00:00:00
This is one of the greatest
00:00:02
philanthropic gifts in the history of
00:00:05
humanity. People have just kind of
00:00:07
glossed over to it because there's a lot
00:00:08
of big numbers in the world, but we're
00:00:10
talking about you and Susan sat down and
00:00:12
said, "We're going to give a number."
00:00:13
And that number was 567 billion.
00:00:16
>> It's $250
00:00:19
to 25 million children ages 2 to 10 in
00:00:22
zip codes where the median income is
00:00:24
$150,000 or less.
00:00:27
>> It's $6.25 billion. This is Social
00:00:30
Security 2.0. This is the biggest change
00:00:33
to the social contract in America in 50
00:00:35
years. 3.7 million kids a year will get
00:00:39
an account that can compound. It's a
00:00:40
401k from birth. And yes, we're going to
00:00:43
have a lot of announcements, but it's
00:00:45
not just billionaires. It's going to be
00:00:47
companies that are donating stock on
00:00:49
their IPOs into these accounts. It's
00:00:51
going to be wealthy people. It's going
00:00:53
to be states. It's going to be moms and
00:00:55
dads. It's going to be corporations. And
00:00:57
the estimate is over 15 years we can
00:01:00
move $5 trillion into the pockets of
00:01:03
families that would have otherwise had
00:01:06
zero $5 trillion. If this $5 trillion
00:01:09
moved through government programs, it
00:01:12
would get incinerated.
00:01:13
>> Exactly.
00:01:14
>> That's what we see happen. There's just
00:01:15
a million crony structures that take it
00:01:18
away and destroy it. So to give it
00:01:19
directly into the accounts is the
00:01:21
circumstance. And it unlocks the human
00:01:23
potential. It's not just the money. It's
00:01:26
that I'm in the game. I have a shot.
00:01:29
>> Invest America. It's not a red idea or a
00:01:32
blue idea. It's a red, white, and blue
00:01:33
idea. Right.
