Gerstner proposes putting up $10-15 million to incubate Invest America accounts directly instead of lobbying.
“I don't wanna go spend 10,000,000 in Washington to lobby them to create the Invest America account. Let's you and I put up the money. Let's incubate this.”
Gerstner proposes putting up 10 to 15 million dollars to build Invest America proof of concept.
“Let's, you know, let's let's put up $10.10, $15,000,000. Let's distribute it to families, $2,000 at a pop. Let's build a proof of concept, hire a great CEO.”
Gerstner calculates that Invest America started thirty years ago would give 29-year-olds $250,000 today.
“If we had started this thirty years ago, a 29 year old today would have over $250,000 in their Invest America account.”
Gerstner cites that 44% of Americans aged 18-29 believe socialism is superior to capitalism.
“Joe, among the age group 18 29, 44% of that group believe socialism is a superior form of organizing government than capitalism.”
Gerstner calculates 30-year-old would have over $250,000 if Invest America had started thirty years ago.
“If we had started this thirty years ago, a 29 year old today would have over $250,000 in their Invest America account.”
Gerstner calculates $5,000 compounded to age 60 yields $1 million in Invest America accounts.
“5,000 compounded by the age of 60, you have a million dollars in your Invest America account.”
Gerstner details Invest America would seed $1,000 per account with up to $2,000 annual tax-free matching.
“They would seed it with a thousand dollars from the federal government, set up a four zero one k match. So companies or parents could match up to $2,000 tax free each year.”
Gerstner proposes legislation for Treasury to create 3.7 million private investment accounts annually for every child born.
“It's legislation that would cause the treasury department to create 3,700,000 private investment accounts a year. So we have 3,700,000 children born a year.”
Gerstner says Ukraine spending to date would fund Invest America for 20 years covering 75 million children.
“compared to we've spent in Ukraine to date would pay for this program for twenty years and 75,000,000 children touching almost every American household.”
Gerstner says incremental Ukraine budget request could fund Invest America for 50 million kids over fifteen years.
“The the the incremental budget we're looking for in Ukraine would pay for this for 50,000,000 kids and fifteen years.”
Gerstner contrasts $4 billion annual foreign aid to fifteen countries against inability to fund domestic program.
“How can we give 4,000,000,000 a year in foreign aid to all these countries and we can't give that same opportunity to every kid in America?”
Gerstner says Uber CEO Dara agreed to match contributions for employees' children, likening it to a 401k from birth.
“So I was with Dara. I said, Dara, if we set this up, will you match it for all the kids of your drivers and employees?”
Gerstner says the accounts would grow to $12,000 by age 10, giving kids ownership stakes in major companies.
“At 10 years old, you'll have $12,000 in that account. You see that you own a little bit of Tesla, of of Microsoft, of UnitedHealthcare.”
Gerstner calculates Invest America would cost $3.7 billion annually, less than one-hundredth of one percent of budget.
“There are 3,700,000 kids born every year in America. If we just put a thousand dollars in the S and P 500, it's only 3,700,000,000, less than one one hundredth of 1% of the national budget, less than the cost of a single weapon system.”
Gerstner proposes $1,000 S&P 500 accounts for all 3.7 million newborns yearly, costing only 3.7 billion annually.
“This is a bipartisan piece of legislation we hope to have introduced in the spring that would cause the treasury to create a $1,000 seed investment account for every child born in America.”
Gerstner proposes federal government seed $1,000 S&P 500 accounts for all newborns since 70% never benefit from investment.
“Seed it with $1,000 in the S and P 500 because today, 70% of families and kids will never benefit from savings or investment, right?”
Gerstner says bringing everyone into ownership costs less than one hundredth of one percent of national budget.
“It is a this is less than one one hundredth of 1% of our national budget to give everybody skin in the game”
Gerstner proposes federal government seed $1,000 S&P 500 accounts for 3.7 million children born annually.
“This idea is a bipartisan piece of legislation where the federal government will seed a private investment account for every child born in America. So think about this. 3,700,000 children born a year.”
Gerstner details Invest America accounts would grow tax-free with $750 annual additions from employers or families.
“If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that. Tax free. Correct.”
Gerstner proposes seeding 3.7 million accounts annually with $1,000 each, costing $3.7 billion yearly.
“This legislation will cause the Treasury Department to set up 3,700,000 private accounts. Those private accounts will be seeded with $1,000 from the federal government.”
Gerstner projects Invest America accounts would grow to $175k at age 30 and $1 million at 55.
“At the age of 55, everybody has a million bucks based upon the compounding that's occurred for the last seventy five years in the S and P 500.”
Gerstner says Invest America would cost $3.7 billion annually, less than one-tenth of 1% of federal revenue.
“The total cost to the government is $3,700,000,000 less than one tenth of 1% of our federal revenue.”
Gerstner projects $1,000 initial investment with $750 annual additions grows to $1 million by age 50.
“if you start with a thousand bucks and we get $750 added a year, birthday money, bar mitzvah money, your parents Venmoing in $20 a week, four zero one k matches from your folks' employers, philanthropic contributions to these accounts, You have $14,000 when you're in seventh grade.”
Gerstner announces Dell, AMD, Salesforce, and Uber CEOs will contribute to employee children's Invest America accounts.
“last week we announced Michael Dell, Lisa Su from AMD, Mark Benioff, Dara Kausher Shahi at Uber, and incredible CEO accounts who all said, we will contribute to the accounts of the children born to our employees.”
Gerstner says Invest America accounts compound to $175k at 30 and $1M at 50.
“At 30, you have $175,000. And at 50, you have a million dollars. But most importantly, your entire life, you have hope. Right? Your entire life, we tackle the problem of hopelessness in this country.”
Gerstner proposes every child born gets a $1000 Invest America account in S&P 500.
“So every child born, 3,700,000 children born in this country a year, they all get a thousand dollar investment account invested in the S and P 500.”
Gerstner says individuals with $100B+ could invest $10B to match contributions for families earning under $150K.
“I've heard from several of these folks who have upwards of a $100,000,000,000 that they could take $10,000,000,000, put it in a drawdown trust in their state, for example, invest in the S and P 500, and match for all the kids of the families who earn, let's call it, under a $150,000.”
Gerstner describes Invest America as creating 3.7M annual investment accounts for newborns with corporate contributions from Uber, Dell, Oracle, Nvidia.
“So the idea is that the federal government would cause to be created 3,700,000 investment accounts a year for every child that's born in America.”
Gerstner cites Milken Institute research showing Invest America accounts increase graduation, homeownership, and reduce incarceration rates.
“They have vastly higher levels of financial literacy. They're more likely to become a taxpayer, and they're less likely to end up in jail.”
Gerstner calculates that $1,000 seed accounts for all newborns would cost $3.7 billion annually.
“So if you give $1,000 in a seed capital account to each of the newborns in this country every year, it costs $3,700,000,000 Okay? $3,700,000,000”
Gerstner says Ukraine's $175 billion could fund Invest America for 45 years and 170 million children.
“That $175,000,000,000 would pay for this for forty five years and a 170,000,000 American children. It's time that we start making trade offs.”
Gerstner says less than half of Americans under 40 believe in capitalism, prompting his proposal.
“Okay? He said the Marxists are going to hate this because every child from birth is going to be aligned with capital Right?”
Gerstner cites studies showing children with investment accounts have better educational and economic outcomes.
“We know that kids who have an investment account for birth, they're more likely to graduate from high school. They're more likely to be financially literate.”
Gerstner names Uber, Dell, AMD, and Salesforce as CEOs joining council to contribute to employee children's accounts.
“Uber, Dell, AMD, Salesforce, who raise their hand, and they say, this is a great idea.”
Gerstner says 50 potential account administrators would manage Invest America accounts for free and contribute at opening.
“Of the 50 people who could be administrators of these accounts on a private label basis to the federal government, they've not only said that they would manage them for the lifetime of the account for free, but that they would actually contribute at the time the account was opened because they know savers save.”
Gerstner proposes seeding $1,000 S&P 500 accounts at birth, treating them like 401(k)s from day one.
“Seed it with a thousand dollars in a lockbox in the S and P 500, and treat it like a four zero one k from birth.”
Gerstner acknowledges future capital gains taxes on Invest America accounts would offset initial federal contributions.
“At some point, you're going to have to pay taxes on the back end of those accounts. Right? A capital gains tax on the back end of the account.”
Gerstner proposes seeding investment accounts with $1,000 at birth alongside Social Security numbers, modeled on 401(k) system.
“At birth, every child gets in Social Security number. We ought to also set up at the exact same time an investment account.”
Gerstner proposes billionaires use $10B drawdown trusts to match accounts for families earning under $200K in states like Texas.
“They would invest it in a drawdown trust. They would match every kid in the state of Texas whose family earns under $200,000 for the lifetime of that account.”
Gerstner says Invest America could pass by July 4, 2026, giving 40 million children ownership in Apple, Berkshire, and Microsoft.
“If the president signs this into law as part of reconciliation on July 4 of this year, that means on our two hundred and fiftieth anniversary, 07/04/2026, we can have 40,000,000 children, 40,000,000 families.”
Gerstner projects Invest America accounts would grow to $50,000-$60,000 by age 18 through S&P 500 compounding.
“So by the time you're an eight you're 18 years old, you will have an account in the S and P five hundred that's worth upwards of 50 to $60,000.”
Gerstner says Invest America would give 3.7 million kids born annually a private account like a 401(k).
“3,700,000 kids born a year. They each get a private account. Think of it as a four zero one k from birth.”
Gerstner says 70% of Americans lack compounding accounts and proposes $1,000 at birth in private federal accounts.
“We need to get them into the game. So it's a thousand dollars at birth, seeded by the, the federal government, but private accounts.”
Gerstner says 3.7 million kids born yearly would get private accounts, with Uber, Dell, Oracle, and Nvidia contributing.
“And we have companies like Uber and Dell and many, many others, Oracle, Nvidia, etcetera, all say they'll contribute to the accounts of the kids of their employees.”
Gerstner says House renamed his Invest America proposal to MAGA account, which is polarizing.
“In the house version of the bill, they renamed it the MAGA account, which stood for money account for growth and advancement.”
Gerstner projects that $1,000 seed plus $750 annually grows to $50,000 by age 18.
“If we do this, $7.50 a year, it's $50,000 at age 18 when they can first touch it,”
Gerstner says 70% of Americans don't participate in market upside and less than half under 40 favor capitalism.
“They don't have accounts that compound. They feel left out. They feel left behind. Less than half of people under the age of 40 have a favorable view of capitalism.”
Gerstner says $3.7 billion annual cost for Invest America equals one Patriot missile battery, calling it budget dust.
“Just to contextualize that, that's about the cost of a single Patriot missile battery. In in Washington, they call this budget dust.”
Gerstner says Invest America costs $3.7 billion annually, equivalent to one Patriot missile battery.
“So the total cost of this, 3,700,000 kids born a year, a thousand bucks each kid, $3,700,000,000. Just to contextualize that, that's about the cost of a single Patriot missile battery.”
Gerstner proposes giving every newborn a $1,000 S&P 500 account with corporate contributions from major companies.
“You start every child at birth, 3,700,000 kids with $1,000 investment account in the S and P 500. It's a four zero one ks from birth.”
Gerstner says his Invest America proposal was included in reconciliation bill after three-year fight.
“I fought for this for three years. We just got it included in the reconciliation bill. The House lost their mind, some freedom caucusers and tried to rename it MAGA accounts.”
Gerstner says Invest America accounts will be automatically created at birth starting July 4, 2026.
“starting on July fourth of next year, Bill, as close to automatic account creation as possible.”
Gerstner reports 65 million kids qualify for Invest America accounts, with launch expected early December.
“at the start today, there are 65,000,000 kids in the country qualified for an Invest America account, every kid under the age of 18.”
Gerstner projects $1,000 plus $750 yearly grows to million dollars by age 50-55 using S&P returns.
“That's a $150,000 at age 30, and it's a million dollars at age 50 or 55 using the 75 track record of the S and P 500.”
Gerstner reveals Dell's $6.25 billion targets only zip codes with average income under $150,000.
“A key component of their announcement, Ed, was that their 6,250,000,000 is only going to families that live in zip codes where the average income is less than $150,000 So they're targeting, they're excluding the highest earning zip codes in the country.”
Gerstner says 50 million of 65 million kids under 18 would never own a compounding account without this program.
“Under the age of 18, that's 65,000,000 kids. And of those 65,000,000, 50,000,000 would never own an account that compounds.”
Gerstner projects $1,000 with $750 annual additions grows to $50,000 at 18 and $1 million by age 55.
“if they start with $1,000, and an employer or mom and dad or a philanthropist adds just $750 a year, that's $50,000 at the age of 18.”
Gerstner reveals four-year effort to pass law with Booker and Cruz letter to 1,000 CEOs.
“I've been working on this idea to first get it passed into law for four years.”
Gerstner announces 60 million Invest America Trump accounts to be created by June this year.
“Lots more to come, Scott. 60,000,000 accounts created this year by June. Invest America Trump accounts are gonna change the game. It's gonna be a massive change for this country.”
Gerstner predicts 60 million Invest America accounts will be created by June, calling it a massive change.
“60,000,000 accounts created this year by June. Invest America Trump accounts are gonna change the game. It's gonna be a massive change for this country.”
Gerstner confirms Michael Dell's contribution targets ZIP codes with median income under $150,000.
“Michael's contribution is for the ZIP codes where the median income is a $150,000 or less. So I think this is gonna be plenty progressive.”
Gerstner announces that starting July 4, 2026, every child born will receive a thousand-dollar investment account at birth.
“In 2026, this year on July 4, every child born forevermore, think about that, forevermore. This is the magnitude of Social Security.”
Gerstner projects that adding $750 yearly to the initial $1,000 grows to $1 million by age 55.
“If you start with a thousand bucks and add just $750 a year, it's 50,000 at 18, it's 200,000 at age 30, and it's a million dollars at age 55.”
“The president said last week, twenty years from now, there will be a 100,000,000 kids and families that have 3 to 4,000,000,000,000 in wealth that would have otherwise had zero because they start off with a thousand dollars, and we add money to those accounts.”
Gerstner says every child will have an app showing ownership of shares in NVIDIA, Walmart, and Microsoft.
“Every child is gonna have on their phone an app. They're gonna see. They own a little bit of NVIDIA, a little bit of Walmart, a little bit of Microsoft.”
Gerstner announces Invest America accounts launching July 4th with automatic $1,000 for every newborn.
“Starting in, on July 4, just sixty days from today, every child forevermore born in America will start off with an investment account at birth, automatic, stapled to their Social Security with a thousand dollars in the S and P 500.”
Gerstner says Invest America law launches in sixty days with automatic accounts for every child.
“It's an unbelievable dream that became law last July 4. Starting in, on July 4, just sixty days from today, every child forevermore born in America will start off with an investment account at birth,”
Gerstner says 40 million kids are eligible for Trump accounts with $250 minimum or $1,000 under age two.
“There are 40,000,000 kids in this country eligible today to go sign up at trumpaccounts.gov. They get at least $250.”
Gerstner says starting in 2027, automatic enrollment will give 3.7 million kids accounts annually.
“And importantly, starting in 2027, you don't have to sign up. It's gonna be automatic at birth. 3,700,000 kids born a year.”
Gerstner says institutional demand for Cerebras is around $250-275 range, while demand over $300 is mostly retail investors.
“I would say it's more in that range. That's what I'm hearing from the institutions. I think most of the demand over 300 is frankly retail that listen.”
Gerstner calculates that $1,000 plus $50 monthly becomes $50,000 at 18 and $175,000 at 30.
“If you start with a thousand and just add $50 a month, that's $50,000 at 18. That's a $175,000 at age 30.”
Gerstner explains Invest America funds will be invested in the top 500 US companies, making children direct shareholders.
“All of the money that goes into these accounts will be invested in the best 500 companies in America. They will be direct shareholders, a little bit of Nvidia,”
“Every child under two, remember, is gonna get a thousand dollars automatically funded on July 4. Most kids between the age of two and 10 will get at least $250.”
Gerstner says 60 to 70 percent of people don't participate in capital markets upside, expects related announcements soon.
“60 to 70% of people today don't compound in the upside of our capital markets. I think you'll see a lot of announcements in the weeks ahead.”
Gerstner reveals he's asking AI companies including OpenAI to voluntarily contribute 1% of shares to children's accounts.
“You know, we could set up a dedicated citizen pool where all the money could go that, and it goes directly to citizens.”
Gerstner proposes direct AI company profit sharing with citizens through Invest America accounts, bypassing government intermediaries.
“If we wanna have a profit sharing between AI companies and citizens, we have a mechanism to do that directly without having to have an intermediary in the government.”
Gerstner reports Micron announced $250 million for a million kids' accounts this week.
“And the momentum we have around this is totally extraordinary. Every company that is signing up to add money to the accounts of of of the kids, of their employees, companies like Micron, Sanjay announced this week, $250,000,000 going to a million kids in the communities they serve.”
Gerstner cites Micron's $250 million contribution to a million kids and the Dells' $6.25 billion gift.
“Companies like Micron, Sanjay announced this week, $250,000,000 going to a million kids in the communities they serve. Of course, everybody's familiar with the $6,250,000,000 gift from the Dells,”
Gerstner says children will own shares in SpaceX, Google, and OpenAI as part of a decades-long journey.
“Owning some shares in SpaceX, in Google, in OpenAI, and in Thropping. And all these companies that we're talking about, this is step one. Remember, this is a journey that will last decades,”
Gerstner cites research showing children with savings have better educational, economic, and incarceration outcomes.
“And we know when kids have savings, when they have investment, they're more likely to graduate from high school and college. They're more likely to buy a home.”
Gerstner announces that starting Saturday, every American child born will receive a $1,000 S&P 500 account at birth.
“The idea that starting this Saturday, every child born forevermore forevermore in the history of America will get an investment account at birth, seeded with a thousand dollars in the S and P 500 that will compound for their lifetime.”
Gerstner argues direct stock gifts to all children enable large-scale philanthropy without overhead.
“Think about the transformational effect of that. So we now have the ability to have large scale direct philanthropy,”
Gerstner cites Buffett's frustration with Gates Foundation overhead, proposes direct stock gifts as transformational alternative.
“Now imagine that instead he could just give a share of Berkshire Hathaway to every child in America and let that compound for the last twenty years.”
Gerstner announces Monday's historic joint NYSE-Nasdaq opening bell from Oval Office, first time in history for account launch.
“I'll be at the White House on Monday for a historic joint bell ringing where the New York Stock Exchange and Nasdaq are coming together for the first time, and we're gonna ring the opening bell, a joint bell from the Oval Office for the first time in history, marking the celebration for the launch of these accounts.”
Gerstner says billions more in corporate contributions to children's accounts are queued up beyond the $6.25 billion Dell gift.
“Of course, everybody's familiar with the $6,250,000,000 gift from the Dells, but we have Ray Dalio in Connecticut, me in Indiana, Harold Hammond in Oklahoma.”
Gerstner announces first-ever joint NYSE-Nasdaq opening bell from the Oval Office on Monday.
“I'll be at the White House on Monday for a historic joint bell ringing where the New York Stock Exchange and Nasdaq are coming together for the first time, and we're gonna ring the opening bell, a joint bell from the Oval Office”
Gerstner contrasts new direct stock philanthropy model with traditional foundation overhead that frustrated Warren Buffett.
“Think about the transformational effect of that. So we now have the ability to have large scale direct philanthropy, no middleman in the middle taking a rake of those proceeds”
Gerstner says he has billions in additional announcements queued up for children's accounts.
“And I can tell you, I have billions and billions of announcements in queue for the kids. This is bonus dollars”
Gerstner expects to auto-create 70 million accounts with Social Security Administration in coming months.
“I hope that over the course of the next few months we're going to be auto creating with the Social Security Administration 70,000,000 accounts for every kid under the age of 18”
Gerstner says the president asked him and Michael Dell to raise $100 billion, with tens of billions already committed.
“The president asked Michael Dell and I to go out and raise a $100,000,000,000 for these Trump accounts and we're well on our way.”
Gerstner expects Social Security Administration to auto-create 70 million accounts for all children under 18 within months.
“I hope that over the course of the next few months we're going to be auto creating with the Social Security Administration 70,000,000 accounts for every kid under the age of 18 so that we can get this money into those accounts and and get it compounding.”
“Every child forevermore born into this country under the age of two is gonna get a thousand dollars invested in the S and P 500 that can compound for their lifetime.”
Gerstner announces Gwen Shotwell gifted 2 million SpaceX shares to 2 million children through Invest America accounts.
“Gwen Shotwell's gift this morning, an extraordinary gift. 2,000,000 shares of SpaceX to 2,000,000 kids that they'll hold in their accounts over the course of the the next ten to to twenty years.”
“@Raj_Menon @LincGerstner @InvestAmerica24 @TrumpAccounts We will soon automatically open accounts for every child in America under 18 & make logging into the acct even easier. This will be the best app in the history of gov’t - & at 4.8 app store - we want to blow minds & change lives!”
Gerstner apologizes for delay and asks user to try the app from scratch
“@JoDaddy34 @LincGerstner @InvestAmerica24 @TrumpAccounts Apologies. Download app and try to do from scratch. If still unable will report.”