,680 --> 00:27:28,199
Speaker 2: saying we've got you and dag, now let's go and

509
00:27:28,240 --> 00:27:28,840
Speaker 2: build on it.

510
00:27:29,160 --> 00:27:31,359
Speaker 3: So, Ben, one of the things Brad was describing that

511
00:27:31,440 --> 00:27:35,240
Speaker 3: has me really excited is the accelerator that is built

512
00:27:35,240 --> 00:27:39,639
Speaker 3: into it. So seating every account with a thousand dollars

513
00:27:39,720 --> 00:27:41,720
Speaker 3: is valuable. By the way, there are three point seven

514
00:27:41,760 --> 00:27:46,280
Speaker 3: million babies born every year, and so one thousand dollars

515
00:27:46,320 --> 00:27:49,160
Speaker 3: for three point seven million babies a three point seven

516
00:27:49,240 --> 00:27:52,240
Speaker 3: billion dollars a year. That means this will cost thirty

517
00:27:52,240 --> 00:27:56,000
Speaker 3: seven billion dollars over ten years. This is a four

518
00:27:56,040 --> 00:27:58,400
Speaker 3: to five trillion dollar tax cut. So thirty seven billion

519
00:27:58,480 --> 00:28:01,720
Speaker 3: dollars is a relatively small piece, but you want to

520
00:28:01,800 --> 00:28:05,320
Speaker 3: talk about how it transforms America. That seed money is important.

521
00:28:06,320 --> 00:28:10,400
Speaker 3: Even more important is simply creating the account. As Brad noticed,

522
00:28:12,520 --> 00:28:15,760
Speaker 3: two thirds of Americans will not have an investment account,

523
00:28:15,760 --> 00:28:18,680
Speaker 3: will not be invested in the market. And we're creating

524
00:28:18,720 --> 00:28:23,600
Speaker 3: a world where every child, every single child, from gazillionaire

525
00:28:23,760 --> 00:28:27,879
Speaker 3: kids to a homeless kid on the street is suddenly

526
00:28:27,920 --> 00:28:31,919
Speaker 3: has an account invested the market. That is transformative. But

527
00:28:31,960 --> 00:28:35,080
Speaker 3: then the accelerator. So what Brad has worked for several

528
00:28:35,160 --> 00:28:39,160
Speaker 3: years is he's brought together world class ceo some of

529
00:28:39,160 --> 00:28:42,000
Speaker 3: the most prominent CEOs in the country. He mentioned Michael Dell.

530
00:28:42,680 --> 00:28:45,720
Speaker 3: That was not theoretical. Michael is Michael is a good

531
00:28:45,720 --> 00:28:48,840
Speaker 3: friend of mine. He's a Texan, incredible entrepreneur worth over

532
00:28:48,880 --> 00:28:52,680
Speaker 3: one hundred billion dollars. Michael is the chairman of the

533
00:28:52,720 --> 00:28:55,680
Speaker 3: CEO Council for Invest America. So Michael is leaning in heart.

534
00:28:55,720 --> 00:29:02,080
Speaker 3: He's committed Dell Computers. When this passes, Dell will help

535
00:29:02,280 --> 00:29:06,280
Speaker 3: fund the accounts for the kids of their employees. That's powerful.

536
00:29:06,720 --> 00:29:09,720
Speaker 3: But as Brad said, also Michael is quite interested on

537
00:29:09,760 --> 00:29:14,040
Speaker 3: the philanthropic side in supporting not just the accounts for

538
00:29:14,120 --> 00:29:16,960
Speaker 3: the children of his employees, but more broadly having a

539
00:29:16,960 --> 00:29:20,120
Speaker 3: bigger impact. I think we will see think for a second,

540
00:29:20,360 --> 00:29:23,520
Speaker 3: ben about four to one k's. Remember when we were kids,

541
00:29:23,560 --> 00:29:28,360
Speaker 3: four oh one k's didn't exist. Now just about every

542
00:29:28,400 --> 00:29:31,720
Speaker 3: every job at a big company, it's part of the plan.

543
00:29:31,960 --> 00:29:34,520
Speaker 3: It's part of the plan, and the employer matches four

544
00:29:34,520 --> 00:29:39,160
Speaker 3: a one k contributions makes their own contributions. It's a

545
00:29:39,440 --> 00:29:42,840
Speaker 3: really attractive employee benefit. And what I like about this

546
00:29:43,000 --> 00:29:46,320
Speaker 3: is the accelerator component that I think you will end

547
00:29:46,440 --> 00:29:51,360
Speaker 3: up having real wealth creation that changes. Look an eighteen

548
00:29:51,440 --> 00:29:54,680
Speaker 3: year old kid who's got a single mom, who's not

549
00:29:54,840 --> 00:29:57,920
Speaker 3: coming from money, who's living in a rough environment, who

550
00:29:58,080 --> 00:30:01,840
Speaker 3: suddenly got a couple of hundred thousand dollars invested in

551
00:30:01,840 --> 00:30:05,959
Speaker 3: the stock market. That changes their whole life. This is

552
00:30:07,040 --> 00:30:08,400
Speaker 3: this is life changing.

553
00:30:08,520 --> 00:30:11,720
Speaker 2: And well this also seems I go back to the

554
00:30:11,760 --> 00:30:14,640
Speaker 2: trickle down effect. And you know, it's like four to

555
00:30:14,640 --> 00:30:17,360
Speaker 2: one k's. You remember when it was your grandparents and

556
00:30:17,400 --> 00:30:19,360
Speaker 2: your parents when you go to get your first job,

557
00:30:19,400 --> 00:30:21,320
Speaker 2: your first real job, and do they have a four

558
00:30:21,360 --> 00:30:24,600
Speaker 2: to one k. It's not the twenty one to twenty

559
00:30:24,600 --> 00:30:27,640
Speaker 2: three year old that's asking that question. It's the parents

560
00:30:27,640 --> 00:30:29,880
Speaker 2: and grandparents. I remember when I got my first other.

561
00:30:30,040 --> 00:30:31,840
Speaker 2: They do they match? Where they match? They have a

562
00:30:31,880 --> 00:30:34,640
Speaker 2: four to one k imagine if you get that started

563
00:30:35,160 --> 00:30:40,120
Speaker 2: in the mindset at age literally zero, that can transform

564
00:30:40,160 --> 00:30:41,000
Speaker 2: an entire nation.

565
00:30:41,880 --> 00:30:43,800
Speaker 3: So, Brad, let me ask you something. How did you

566
00:30:43,880 --> 00:30:46,840
Speaker 3: get involved in this to begin with? Because you were

567
00:30:46,880 --> 00:30:50,000
Speaker 3: passionate and working on this. I got involved with you

568
00:30:50,080 --> 00:30:52,160
Speaker 3: about a year ago, but you were passionate involved in

569
00:30:52,200 --> 00:30:54,840
Speaker 3: this long before that. What was the kernel of the

570
00:30:54,880 --> 00:30:55,920
Speaker 3: idea that started this?

571
00:30:56,520 --> 00:30:59,760
Speaker 4: Well, you know, you'll appreciate the senator as a dad,

572
00:30:59,840 --> 00:31:03,880
Speaker 4: you're but you know I have two boys, Lincoln and Jack,

573
00:31:05,160 --> 00:31:09,120
Speaker 4: and they're sixteen and fourteen. And one of the things

574
00:31:09,120 --> 00:31:10,800
Speaker 4: we talk about a lot when we sit around the

575
00:31:10,840 --> 00:31:16,960
Speaker 4: dinner table is when we see problems, don't complain about them, right,

576
00:31:17,040 --> 00:31:20,400
Speaker 4: have a bias to action, have a bias to action,

577
00:31:20,640 --> 00:31:23,360
Speaker 4: Do something about it, don't just sit around and complain.

578
00:31:23,440 --> 00:31:27,520
Speaker 4: And so, coming out of COVID, I was showing them

579
00:31:28,600 --> 00:31:32,600
Speaker 4: the investment accounts I set up when they were born, yep.

580
00:31:32,640 --> 00:31:35,479
Speaker 4: And we're talking about the power of compounding, and we

581
00:31:35,480 --> 00:31:38,920
Speaker 4: were showing they were talking about the stocks that they owned,

582
00:31:38,920 --> 00:31:41,240
Speaker 4: and I could see their excitement and they said, Dad,

583
00:31:41,440 --> 00:31:43,400
Speaker 4: when are we going to be able to, you know,

584
00:31:43,960 --> 00:31:46,960
Speaker 4: have some control over what we're investing in. We want

585
00:31:46,960 --> 00:31:49,600
Speaker 4: to learn more. Will you set up a robin Hood

586
00:31:49,600 --> 00:31:53,160
Speaker 4: account course, et cetera. And then we started talking about

587
00:31:53,160 --> 00:31:56,640
Speaker 4: the wealth gap and we started you know, my son

588
00:31:56,720 --> 00:31:59,560
Speaker 4: Lincoln brought me something you know that was the headline

589
00:31:59,600 --> 00:32:02,720
Speaker 4: and that said ninety three percent of stocks are owned

590
00:32:02,760 --> 00:32:06,000
Speaker 4: by the wealthiest ten percent of Americans. Yeah, and he said, Dad,

591
00:32:06,040 --> 00:32:09,440
Speaker 4: I feel I feel like you know, I'm I'm glad

592
00:32:09,480 --> 00:32:11,360
Speaker 4: you set this up for me when I was a kid,

593
00:32:11,640 --> 00:32:14,480
Speaker 4: but I kind of feel guilty, like what, why can't

594
00:32:14,560 --> 00:32:18,720
Speaker 4: everybody you know have this this uh you know, saying

595
00:32:18,800 --> 00:32:21,880
Speaker 4: benefit and and I said, you know, we got to

596
00:32:21,920 --> 00:32:24,000
Speaker 4: fix this. And so he said to me, what are

597
00:32:24,040 --> 00:32:25,960
Speaker 4: you going to do about it? And I turned to

598
00:32:26,040 --> 00:32:28,120
Speaker 4: him and I said, no, what are we going to

599
00:32:28,200 --> 00:32:30,440
Speaker 4: do about it? And we made a commitment as a

600
00:32:30,480 --> 00:32:32,880
Speaker 4: family that we're going to do something about this. Yep,

601
00:32:33,160 --> 00:32:36,080
Speaker 4: And you know, it's been been one of the best

602
00:32:36,080 --> 00:32:38,040
Speaker 4: parts of the journey. We set up a five oh

603
00:32:38,080 --> 00:32:42,640
Speaker 4: one C three uh call invest America and we literally,

604
00:32:42,840 --> 00:32:46,680
Speaker 4: you know, just started uh, you know, making the calls.

605
00:32:47,800 --> 00:32:51,080
Speaker 4: And it was lining up light minded thinkers in the

606
00:32:51,120 --> 00:32:56,600
Speaker 4: private sector and lining up light light minded folks in Washington.

607
00:32:56,880 --> 00:32:59,040
Speaker 4: And you and I have talked about this. I you know,

608
00:32:59,520 --> 00:33:02,320
Speaker 4: I had the fortune when I was returning from studying

609
00:33:02,320 --> 00:33:05,800
Speaker 4: overseas in nineteen ninety ninety one to show up in

610
00:33:05,960 --> 00:33:09,960
Speaker 4: Washington and go work for the late and great Senator

611
00:33:10,000 --> 00:33:13,960
Speaker 4: from Indiana, Richard Lueger. Luber was a Rhodes scholar. He

612
00:33:14,320 --> 00:33:18,360
Speaker 4: was a mayor of Indianapolis, became a long serving senator,

613
00:33:18,760 --> 00:33:21,080
Speaker 4: credible senator and at the time he was working on

614
00:33:21,160 --> 00:33:25,400
Speaker 4: denuclearizing the nuclear stockpiles coming out of the Cold War

615
00:33:26,200 --> 00:33:30,520
Speaker 4: with Sam Nunn. And let's just say later in life,

616
00:33:30,680 --> 00:33:33,040
Speaker 4: I went on to have some success. And when I

617
00:33:33,200 --> 00:33:36,360
Speaker 4: saw the Senator in those later years, he said to me,

618
00:33:36,600 --> 00:33:39,520
Speaker 4: you know, don't waste it. You know, remember those days,

619
00:33:39,600 --> 00:33:42,960
Speaker 4: remember those runs around the wall in the mall in Washington,

620
00:33:43,280 --> 00:33:45,560
Speaker 4: and make sure you do something that matters. And so

621
00:33:45,640 --> 00:33:48,120
Speaker 4: as a family, we want to do something that matters.

622
00:33:48,160 --> 00:33:51,160
Speaker 4: And I will say in the House, in the Senate,

623
00:33:51,680 --> 00:33:54,719
Speaker 4: you know, you know, in the White House, and in

624
00:33:54,760 --> 00:33:57,760
Speaker 4: a broad bipartisan way, and that was something that was

625
00:33:57,800 --> 00:34:02,640
Speaker 4: really important to me. We've had incredible support, and I said,

626
00:34:03,080 --> 00:34:06,440
Speaker 4: I've never seen an idea with a better product market fit.

627
00:34:06,640 --> 00:34:10,200
Speaker 4: Everybody I talked to in the private sector in Washington

628
00:34:10,600 --> 00:34:14,719
Speaker 4: was intrigued by the idea. But I remember we were

629
00:34:14,760 --> 00:34:17,800
Speaker 4: speaking with them. Speaker McCarthy in the House. Lincoln was

630
00:34:17,840 --> 00:34:20,160
Speaker 4: in the meeting with me. We had an incredible meeting

631
00:34:20,800 --> 00:34:22,959
Speaker 4: with the Speaker and we walked out and I said

632
00:34:23,000 --> 00:34:25,600
Speaker 4: to him, as we're looking at the rotunda in the House,

633
00:34:26,600 --> 00:34:29,960
Speaker 4: I said, every single good idea in America has started

634
00:34:30,000 --> 00:34:34,160
Speaker 4: with a conversation just like that. Right as an entrepreneur

635
00:34:34,160 --> 00:34:38,040
Speaker 4: in Silica Valley, nothing happened in Zilica Valley right, not Google,

636
00:34:38,440 --> 00:34:42,719
Speaker 4: not open Ai, not Facebook. Right without a conversation on

637
00:34:42,760 --> 00:34:44,760
Speaker 4: the back of a napkin. That starts as an idea.

638
00:34:45,160 --> 00:34:48,040
Speaker 4: And so I had started a few companies in Valley.

639
00:34:48,080 --> 00:34:51,319
Speaker 4: I knew something about starting things, and we just got

640
00:34:51,360 --> 00:34:54,399
Speaker 4: started and the snowball started rolling. And here we are

641
00:34:54,440 --> 00:34:57,120
Speaker 4: three and a half years later, and I think we're

642
00:34:57,120 --> 00:35:00,600
Speaker 4: on the precipice. I think you're great leaders the great

643
00:35:00,680 --> 00:35:04,160
Speaker 4: leadership in the House and the White House of making

644
00:35:04,200 --> 00:35:06,680
Speaker 4: this happen, and I agree with you. I think we're

645
00:35:06,719 --> 00:35:08,759
Speaker 4: going to look back in ten or twenty years and

646
00:35:08,800 --> 00:35:12,120
Speaker 4: this is going to be a massive legacy of this moment.

647
00:35:12,520 --> 00:35:14,480
Speaker 2: You just said a word. A moment ago, the word

648
00:35:14,520 --> 00:35:17,160
Speaker 2: and it's become a bad word now. Is bipartisan? It

649
00:35:17,320 --> 00:35:19,520
Speaker 2: like never happens anymore. So I'm going to ask both

650
00:35:19,560 --> 00:35:23,759
Speaker 2: of you this, is there a chance that this can

651
00:35:23,800 --> 00:35:26,760
Speaker 2: be such a great idea that it is in fact

652
00:35:26,920 --> 00:35:30,800
Speaker 2: bi partisan and that Democrats and Republicans can work together

653
00:35:30,840 --> 00:35:33,640
Speaker 2: like they used to twenty thirty years ago when there

654
00:35:33,719 --> 00:35:37,839
Speaker 2: are nonpartisan ideas that are just great ideas that are

655
00:35:37,840 --> 00:35:40,120
Speaker 2: great for all Americans. And this one, by the way,

656
00:35:40,120 --> 00:35:42,279
Speaker 2: I would actually argue with Skew Moore to helping those

657
00:35:42,280 --> 00:35:43,600
Speaker 2: that are poor in this country.

658
00:35:43,800 --> 00:35:44,879
Speaker 1: Look at anyone.

659
00:35:44,520 --> 00:35:48,200
Speaker 3: Else, unquestionably, and I'll give you some positive signs on

660
00:35:48,239 --> 00:35:52,920
Speaker 3: this one. There are significant overlaps between this idea and

661
00:35:53,000 --> 00:35:55,560
Speaker 3: an idea that Corey Booker had called baby bonds, and

662
00:35:55,600 --> 00:35:58,840
Speaker 3: his idea was to create bonds and create a savings

663
00:35:58,840 --> 00:36:01,759
Speaker 3: account for every baby worn in America, and he when

664
00:36:01,760 --> 00:36:03,760
Speaker 3: he was running for president, he campaign on that. Corey's

665
00:36:03,800 --> 00:36:07,439
Speaker 3: a friend of mine. Brad knows Corey. Well, I will

666
00:36:07,440 --> 00:36:11,640
Speaker 3: say this is different from Corey's baby bonds, because I

667
00:36:11,760 --> 00:36:13,759
Speaker 3: was not a supporter of just the baby bonds of

668
00:36:14,000 --> 00:36:18,160
Speaker 3: an investment account that is accruing interest. What really sold

669
00:36:18,200 --> 00:36:22,400
Speaker 3: me on this was making a generation of capitalists. Was

670
00:36:22,440 --> 00:36:25,640
Speaker 3: the fact that this money is not just a savings account,

671
00:36:25,640 --> 00:36:28,600
Speaker 3: which is easy for Democrats to support, but rather it

672
00:36:28,680 --> 00:36:31,640
Speaker 3: is investing in the equity markets. It is making children

673
00:36:32,200 --> 00:36:35,319
Speaker 3: owners of the major companies in America, and that to

674
00:36:35,440 --> 00:36:39,319
Speaker 3: me was really exciting. That being said, I think there's

675
00:36:39,360 --> 00:36:42,400
Speaker 3: a good chance that we will get Democrats to support this.

676
00:36:42,440 --> 00:36:46,440
Speaker 3: I'll say Dick Durbin, who is the Democrat whip and

677
00:36:47,080 --> 00:36:49,160
Speaker 3: very liberal senator, although I've served with him on the

678
00:36:49,200 --> 00:36:52,239
Speaker 3: Judiciary Committee for thirteen years. Dick Durbin, in a press

679
00:36:52,400 --> 00:36:56,960
Speaker 3: story today, actually praised this idea. And it's common about

680
00:36:57,000 --> 00:36:59,600
Speaker 3: me that Dick is wicked smart, but we said about

681
00:36:59,600 --> 00:37:02,440
Speaker 3: me as he said, well, a stop clock is right

682
00:37:02,520 --> 00:37:06,360
Speaker 3: twice a day. And I actually ran into Dick in

683
00:37:06,360 --> 00:37:10,200
Speaker 3: the wall in the hallway and I said, Dick, you

684
00:37:10,320 --> 00:37:12,080
Speaker 3: praised me in the press. He said it must have

685
00:37:12,080 --> 00:37:14,600
Speaker 3: been a mistake, and I reminded him of the quote

686
00:37:14,880 --> 00:37:16,680
Speaker 3: and he laughed, and I said, Dick, it's a good

687
00:37:16,680 --> 00:37:19,840
Speaker 3: thing you're retiring. They might primary in the Democrat primary

688
00:37:19,840 --> 00:37:22,920
Speaker 3: for saying something nice about me. It's and I'll tell

689
00:37:22,920 --> 00:37:25,239
Speaker 3: you there was another Democrat senator, a freshman, it was

690
00:37:25,239 --> 00:37:27,680
Speaker 3: newly elected, who came and approached me and said, I

691
00:37:27,719 --> 00:37:30,439
Speaker 3: really like this idea. This is interesting. And I said, well, look,

692
00:37:31,200 --> 00:37:34,520
Speaker 3: so no Democrat is going to vote for the reconciliation bill.

693
00:37:34,560 --> 00:37:36,840
Speaker 3: That's going to be a pure party line bill. So

694
00:37:36,960 --> 00:37:40,200
Speaker 3: the actual bill that passes this no Democrat will vote for.

695
00:37:40,800 --> 00:37:43,560
Speaker 3: But what I told this this Democrat freshman, I said, well,

696
00:37:43,560 --> 00:37:46,799
Speaker 3: co sponsor my invest America bill, so you can make

697
00:37:46,880 --> 00:37:49,399
Speaker 3: clear you supported. I think we've got a decent chance

698
00:37:49,400 --> 00:37:52,319
Speaker 3: of getting Democrats on board. Brad did a good job

699
00:37:52,320 --> 00:37:57,360
Speaker 3: of talking to them. And I will tell you a

700
00:37:57,400 --> 00:37:59,640
Speaker 3: couple of things. So Brad was describing all the time

701
00:37:59,640 --> 00:38:03,520
Speaker 3: in entergy he put in and he said, quite modestly,

702
00:38:03,560 --> 00:38:05,840
Speaker 3: he said, well, I've had some success in business.

703
00:38:05,920 --> 00:38:06,080
Speaker 4: Ben.

704
00:38:06,160 --> 00:38:09,879
Speaker 3: Let me be clear, Brad is a billionaire. Like he's

705
00:38:09,920 --> 00:38:12,279
Speaker 3: got a crap ton of money and he could sit

706
00:38:12,400 --> 00:38:15,040
Speaker 3: back and play golf all day long and never need

707
00:38:15,080 --> 00:38:17,359
Speaker 3: to work again, and he'd be fine, and his kids

708
00:38:17,400 --> 00:38:20,120
Speaker 3: would be fine, and his grandkids would be fine. But

709
00:38:20,160 --> 00:38:22,440
Speaker 3: he's not doing that. A He's got a ton of energy,

710
00:38:22,480 --> 00:38:26,760
Speaker 3: but he has poured so much time and energy and money.

711
00:38:26,960 --> 00:38:28,920
Speaker 3: So I will tell you the way this got done

712
00:38:29,000 --> 00:38:31,759
Speaker 3: is he was relentless. He was talking to everybody in

713
00:38:31,760 --> 00:38:34,400
Speaker 3: the House. Why is this in the House bill? Because

714
00:38:34,440 --> 00:38:37,160
Speaker 3: Brad was talking repeatedly to Jason Smith, the Chairman of

715
00:38:37,160 --> 00:38:39,960
Speaker 3: Ways and Means. He was talking repeatedly to Mike Johnson,

716
00:38:39,960 --> 00:38:41,600
Speaker 3: the Speaker of the House. By the way, I was too,

717
00:38:41,640 --> 00:38:43,680
Speaker 3: I was talking to both of them. They're both good friends.

718
00:38:44,080 --> 00:38:48,000
Speaker 3: He was talking repeatedly to me and other senators. I

719
00:38:48,040 --> 00:38:50,520
Speaker 3: sat down with Brad this week with Mike Crapo, the

720
00:38:50,600 --> 00:38:53,839
Speaker 3: chairman of the Finance Committee, who's drafting the tax portion

721
00:38:53,920 --> 00:38:56,440
Speaker 3: of the reconciliation of the Senate. He's been talking in

722
00:38:56,480 --> 00:38:58,480
Speaker 3: the White House to Kevin Hasset, who runs the National

723
00:38:58,520 --> 00:39:01,120
Speaker 3: Economic Council, over and over and over again. He's been

724
00:39:01,120 --> 00:39:04,000
Speaker 3: talking to the President. It is been that relentless. And

725
00:39:04,040 --> 00:39:08,000
Speaker 3: by the way, President Trump weighed in directly with the

726
00:39:08,040 --> 00:39:10,280
Speaker 3: Speaker of the House and said, I like this idea

727
00:39:10,760 --> 00:39:13,719
Speaker 3: included How did this idea get like like a lot

728
00:39:13,719 --> 00:39:16,960
Speaker 3: of the press is shocked. Why is this in the

729
00:39:16,960 --> 00:39:20,160
Speaker 3: House bill? A big part of the reason is the

730
00:39:20,160 --> 00:39:22,680
Speaker 3: President weighed in and said I really like this idea,

731
00:39:23,280 --> 00:39:26,960
Speaker 3: and so the House included it. That wouldn't have happened

732
00:39:27,000 --> 00:39:31,040
Speaker 3: without Brad's efforts and my efforts making the case to

733
00:39:31,120 --> 00:39:33,440
Speaker 3: the House, to the Senate and to the White House.

734
00:39:33,480 --> 00:39:37,120
Speaker 3: And I think we will get this done and it

735
00:39:37,160 --> 00:39:40,560
Speaker 3: will have an impact. When all three of us are

736
00:39:40,640 --> 00:39:44,160
Speaker 3: dead and buried, this will still be having a profound impact.

737
00:39:44,680 --> 00:39:47,000
Speaker 2: So for people that are listening, and this is when

738
00:39:47,040 --> 00:39:49,360
Speaker 2: I get genuinely excited and they say, all right, I

739
00:39:49,360 --> 00:39:51,600
Speaker 2: want to support this, what do they do?

740
00:39:51,800 --> 00:39:52,279
Speaker 1: Is it call?

741
00:39:52,400 --> 00:39:54,080
Speaker 2: Is this one of those where you say, call your

742
00:39:54,120 --> 00:39:57,320
Speaker 2: congress person, regardless of party, call your senator?

743
00:39:58,239 --> 00:39:59,960
Speaker 1: I mean that sound like the White House is on born.

744
00:40:00,200 --> 00:40:01,080
Speaker 1: You don't have to call them.

745
00:40:01,120 --> 00:40:02,960
Speaker 2: But what is it that the American people need to

746
00:40:03,000 --> 00:40:04,919
Speaker 2: do to help this get across the finish line as well?

747
00:40:05,080 --> 00:40:06,440
Speaker 3: So I've got an answer to that, and I want

748
00:40:06,480 --> 00:40:08,879
Speaker 3: Brad to chime in on this also, but I'd say

749
00:40:08,920 --> 00:40:12,040
Speaker 3: speak out, use your voice and say this is a

750
00:40:12,080 --> 00:40:16,160
Speaker 3: great idea and I like this, And Brad today was texting,

751
00:40:16,160 --> 00:40:19,520
Speaker 3: so he and I started the morning. Early this morning,

752
00:40:19,640 --> 00:40:22,279
Speaker 3: I did an interview on Squawkbox on CNBC, which I

753
00:40:22,280 --> 00:40:25,480
Speaker 3: love doing, and Brad called in from Riod. By the way,

754
00:40:26,560 --> 00:40:31,799
Speaker 3: you might think, Okay, a billionaire Silicon Valley investor in

755
00:40:31,880 --> 00:40:36,240
Speaker 3: Saudi Arabia calling in to CNBC Squawkbox, this is high falutin.

756
00:40:36,360 --> 00:40:40,719
Speaker 3: This is fancy schmancy. Brad sent me the picture of him.

757
00:40:40,760 --> 00:40:44,480
Speaker 3: He was literally standing there holding his laptop in the

758
00:40:44,560 --> 00:40:47,879
Speaker 3: air like filming it on a zoom. It was as

759
00:40:48,000 --> 00:40:50,480
Speaker 3: low tech as can be. And we did the interview together.

760
00:40:51,440 --> 00:40:53,160
Speaker 3: But I want to tell you two things on this

761
00:40:53,200 --> 00:40:56,120
Speaker 3: because this is the answer to what you can do. One,

762
00:40:56,200 --> 00:40:59,200
Speaker 3: when I finished that interview, and also when I finished

763
00:40:59,200 --> 00:41:02,840
Speaker 3: the interview with Cudler, which I did this afternoon, this

764
00:41:02,960 --> 00:41:06,440
Speaker 3: is so cool. In both instances, the cameraman who was

765
00:41:06,520 --> 00:41:09,200
Speaker 3: filming us like the I haven't told you this, Brad.

766
00:41:10,360 --> 00:41:13,960
Speaker 3: At the end of squawk the cameraman said, Wow, I

767
00:41:14,000 --> 00:41:15,919
Speaker 3: have a daughter as a senior in high school. I'd

768
00:41:15,920 --> 00:41:18,040
Speaker 3: love for her to have one hundred and seventy thousand dollars.

769
00:41:18,719 --> 00:41:22,439
Speaker 3: And like the cameraman on Cudler said basically the same thing.

770
00:41:22,520 --> 00:41:24,640
Speaker 3: I mean it was you want to talk about a

771
00:41:24,680 --> 00:41:28,480
Speaker 3: message that resonates people think, wait, this could really help

772
00:41:28,920 --> 00:41:32,720
Speaker 3: my kid, And that was cool, But on the question

773
00:41:32,760 --> 00:41:36,120
Speaker 3: of what you can do, and I'm so brad today

774
00:41:36,160 --> 00:41:39,920
Speaker 3: at eleven thirty six am, he texted me, how are

775
00:41:39,960 --> 00:41:44,239
Speaker 3: you tackling the quote this is socialism? Retort? And so

776
00:41:44,360 --> 00:41:47,000
Speaker 3: there are some people online who are saying that's saying that.

777
00:41:47,160 --> 00:41:49,480
Speaker 2: By the way, people are coming after you in the

778
00:41:49,760 --> 00:41:50,720
Speaker 2: White House saying this.

779
00:41:50,600 --> 00:41:53,239
Speaker 1: Is socialism straight up. So let's respond to that.

780
00:41:53,560 --> 00:41:56,120
Speaker 3: Okay. So I texted him back, I'm just going to

781
00:41:56,160 --> 00:41:59,200
Speaker 3: read you my text. I said, yep, it's the opposite

782
00:41:59,200 --> 00:42:03,840
Speaker 3: of socialism. The definition of socialism is government ownership or

783
00:42:03,840 --> 00:42:07,680
Speaker 3: control of the means of production or distribution. This is

784
00:42:07,760 --> 00:42:12,560
Speaker 3: ownership and control by millions of citizens. It is making

785
00:42:12,640 --> 00:42:19,480
Speaker 3: them capitalists. Online people use quote socialism as a shorthand

786
00:42:19,480 --> 00:42:23,560
Speaker 3: for any government spending or tax credits. But obviously some

787
00:42:23,680 --> 00:42:26,879
Speaker 3: is good and some is bad. And so I will

788
00:42:26,880 --> 00:42:29,000
Speaker 3: say what I will encourage our listeners to just speak

789
00:42:29,040 --> 00:42:33,520
Speaker 3: out and say, look, helping people creating a vehicle for

790
00:42:33,600 --> 00:42:37,680
Speaker 3: our children to invest, to accumulate wealth, to transform their lives,

791
00:42:37,840 --> 00:42:40,280
Speaker 3: to have resources to get an education, to buy a house,

792
00:42:40,280 --> 00:42:44,680
Speaker 3: to start a business, to climb the economic ladder much faster.

793
00:42:45,239 --> 00:42:49,799
Speaker 3: That is incredibly worthwhile. And creating people who are capitalists

794
00:42:49,840 --> 00:42:53,320
Speaker 3: and invested in the free market system, that is, if anything,

795
00:42:53,600 --> 00:42:56,319
Speaker 3: more valuable. And so I think adding your voices. And

796
00:42:56,360 --> 00:42:59,880
Speaker 3: by the way, for some of the critics, they're quiet

797
00:43:00,239 --> 00:43:03,920
Speaker 3: by the fact that the President Trump enthusiastically supports this,

798
00:43:04,600 --> 00:43:08,040
Speaker 3: but but it is really transformed. To Brad, what do

799
00:43:08,080 --> 00:43:09,680
Speaker 3: you think about that? I kind of went at a rant.

800
00:43:10,080 --> 00:43:13,960
Speaker 4: No, well said number one. I would say on Twitter

801
00:43:14,040 --> 00:43:18,200
Speaker 4: or X follow it at invest America twenty four. So

802
00:43:18,239 --> 00:43:20,640
Speaker 4: it's just at invest America twenty four. And what we're

803
00:43:20,680 --> 00:43:23,160
Speaker 4: going to do there, like we've been doing for three years,

804
00:43:23,200 --> 00:43:25,640
Speaker 4: We're just going to continue to post the updates so

805
00:43:25,760 --> 00:43:29,560
Speaker 4: people can stay informed. Right. Secondly, as the senator said,

806
00:43:29,600 --> 00:43:32,760
Speaker 4: way in, you know, use your voice, use your voice

807
00:43:32,760 --> 00:43:36,560
Speaker 4: in your social networks, direct people to follow it. We're

808
00:43:36,560 --> 00:43:39,680
Speaker 4: building the movement, and the movement's going to last well

809
00:43:39,680 --> 00:43:43,400
Speaker 4: beyond just getting the legislation pass. Remember when we passed

810
00:43:43,400 --> 00:43:46,520
Speaker 4: the legislation. Now, the Treasury Department is going to set

811
00:43:46,600 --> 00:43:48,960
Speaker 4: up these accounts and so you know we're going to

812
00:43:49,040 --> 00:43:52,520
Speaker 4: integrate this into the financial literacy across the country. There

813
00:43:52,560 --> 00:43:57,120
Speaker 4: are already thirty states that require literacy in high school.

814
00:43:57,320 --> 00:43:59,800
Speaker 4: But think about this, it's hard to learn about financial

815
00:43:59,800 --> 00:44:02,520
Speaker 4: life when your parents don't own anything, when you don't

816
00:44:02,520 --> 00:44:05,440
Speaker 4: own anything and you have no prospect of owning anything.

817
00:44:05,760 --> 00:44:07,680
Speaker 4: Now they're going to say, get out your phone, open

818
00:44:07,800 --> 00:44:10,320
Speaker 4: up your Best America account. We're going to talk about

819
00:44:10,320 --> 00:44:12,760
Speaker 4: how you got twenty five thousand dollars in that account,

820
00:44:12,880 --> 00:44:15,200
Speaker 4: what it means to own a little bit of Nvidia

821
00:44:15,360 --> 00:44:19,879
Speaker 4: or Berkshire halfway, how compounding works, how stocks work, what

822
00:44:20,000 --> 00:44:24,680
Speaker 4: voting rights you know in these companies mean. So like,

823
00:44:24,800 --> 00:44:27,840
Speaker 4: this is going to be a movement that lasts well beyond,

824
00:44:29,400 --> 00:44:32,360
Speaker 4: you know, just getting the legislation, but certainly way in.

825
00:44:32,760 --> 00:44:37,160
Speaker 4: And yeah, I want to underscore Senator that you know,

826
00:44:37,239 --> 00:44:41,200
Speaker 4: the Senator's leadership has been incredible here. But what will

827
00:44:41,200 --> 00:44:45,160
Speaker 4: make this big and beautiful is by building a giant tent.

828
00:44:45,360 --> 00:44:49,200
Speaker 4: I will tell you this. I have had former Democratic president,

829
00:44:49,640 --> 00:44:53,320
Speaker 4: I had had lots of members of the Democratic Party

830
00:44:53,360 --> 00:44:57,359
Speaker 4: in the Senate, in the House and across America tell

831
00:44:57,400 --> 00:44:59,839
Speaker 4: me what a great idea this is. They can't wait

832
00:45:00,239 --> 00:45:02,680
Speaker 4: until this happens for the benefit of their kids. Because

833
00:45:02,680 --> 00:45:05,759
Speaker 4: I want to return to this fundamental principle. If you're

834
00:45:05,800 --> 00:45:09,839
Speaker 4: a parent, if you've experienced having a child, you know

835
00:45:10,360 --> 00:45:12,480
Speaker 4: you would give the shirt off your back to your child.

836
00:45:12,920 --> 00:45:16,200
Speaker 4: There's nothing parents want more that a better shot for

837
00:45:16,320 --> 00:45:18,960
Speaker 4: their kid than the shot that they had. And this

838
00:45:19,160 --> 00:45:23,040
Speaker 4: is the way that we do it. It unleashes economic mobility,

839
00:45:23,480 --> 00:45:29,279
Speaker 4: it unleashes human potential. It aligns everybody with the democratic,

840
00:45:29,719 --> 00:45:33,920
Speaker 4: free market, free enterprise principles which has made this country

841
00:45:34,280 --> 00:45:37,000
Speaker 4: so great. You know, here I am in Saudi Arabia today,

842
00:45:37,200 --> 00:45:39,560
Speaker 4: I'm looking out the window of my hotel and I

843
00:45:39,600 --> 00:45:42,120
Speaker 4: will tell you, while it's a very wealthy nation, the

844
00:45:42,160 --> 00:45:46,480
Speaker 4: wealth is not equally distributed. Right. One of the powers

845
00:45:46,480 --> 00:45:51,239
Speaker 4: of America is we have the greatest economic mobility in

846
00:45:51,280 --> 00:45:54,880
Speaker 4: the world. But for too long, over the course of

847
00:45:54,920 --> 00:45:59,080
Speaker 4: the last thirty years, we've had a concentration of that

848
00:45:59,280 --> 00:46:02,799
Speaker 4: because the stuff has been the thing that's compounded all

849
00:46:02,840 --> 00:46:07,200
Speaker 4: the value, and less than three percent of the market

850
00:46:07,280 --> 00:46:10,319
Speaker 4: is owned by the bottom sixty percent of people. We're

851
00:46:10,320 --> 00:46:13,280
Speaker 4: going to turn that on its head by getting everybody

852
00:46:13,360 --> 00:46:16,960
Speaker 4: into the game. And so every rural town in Texas Senator,

853
00:46:17,560 --> 00:46:19,160
Speaker 4: where you have folks who want to vote for you.

854
00:46:19,239 --> 00:46:21,960
Speaker 4: It doesn't matter the color, the race, doesn't matter if

855
00:46:22,000 --> 00:46:24,360
Speaker 4: you're working one or two jobs. You're going to have

856
00:46:24,400 --> 00:46:26,120
Speaker 4: a lot more hope for your kid and you're going

857
00:46:26,200 --> 00:46:29,280
Speaker 4: to have account that you can contribute to that future.

858
00:46:29,360 --> 00:46:33,680
Speaker 4: So that's all I would weigh in, you know, and

859
00:46:33,719 --> 00:46:35,799
Speaker 4: I hope people have an open mind. I think they will.

860
00:46:35,840 --> 00:46:38,600
Speaker 4: You know, you mentioned Social Security and obviously that's a

861
00:46:38,640 --> 00:46:42,400
Speaker 4: sacred promise got to be met, and this is something

862
00:46:42,440 --> 00:46:45,280
Speaker 4: totally different. But you know, if I asked you guys,

863
00:46:46,160 --> 00:46:49,800
Speaker 4: most Americans would have no idea whether that was passed

864
00:46:49,800 --> 00:46:52,600
Speaker 4: by a Republican or a Democrat. Most Americans would have

865
00:46:52,640 --> 00:46:55,839
Speaker 4: no idea about the political debates. Most Americans would have

866
00:46:55,840 --> 00:46:58,200
Speaker 4: no idea you know how many votes had caught in

867
00:46:58,239 --> 00:47:02,040
Speaker 4: favor of it? Where they Republican votes, were they Democrat votes? Right?

868
00:47:02,160 --> 00:47:06,839
Speaker 4: What people remember is doing something that helps America come

869
00:47:06,840 --> 00:47:11,600
Speaker 4: together on Team America, something that unites us not divides us, right,

870
00:47:11,719 --> 00:47:15,040
Speaker 4: something that uplifts families around the country. And I can't

871
00:47:15,080 --> 00:47:19,280
Speaker 4: think of anything more powerful than the power of invest

872
00:47:19,320 --> 00:47:22,080
Speaker 4: America accounts for all these kids born. You know, I'll

873
00:47:22,160 --> 00:47:24,920
Speaker 4: leave you with this. Twenty twenty six is the two

874
00:47:25,040 --> 00:47:29,479
Speaker 4: hundred and fiftieth anniversary of this great American experiment. Right,

875
00:47:29,520 --> 00:47:32,440
Speaker 4: and the three folks on this on the Zoom or

876
00:47:32,520 --> 00:47:38,520
Speaker 4: on this podcast are living testiments. Right, our parents struggled.

877
00:47:38,560 --> 00:47:42,440
Speaker 4: Two of us had parents still bankrupt. Right, and this

878
00:47:42,560 --> 00:47:46,240
Speaker 4: country has been unbelievably good to us. We can unlock

879
00:47:46,320 --> 00:47:50,160
Speaker 4: that power for millions and millions and millions more kids.

880
00:47:50,440 --> 00:47:52,080
Speaker 4: And this is one of the ways we can do.

881
00:47:52,280 --> 00:47:55,239
Speaker 4: Lots of great ideas out there, but you know, we

882
00:47:55,320 --> 00:47:57,359
Speaker 4: got work to do to get this passed. So I'm

883
00:47:57,360 --> 00:48:00,160
Speaker 4: gonna be back in Washington working with the Senate, are

884
00:48:00,200 --> 00:48:04,200
Speaker 4: building that broad coalition making sure that we get it done.

885
00:48:04,280 --> 00:48:07,360
Speaker 4: And you know, and just can't thank you enough for

886
00:48:07,400 --> 00:48:07,920
Speaker 4: your support.

887
00:48:08,280 --> 00:48:10,120
Speaker 2: Well, I want to make sure people know that are

888
00:48:10,120 --> 00:48:12,799
Speaker 2: listening where to follow you guys on X and I'm

889
00:48:12,800 --> 00:48:16,359
Speaker 2: going to say it again at invest America twenty four.

890
00:48:16,560 --> 00:48:19,640
Speaker 2: At Invest America twenty four, don't forget We do this

891
00:48:19,760 --> 00:48:22,239
Speaker 2: show Monday, Wednesday and Friday. Make sure you hit that

892
00:48:22,280 --> 00:48:27,240
Speaker 2: subscriber auto download button wherever you are share this episode.

893
00:48:27,320 --> 00:48:28,840
Speaker 2: This is one of those that really can make a

894
00:48:28,840 --> 00:48:31,480
Speaker 2: difference in the future of this country. So make sure

895
00:48:31,480 --> 00:48:33,960
Speaker 2: you do that and again at follow what they're doing

896
00:48:34,600 --> 00:48:38,000
Speaker 2: at invest America twenty four on X you can see

897
00:48:38,000 --> 00:48:39,960
Speaker 2: a lot more about this and share videos as well

898
00:48:39,960 --> 00:48:41,399
Speaker 2: in the center and I will see you back here

899
00:48:41,440 --> 00:48:42,560
Speaker 2: in a couple of days