One of the greatest philanthropic gifts in the history of humanity”: Funding 25M investment accounts

This is one of the greatest philanthropic gifts in the history of humanity. People have just kind of glossed over to it because there's a lot of big numbers in the world, but we're talking about you and Susan sat down and said, "We're going to give a number." And that number was 567 billion. >> It's $250 to 25 million children ages 2 to 10 in zip codes where the median income is $150,000 or less. >> It's $6.25 billion. This is Social Security 2.0. This is the biggest change to the social contract in America in 50 years. 3.7 million kids a year will get an account that can compound. It's a 401k from birth. And yes, we're going to

have a lot of announcements, but it's not just billionaires. It's going to be companies that are donating stock on their IPOs into these accounts. It's going to be wealthy people. It's going to be states. It's going to be moms and dads. It's going to be corporations. And the estimate is over 15 years we can move $5 trillion into the pockets of families that would have otherwise had zero $5 trillion. If this $5 trillion moved through government programs, it would get incinerated. >> Exactly. >> That's what we see happen. There's just a million crony structures that take it away and destroy it. So to give it directly into the accounts is the circumstance. And it unlocks the human

potential. It's not just the money. It's that I'm in the game. I have a shot. >> Invest America. It's not a red idea or a blue idea. It's a red, white, and blue idea. Right.