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 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.”
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“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 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 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 suggests Trump believes America peaked during 1880s high-tariff era before income tax replaced tariff revenue.
“So prior to 1910, which is when we got the income tax, right, the vast majority,”
Gerstner argues sovereign wealth fund must clear 5% hurdle rate given $40 trillion debt at 5% cost.
“So we're a debtor nation, and we're paying 5% on all that debt. So the hurdle rate to our return that is needed on the sovereign wealth fund, right, is 5%.”
Gerstner argues regulatory burdens keep companies private longer, harming retail investors.
“I think we're better off as a country when these companies are coming public sooner. But that's that's in fact what's happened. So we invest early.”
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 argues US can address nuclear cost problems through regulatory consolidation and clustered reactor construction.
“It seems to me the first two, right, we can tackle, right? You can consolidate the regulatory environment in The United States so that you reduce the time to bring one of these things online and I also think that if you clustered some of these, if we wanted to get back to building more of these reactors”
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 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 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?”