NEW: Brad Gerstner (
@altcap), Founder of Invest America, on scaling Trump Accounts w/ Michael Dell (
@MichaelDell):
โWe forecast that within the next 10 years, we will have $4 trillion in Trump Accounts.โ
โThis is $4 trillion of wealth transfer to kids who would've otherwise had zero, who feel like they're totally out of the game.โ
Stats:
โบ 70M U.S. kids under 18 is the goal
โบ $6.25B committed by Michael & Susan Dell to fund $250 investment account deposits for 25 million U.S. children aged 10 & under
โบ Up to $100M personally pledged by Brad for children in Indiana
โบ $4T in Trump Accounts within 10 years, Brad forecasts
โบ $1,000 federal seed for eligible newborns
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(00:00) Putting $150 Into a Trump Account
(02:53) How Trump Accounts Work
(03:08) Building Invest America
(03:25) Scaling From 9M to 70M Accounts
(03:43) Brad Gerstner & Michael Dellโs Contributions
(04:01) Forecasting $4T in Trump Accounts
(05:06) From Idea to Federal Law
(05:25) The โIPOโ & Scaling to 70M Accounts
(06:31) Teaching 750K Kids Financial Literacy
(07:12) The Power of Compounding
(07:51) The Pushback on Trump Accounts
(08:07) Bipartisan Support
(08:47) Taking the Idea to President Trump
(09:21) โThe Giving Pledge 2.0โ
(10:22) Bradโs AI Safety Take
(10:40) Elon, Dario & Jensen on AI Risk
(11:14) A New Consensus on AI Safety
(11:31) China & AI Peer Review
(11:48) Finding the โCommonsensical Middle Wayโ