Latest / The Ben Ferguson Podcast / Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence
Transcript
- 0:01Speaker 1: Welcome in his verdict with Center, Ted Cruz Ben Ferguson
- 0:04Speaker 1: with you as well, and it's so nice to have
- 0:05Speaker 1: you with us. If you're listening on the radio around
- 0:07Speaker 1: the country, Centator, We've got a lot to talk about
- 0:10Speaker 1: on today's show. And you had a really fun week
- 0:14Speaker 1: and something that you'd been working on for a long
- 0:16Speaker 1: time has become a reality. It's going to fundamentally change
- 0:19Speaker 1: the future for so many young people in this country
- 0:21Speaker 1: as well.
- 0:22Speaker 2: Well, that's right.
- 0:23Speaker 3: So this week I joined President Trump for a big
- 0:26Speaker 3: event at the Treasury Department rolling out the Trump Accounts.
- 0:29Speaker 3: And as you know, the Trump accounts are a major
- 0:34Speaker 3: provision that we passed last year as part of the
- 0:37Speaker 3: Working Families tax cut. I authored the Trump Accounts. I
- 0:40Speaker 3: wrote the legislation for what became the Trump Accounts, and
- 0:44Speaker 3: it is the Trump Accounts and the school choice provision
- 0:48Speaker 3: are I believe the two most significant provisions in the
- 0:51Speaker 3: entire bill. There are lots of other things that matter
- 0:54Speaker 3: in the bill. Obviously, the tax cuts are hugely important.
- 0:56Speaker 3: Securing the border, rebuilding the military, all of that is
- 1:00Speaker 3: enormously important. But I think the two provisions that will
- 1:04Speaker 3: still be making a massive difference in this country ten
- 1:07Speaker 3: twenty thirty years from now are the Trump accounts and
- 1:10Speaker 3: school choice. On school choice, we're going to see tens
- 1:14Speaker 3: of billions of dollars of scholarships for kids all over
- 1:17Speaker 3: this country to be able to go to the school
- 1:19Speaker 3: of their choice, for kids trapped in failing schools to
- 1:22Speaker 3: be able to get out of those schools and get
- 1:24Speaker 3: an excellent education that is transformative. And for the Trump accounts.
- 1:29Speaker 3: Starting on July fourth of this year, every kid in
- 1:33Speaker 3: America is going to have a private investment account open
- 1:36Speaker 3: for them. Newborn kids are going to have it seeded
- 1:40Speaker 3: with one thousand dollars, and then parents and family and
- 1:43Speaker 3: employers can contribute five thousand dollars a year in a
- 1:46Speaker 3: tax advantage account and all of that money will be
- 1:49Speaker 3: invested in the stock market. In the s and P
- 1:51Speaker 3: five hundred and so, President Trump did a big event
- 1:54Speaker 3: celebrating these accounts. It was really powerful, and there's just
- 1:58Speaker 3: enormous enthusiasm. As for the impact these Trump accounts are
- 2:02Speaker 3: going to have.
- 2:03Speaker 1: Yeah, it really is. The President also loves giving you
- 2:06Speaker 1: a hard time. It's really fun to watch you, guys
- 2:09Speaker 1: spend a lot of time together and you've actually, especially
- 2:12Speaker 1: this last year, you guys have done a lot of
- 2:15Speaker 1: things together with legislation. You've been and there's weeks where
- 2:20Speaker 1: I laughed that you would be at the White House
- 2:21Speaker 1: three or four days in a row with a different
- 2:24Speaker 1: piece of legislation each day that you were a part of.
- 2:27Speaker 4: This was a core part of that. You guys worked hard.
- 2:30Speaker 1: And he made sure he mentioned you, and I want
- 2:33Speaker 1: people to take a look at this. It was really
- 2:35Speaker 1: fun to watch the President talk about you as he
- 2:38Speaker 1: was having this signing.
- 2:39Speaker 2: Day, and the Senator was a friend of mine.
- 2:41Speaker 5: You wouldn't believe that because we went through a rough
- 2:43Speaker 5: campaign together.
- 2:44Speaker 4: It was nasty.
- 2:46Speaker 5: We got along so well and everybody. We actually did
- 2:48Speaker 5: joint rallies. Can you believe it. He wanted to get
- 2:52Speaker 5: somebody action, so he's smart. He said, would you do
- 2:54Speaker 5: a rally with me? But we did joint rallies and
- 2:57Speaker 5: the press used to say, will you ever, you know,
- 3:00Speaker 5: start fighting. I said, don't worry, it'll come. He said
- 3:03Speaker 5: the same thing. Don't worry, it'll come. He's a very
- 3:06Speaker 5: tough guy, very brilliant guy. In fact, when I said,
- 3:09Speaker 5: you know, because I had never gone into a debate before, officially.
- 3:12Speaker 5: My whole life was a debate. But I'd never debated
- 3:14Speaker 5: before officially. And I said, let me find out about
- 3:19Speaker 5: my competition. Who are these people because many of them,
- 3:22Speaker 5: you know, they were senators and mostly senators and governors.
- 3:25Speaker 5: And I said, well, what don't we start with this
- 3:28Speaker 5: guy named Ted Cruz? Let me, you know, give me well,
- 3:31Speaker 5: he was the best student at Harvard, number one in
- 3:34Speaker 5: his class. He was the best student at Princeton or something,
- 3:38Speaker 5: and he was the national debate champion for three years.
- 3:42Speaker 5: And I said, well, I don't like that.
- 3:43Speaker 6: I didn't know that.
- 3:45Speaker 2: I don't like that.
- 3:46Speaker 5: And he was very good debate. I will tell you
- 3:48Speaker 5: that it's a smart guy. But I'll never forget because
- 3:52Speaker 5: he was the first one I looked at. You know,
- 3:53Speaker 5: I've just joined the ranks of politics. And the first
- 3:59Speaker 5: famous that it was the Rosie o'donald. Remember that only
- 4:02Speaker 5: Rosie o'donald. We taken Ireland, you can keep her. Ireland
- 4:09Speaker 5: is not a strumous The head of Ireland said, are
- 4:12Speaker 5: all your people this way?
- 4:13Speaker 4: We don't want that.
- 4:15Speaker 5: But Ted Cruz has one thing that if I ever
- 4:19Speaker 5: had problems, because it's hard to get people to.
- 4:21Speaker 2: Prove he's a brilliant legal mind.
- 4:24Speaker 5: He's a brilliant man.
- 4:26Speaker 2: If I nominate him.
- 4:27Speaker 5: For the United States Supreme Court, I will get one
- 4:31Speaker 5: hundred percent of the vote. The Democrats will vote for
- 4:33Speaker 5: him because they want to get him the hell out,
- 4:35Speaker 5: and the Republicans will vote for him because they want
- 4:38Speaker 5: to get him the hell out too.
- 4:40Speaker 2: Where's Ted?
- 4:41Speaker 6: Where are you Ted?
- 4:46Speaker 2: And with all of that, Big said, he's a great
- 4:48Speaker 2: guy too. He's a great guy.
- 4:49Speaker 5: We've become friends and he's a very effective person too.
- 4:53Speaker 4: Thank you Ted very much, Senator.
- 4:55Speaker 1: That joke, by the way, is going to have like
- 4:57Speaker 1: a really big life shelf.
- 5:00Speaker 4: But there.
- 5:00Speaker 1: It's been going on since what like twenty sixteen, seventeen eighteen, and.
- 5:04Speaker 4: He loves using it.
- 5:05Speaker 1: I laugh every time he does it because I just
- 5:08Speaker 1: know it's coming and I know where he's going.
- 5:10Speaker 4: But it gets bigger and bigger every time.
- 5:12Speaker 3: Yeah, No, he's been he's been using that joke a
- 5:15Speaker 3: long time where he's used it at rallies, he's used
- 5:17Speaker 3: it in the Oval. Look, President Trump is a force
- 5:21Speaker 3: of nature. And and also when when he's at the microphone,
- 5:24Speaker 3: you never know what he's going to say. I'm not
- 5:26Speaker 3: sure I mean, it's kind of it's it's extemporaneous, and
- 5:29Speaker 3: and and he can like the Rose O'Donnell line that
- 5:32Speaker 3: you know, Ireland can keep her that that you know,
- 5:35Speaker 3: that's just kind of him riffing. And and but I
- 5:39Speaker 3: got to say he also the courage he's shown has
- 5:44Speaker 3: been extraordinary. And look the Supreme Court thing he's brought
- 5:47Speaker 3: up a lot of times, and you know that I've
- 5:50Speaker 3: told him that my answer is not just no to that,
- 5:53Speaker 3: but hell no, that I don't want to be a judge.
- 5:56Speaker 3: I want to be in the political fight. And the
- 5:58Speaker 3: right place to be in the political fight is exactly
- 6:00Speaker 3: where I am now.
- 6:02Speaker 1: But you know what, you know, it's funny that today
- 6:04Speaker 1: I was at the Supreme Court. And I didn't tell
- 6:06Speaker 1: you this, but I was watching the case, the West
- 6:08Speaker 1: Virginia case. My old roommates, the ag from West Virginia.
- 6:11Speaker 1: They were finding that case. And as I was sitting
- 6:13Speaker 1: there because I don't normally go to the oral arguments,
- 6:15Speaker 1: but like, I had an interest in being there for that.
- 6:17Speaker 4: It was a big case and I was.
- 6:19Speaker 1: Looking up there and I was just imagining you being
- 6:21Speaker 1: on the court, and in my mind, I was like,
- 6:24Speaker 1: it would be really cool if you got it. And
- 6:25Speaker 1: I think you'd be bored out of your mind if
- 6:27Speaker 1: you were there, Like.
- 6:27Speaker 4: I could just see you. I was watching.
- 6:29Speaker 1: I think it was Roberts who just kept doing this
- 6:32Speaker 1: back and forth rocking, and I'm like, I wonder what
- 6:34Speaker 1: your tick would be as that would be going on.
- 6:36Speaker 4: But I laughed because I'm like, I don't see you
- 6:38Speaker 4: there at all. Well.
- 6:39Speaker 3: Look, and a lot of people are surprised when they
- 6:42Speaker 3: hear that I don't want to be a judge because
- 6:45Speaker 3: a lot of my life, my whole career before being
- 6:47Speaker 3: in the Senate, was a Supreme Court litigator, and so
- 6:50Speaker 3: that's what I did for a living. Is represented Texas
- 6:52Speaker 3: and represented private clients arguing before the US Supreme Court,
- 6:56Speaker 3: and it's an institution I revere. I cared deeply about
- 7:00Speaker 3: having principled constitutionalist on the court. The reason and people
- 7:05Speaker 3: are sometimes really surprised, like why would you not want that?
- 7:08Speaker 3: And the reason is a principled federal judge stays out
- 7:12Speaker 3: of politics, stays out of policy. So, for example, we
- 7:14Speaker 3: talked about the two huge victories UH that I authored
- 7:18Speaker 3: that are in UH in the Working Families tax cut,
- 7:22Speaker 3: school choice and the Trump accounts. If I were a judge,
- 7:25Speaker 3: I couldn't do either one of them. And and I
- 7:28Speaker 3: want to be fighting for victories like that. I want
- 7:30Speaker 3: to be fighting to secure the border. I want to
- 7:31Speaker 3: be fighting to enhance our national defense. I want to
- 7:33Speaker 3: be fighting to cut taxes and and and and repeal
- 7:37Speaker 3: job killing regulations. And if you want to do that,
- 7:40Speaker 3: the place to do it is in the elected branches
- 7:43Speaker 3: of government and and so men, and and that's exactly where.
- 7:47Speaker 4: You need to be.
- 7:47Speaker 1: And I think most people listen to this show agree
- 7:49Speaker 1: with that, especially on the issues you're talking about right now.
- 7:52Speaker 2: And I like being in the battle.
- 7:54Speaker 3: I mean, I like you know, I mean it is
- 7:56Speaker 3: every day that the Senate is like the Roman colisseum,
- 7:59Speaker 3: where where you're battling the barbarians, and it's a heck
- 8:03Speaker 3: of a lot of fun.
- 8:04Speaker 1: All right, center, I want to get back to these
- 8:06Speaker 1: Trump accounts, and let's talk about the nitty gritty of
- 8:09Speaker 1: this when you look at the dollars and the growing
- 8:14Speaker 1: of wealth, and how this could fundamentally change a country
- 8:18Speaker 1: where every child that is in poverty could get out
- 8:21Speaker 1: of poverty just by having these accounts, and and talk
- 8:25Speaker 1: about where they could start a small business or be
- 8:26Speaker 1: able to pay for college or different things like that.
- 8:29Speaker 1: It is truly empowering for an entire generation what we
- 8:33Speaker 1: are now starting with these Trumps accounts. I actually think
- 8:36Speaker 1: it's going to be one of the biggest parts of
- 8:37Speaker 1: your legacy ever.
- 8:38Speaker 3: Yeah, look, I think the Trump accounts will be truly transformation.
- 8:42Speaker 3: And I will say it's interesting. I think President Trump initially,
- 8:45Speaker 3: when when we laid out the idea to him, he
- 8:47Speaker 3: liked it. But I think as he's as he's seen
- 8:50Speaker 3: more and more what these are going to do, I
- 8:52Speaker 3: think he's really appreciating that these are going to be
- 8:54Speaker 3: a huge part of his legacy. When when all of
- 8:58Speaker 3: us are dead and buried, people are still going The
- 9:00Speaker 3: impact of the Trump accounts is going to echo forward.
- 9:04Speaker 3: And the two massive benefits are Number one, every kid
- 9:08Speaker 3: in America is going to get the benefit of compound growth.
- 9:11Speaker 3: You know, half of the people in America don't own
- 9:14Speaker 3: a single stock and don't own a single bond. And
- 9:16Speaker 3: the impact, well here give a listen to Fox News
- 9:19Speaker 3: talking about just how much wealth kids can accumulate through
- 9:25Speaker 3: these Trump accounts.
- 9:26Speaker 4: You kind of touch on this.
- 9:28Speaker 7: By age eighteen, right, you could have three hundred and
- 9:33Speaker 7: three thousand.
- 9:34Speaker 4: Dollars by age twenty eight.
- 9:36Speaker 7: It's more than a million if you do the maximum contributions.
- 9:40Speaker 7: If you give no contributions, you're still shy of six
- 9:43Speaker 7: thousand dollars or its ain't nothing, and then eighteen thousand
- 9:46Speaker 7: dollars by age twenty eight. You know, President Bush forty
- 9:49Speaker 7: three pushed this idea about twenty five years.
- 9:53Speaker 1: I mean, you look at just the political willpower of
- 9:55Speaker 1: getting something like this done. It shouldn't take this much,
- 9:59Speaker 1: but this was a major fight center that you have
- 10:01Speaker 1: to go to Warwi to get it to happen.
- 10:04Speaker 4: And I don't understand why.
- 10:06Speaker 3: Look, in the tax cut, you were competing with everything else.
- 10:10Speaker 3: Everyone else had a priority, and so it was dividing
- 10:14Speaker 3: the pie. And it was also look, this was something new,
- 10:17Speaker 3: it was major. Getting it through the Senate Parliamentarian was
- 10:20Speaker 3: a real challenge, and we fought hard and got it through.
- 10:23Speaker 3: And you know, you look at that math. You know,
- 10:27Speaker 3: you're not talking about just the kids of rich people.
- 10:30Speaker 3: You're talking about the kids of a single mom who's
- 10:33Speaker 3: waiting tables and the math of that. So a little
- 10:37Speaker 3: girl born this year, she gets the thousand dollars automatically
- 10:41Speaker 3: put in the account, and that can accumulate and grow.
- 10:45Speaker 3: But where the real math is is if their contributions
- 10:48Speaker 3: of five thousand a year, now those can come from
- 10:50Speaker 3: a parent, those can come from a family member, or
- 10:53Speaker 3: those can come from an employer. And there are two
- 10:57Speaker 3: big accelerants that we wrote into the ill. Number one
- 11:01Speaker 3: is the employer piece of it that the employers think about.
- 11:05Speaker 3: To give you a sense of the scope and magnitude,
- 11:09Speaker 3: think back to when Congress passed section four oh one
- 11:12Speaker 3: K of ARISA. That was decades ago, and I suspect
- 11:16Speaker 3: nobody in Congress knew just how fundamentally they were going
- 11:20Speaker 3: to change how Americans save for retirement. There are right
- 11:24Speaker 3: now more than twelve trillion dollars in four oh one
- 11:29Speaker 3: K accounts. It's massive, and there will be in just
- 11:34Speaker 3: a couple of years trillions of dollars in Trump accounts
- 11:37Speaker 3: as well.
- 11:38Speaker 2: The volume of it is massive.
- 11:39Speaker 3: And one of the things that's a real accelerant is,
- 11:42Speaker 3: you know, most big employers match four A one K contributions.
- 11:47Speaker 3: If you're an employee, they'll sometimes employers will contribute directly
- 11:50Speaker 3: to four oh one k's. Other times they'll match. If
- 11:53Speaker 3: you make a contribution. I think we are going to
- 11:56Speaker 3: see the same thing with Trump accounts, that this is
- 11:57Speaker 3: going to become a standard, you biquitous employee benefit that
- 12:02Speaker 3: employers will say, we're going to match your contributions or
- 12:07Speaker 3: contribute directly to the Trump accounts that your kids have.
- 12:11Speaker 3: A bunch of big employers have already announced they're doing that. Actually,
- 12:14Speaker 3: Visa had a very clever thing they announced. They said,
- 12:17Speaker 3: you can use your reward points, you can convert them
- 12:20Speaker 3: into money and deposit them in your kid's Trump accounts.
- 12:23Speaker 3: That's an accelerant to help more dollars get in. And
- 12:28Speaker 3: one of the things about compound growth that you know
- 12:31Speaker 3: is the earlier you invest, the bigger it grows. And
- 12:35Speaker 3: that's one of the things that's really powerful is starting.
- 12:39Speaker 3: You know, if someone starts saving at age forty or
- 12:41Speaker 3: fifty or sixty, so far behind, Yeah, they don't have
- 12:45Speaker 3: a long enough time horizon for it to really grow
- 12:48Speaker 3: into big, big numbers. If you start at age zero,
- 12:52Speaker 3: that gives a long time for that growth to compound.
- 12:56Speaker 2: That's really powerful. The second accelerate.
- 12:59Speaker 1: Back the number that you and that fox had there.
- 13:02Speaker 1: If you do the maximum contribution, you have a child
- 13:04Speaker 1: five grand a year, all right, like five grand a year.
- 13:08Speaker 1: You think about that over I mean over twelve years
- 13:11Speaker 1: at sixty thousand dollars.
- 13:12Speaker 4: That you put in.
- 13:13Speaker 1: But if you keep going, and I'm putting that perspective
- 13:16Speaker 1: to realize, like, this is not a crazy amount of money.
- 13:18Speaker 1: If you're disciplined, you're talking about a million, ninety one,
- 13:22Speaker 1: nine hundred dollars by age twenty eight.
- 13:24Speaker 4: That is unbelievable.
- 13:26Speaker 3: Yeah, And look, look, five thousand a year is about
- 13:29Speaker 3: one hundred bucks a week, and so that can come
- 13:31Speaker 3: from a parent, come from another family member. But the
- 13:34Speaker 3: other accelerant that's really powerful is we wrote this so
- 13:38Speaker 3: that it could accept charitable gifts. So, as you know,
- 13:41Speaker 3: Michael and Susan Dell are giving six and a quarter
- 13:45Speaker 3: billion dollars, they're giving two hundred and fifty dollars to
- 13:48Speaker 3: every child under ten who lives in a zip code
- 13:52Speaker 3: where the median income is one hundred and fifty thousand
- 13:54Speaker 3: and less or less. That is a massive contribution. Brad Gershner,
- 13:59Speaker 3: who came up with the idea for the Trump accounts
- 14:01Speaker 3: and who was my partner in getting this done and
- 14:03Speaker 3: we worked hand in hand. Brad has announced he's doing
- 14:06Speaker 3: the same thing for the state of Indiana two hundred
- 14:10Speaker 3: and fifty bucks for every kid under five, but it's
- 14:12Speaker 3: gonna be about two hundred and fifty million dollars that
- 14:14Speaker 3: he's giving, and same thing targeted for kids in zip
- 14:19Speaker 3: codes with the media income as one hundred and fifty
- 14:21Speaker 3: thousand or less. I think you're going to see lots
- 14:23Speaker 3: of people doing charitable contributions. That is really, really powerful,
- 14:28Speaker 3: and it's something President Trump is encouraging. It's something I'm
- 14:32Speaker 3: encouraging every employer to do this. I'm encouraging philanthropists. And
- 14:36Speaker 3: by the way, Michael Dell has said he's not done
- 14:38Speaker 3: at six and a quarter billion. He's talked about giving
- 14:40Speaker 3: a lot more money than that. One of the cool
- 14:43Speaker 3: things about this is it's infinitely scalable. So Michael Dell
- 14:47Speaker 3: has more than one hundred million dollars. If you're thinking
- 14:51Speaker 3: about where to give your money away in philanthropy, there
- 14:54Speaker 3: are not a lot of charities that can take amounts
- 14:55Speaker 3: that big. This is infinitely scalable, and so it it
- 15:00Speaker 3: has a potential really to accelerate the wealth creation for
- 15:05Speaker 3: kids center.
- 15:07Speaker 1: You know, it's amazing to see that these incredibly wealthy
- 15:10Speaker 1: individuals doing this amazing work with philanthropy giving money to
- 15:16Speaker 1: these accounts for kids. It's going to change lives. They're
- 15:19Speaker 1: going to be amazing stories that come out of this.
- 15:21Speaker 1: But it's not just the super uber multi billionaires that
- 15:26Speaker 1: are getting involved and inspiring. Nicki Minaj is a great
- 15:30Speaker 1: example of that.
- 15:31Speaker 4: She was there.
- 15:31Speaker 1: She loves the present and not only is she a
- 15:34Speaker 1: powerful voice by giving, but really by letting younger people
- 15:37Speaker 1: pay attention to the advocacy for Hey, it's never too
- 15:41Speaker 1: early to start investing.
- 15:43Speaker 3: Yeah, and look on the philanthropy side, you know, if
- 15:46Speaker 3: you don't have billions of dollars like Michael Dell does
- 15:48Speaker 3: to give away, you know, Nicki Minaj was there. She
- 15:51Speaker 3: was at the event with the President. She's announced she's
- 15:53Speaker 3: going to give between one hundred and fifty thousand and
- 15:55Speaker 3: three hundred thousand dollars to the Trump accounts of her
- 15:59Speaker 3: fans to their their kids. And you know, she's obviously
- 16:02Speaker 3: a big rap star. Is funny Trump Trump asked her
- 16:05Speaker 3: come on up on the stage, come join me, and
- 16:07Speaker 3: and and and she spoke to everyone and and and
- 16:09Speaker 3: then then it was funny. He he actually kind of
- 16:11Speaker 3: dissed Scott bess In the Treasury secretary, uh.
- 16:14Speaker 2: Who's a great guy and doing a phenomenal job.
- 16:16Speaker 3: But but but Trump says, you know, Nicki minaj is
- 16:18Speaker 3: better to listen to than Scott Besson, which which got
- 16:20Speaker 3: got a pretty big laugh. And I told I told
- 16:23Speaker 3: Scott backstage. I said, Okay, tell me, Scott, did you
- 16:26Speaker 3: have on your bucket list being compared to Nicki Minaje
- 16:30Speaker 3: and by the way, disfavorably compared to Nicki minaj And
- 16:33Speaker 3: he just laughed and said, no, I did not predict
- 16:36Speaker 3: that one, and and and so. But but it shows
- 16:40Speaker 3: the breadth of appeal. And by the way, the philanthropy
- 16:44Speaker 3: can really get turbo charged if lots of people are
- 16:47Speaker 3: giving smaller amounts whatever is in their means and in
- 16:50Speaker 3: their communities.
- 16:52Speaker 5: Uh.
- 16:52Speaker 3: You know Ray Dalio, who who runs a big hedge fund, uh,
- 16:55Speaker 3: decided to give to the kids of the state of Connecticut.
- 16:58Speaker 3: And and people can do it and smaller they can give it,
- 17:01Speaker 3: give it to their city or their neighborhood. But it's
- 17:04Speaker 3: able to be targeted. That philanthropy is really going to
- 17:06Speaker 3: accelerate it. But I'll tell you what makes me the
- 17:09Speaker 3: most excited about this it is the long term change
- 17:14Speaker 3: it's going to have for our country because we are
- 17:16Speaker 3: literally creating an entire new generation of capitalists.
- 17:20Speaker 2: This is what got me excited about this idea.
- 17:24Speaker 3: You know, there had been ideas like Corey Booker, a Democrat,
- 17:29Speaker 3: had proposed previously baby bonds, basically putting money in a
- 17:34Speaker 3: savings account for kids, and and look, that has some value,
- 17:38Speaker 3: but it's not nearly as exciting as this because what
- 17:41Speaker 3: really makes this potent is that this money is invested
- 17:43Speaker 3: in the stock market and the impact of that is
- 17:48Speaker 3: that every kid in America is going to be an
- 17:52Speaker 3: owner of the largest employers in America. And when you're
- 17:55Speaker 3: an owner, it changes your whole perspective. Look, we've all
- 17:59Speaker 3: seen the lousy statistics about young people who say they're
- 18:04Speaker 3: they're they're losing faith in capitalism, they don't believe in capitalism,
- 18:07Speaker 3: they think socialism might be a better idea. Yeah, you know,
- 18:11Speaker 3: the effect of this and in you know, ten years,
- 18:15Speaker 3: a kid's gonna pull out his cell phone and look
- 18:17Speaker 3: at his Trump account. You're gonna have an app and
- 18:19Speaker 3: it's gonna break down not just what's in your Trump account,
- 18:22Speaker 3: but all of the five hundred companies that are part
- 18:24Speaker 3: of the S and P. Five hundred, and that kid's
- 18:27Speaker 3: gonna see, gosh, I own one hundred bucks of Apple
- 18:29Speaker 3: or seventy five bucks of Boeing or McDonald's, and that
- 18:34Speaker 3: kid now has a stake in in the economy, in
- 18:38Speaker 3: those companies, in their employers, in seeing economic growth. So
- 18:42Speaker 3: instead of being you know, an angry teenager going all
- 18:45Speaker 3: corporations are evil, which which unfortunately some of these knuckleheads
- 18:50Speaker 3: hear that propaganda from the college professors, they're gonna be like, no, no, no,
- 18:53Speaker 3: I want these companies to do better because when they
- 18:56Speaker 3: do better, I do better. And that that is fundamentally
- 19:02Speaker 3: on ownership society. And I'll tell you, Ben, this is
- 19:06Speaker 3: actually the culmination of what I set out to do
- 19:10Speaker 3: when I got elected to the said dream.
- 19:12Speaker 4: I mean, this was your dream that's now reality.
- 19:15Speaker 3: So when I was first elected, the very first op
- 19:18Speaker 3: ed I ever wrote in the Senate in January of
- 19:20Speaker 3: twenty twenty three, not twenty twenty, in January of twenty thirteen,
- 19:25Speaker 3: was called the Rise of Opportunity Conservatism. And what it
- 19:29Speaker 3: said is is that every policy, every economic policy we
- 19:34Speaker 3: look at, should focus on easing the means of a
- 19:37Speaker 3: cent up. The economic latter focus on opportunity. And the
- 19:42Speaker 3: basic philosophical difference between the left and right on economic
- 19:45Speaker 3: policy is they both look at the socioeconomic ladder. The
- 19:49Speaker 3: left seize people on the bottom and they want to
- 19:51Speaker 3: physically grab them and move them off. And look, that's
- 19:54Speaker 3: a noble instinct. It just doesn't work. It's a train rink.
- 20:00Speaker 3: And look, think about it in simple terms. Let's say
- 20:04Speaker 3: you have a five year old daughter who is struggling
- 20:07Speaker 3: with her math homework. None of us, as a parent
- 20:10Speaker 3: would do the homework for that kid. That's not helping
- 20:12Speaker 3: your child to do her homework for her. What you
- 20:15Speaker 3: want to do is teach her and help her master
- 20:18Speaker 3: the skills. And the only way as anyone has ever
- 20:20Speaker 3: climbed the economic ladder, and this is what conservatives and
- 20:23Speaker 3: free market conservatives get is to pull yourself up one
- 20:27Speaker 3: wrong after the other. But they're economic policies that can
- 20:31Speaker 3: accelerate that assent. And actually, the two policies that I
- 20:35Speaker 3: talked about the most in that very first op ed
- 20:37Speaker 3: as a senator I wrote were number one school choice
- 20:41Speaker 3: and number two so security, personal counts, the ability to
- 20:44Speaker 3: accumulate assets in the stock market. And what is amazing
- 20:49Speaker 3: is we accomplished both of those last year, and it
- 20:52Speaker 3: is transformations. And so I think economic policy should focus
- 20:56Speaker 3: on ownership and savings and investment, and and that's exactly
- 21:01Speaker 3: what we've done. That impact in terms of just changing
- 21:05Speaker 3: the philosophy of kids. By the way, financial literacy is
- 21:08Speaker 3: another issue. Look, a lot of kids don't know basic
- 21:12Speaker 3: financial literacy, a lot of schools don't teach it. You'll
- 21:15Speaker 3: now have a vehicle where you won't be discussing it
- 21:18Speaker 3: in the abstract, where a teacher in third grade will
- 21:21Speaker 3: be able to tell the kids, you know, okay, look
- 21:23Speaker 3: at your Trump account, look at the growth, and how
- 21:26Speaker 3: much do the numbers change if you invest early. And
- 21:31Speaker 3: I think you're going to see kids saying, you know,
- 21:35Speaker 3: Aunt Susie, instead of getting me, you know, this toy
- 21:39Speaker 3: for Christmas. You know, maybe you could give me fifty
- 21:42Speaker 3: bucks or a hundred bucks in my Trump account. And
- 21:44Speaker 3: not every kid'll say that, but some when they see
- 21:47Speaker 3: the math and the power of wow, if we invest,
- 21:50Speaker 3: this can grow and expand. Getting children to think like
- 21:54Speaker 3: investors and to think like owners changes their whole world view.
- 21:58Speaker 1: I started my kids young on that and I told
- 22:01Speaker 1: them that I made the same deal with them that
- 22:03Speaker 1: my dad made with me. Whatever your first car you
- 22:05Speaker 1: want to be, I will match what you save. If
- 22:08Speaker 1: you save one thousand bucks, you're gonna get a hooptie
- 22:10Speaker 1: for two thousand.
- 22:11Speaker 4: Like that's just it's on you, and I'm going to
- 22:14Speaker 4: do it.
- 22:14Speaker 1: But my kids now, even at a young age of
- 22:16Speaker 1: six and nine, they're now making different decisions.
- 22:19Speaker 4: Like my son has invested some.
- 22:20Speaker 1: Of his money in Ford and Lockheed Martin, and every
- 22:23Speaker 1: day he asked me, how did my stock do today?
- 22:26Speaker 4: Are we up or down?
- 22:27Speaker 1: And so he's learning from that because now he understands
- 22:31Speaker 1: where he'll go to the store and he won't buy something. Hey, dad,
- 22:33Speaker 1: can you buy more stock for me? Can you put
- 22:36Speaker 1: more money in this? And we look at companies and
- 22:39Speaker 1: we decide what he wants to invest in. He invested
- 22:42Speaker 1: in a golf company, for example, that's on the SMP
- 22:44Speaker 1: because he understands golf being a golf and he's like,
- 22:47Speaker 1: how's my stock doing today? Even my six year olds
- 22:49Speaker 1: now they this is their birthday's coming up on the thirteenth,
- 22:53Speaker 1: and you can either at school get a birthday's shirt
- 22:55Speaker 1: and something else, and they both ask or can we
- 22:58Speaker 1: have the money years old? That's the connection. And I'm
- 23:01Speaker 1: grinning from here to hear because like you're saying, I
- 23:04Speaker 1: don't care about the birthday T shirt at school that day.
- 23:07Speaker 1: Can I have the thirty dollars to then invest? This
- 23:11Speaker 1: is exactly what the Trump accounts are going to do
- 23:13Speaker 1: to so many young kids.
- 23:14Speaker 4: It makes an idea a reality.
- 23:16Speaker 3: Look, there are life habits. If you look at kids
- 23:19Speaker 3: that learn delayed gratification. You know, there's a famous social
- 23:23Speaker 3: science experiment where kids had a plate with a marshmallow
- 23:28Speaker 3: on it and they were told, if you don't eat
- 23:30Speaker 3: the marshmallow, now you'll get two marshmallows. And the difference
- 23:34Speaker 3: between the kids who could actually refrain. Some kids would
- 23:36Speaker 3: just grab the one marshmallow and stick with it, but
- 23:38Speaker 3: others could delay their gratification, and it is a much
- 23:41Speaker 3: more successful long term strategy a kid learning. You know,
- 23:45Speaker 3: there's a related principle which is a portion of what
- 23:48Speaker 3: you make is yours to keep. And look, a lot
- 23:52Speaker 3: of people are stretched, but getting into the discipline of
- 23:55Speaker 3: no matter what you're making, saving a portion of it,
- 23:58Speaker 3: investing a portion of it. It is how you accumulate
- 24:01Speaker 3: real wealth and teaching kids that from an early age
- 24:05Speaker 3: makes a big difference. Now, this is the public service
- 24:08Speaker 3: announcement component of the podcast. Everyone who is listening or watching,
- 24:12Speaker 3: if you have kids, there's a website you need to
- 24:15Speaker 3: go to. It's Trump Accounts dot gov. Trump Accounts dot gov.
- 24:18Speaker 3: Go to the website and sign your kids up. I mean,
- 24:20Speaker 3: I mean we're expecting uh, you know. I this is
- 24:24Speaker 3: designed for every kid in America. And and so if
- 24:28Speaker 3: you got if you got kids, go to Trump Accounts
- 24:30Speaker 3: dot gov and sign them up. Uh, so so that
- 24:33Speaker 3: their accounts can be opened as well.
- 24:35Speaker 1: Yeah, it's awesome Trump Accounts dot gov and will remind
- 24:38Speaker 1: people of that, I'm sure throughout this show in the
- 24:41Speaker 1: in the future as well. But again, Trump Accounts dot gov. Uh,
- 24:45Speaker 1: and get in the game early. You'll regret it if
- 24:46Speaker 1: you don't. That's the bottom line here. It's really incredible.
- 24:49Speaker 1: It's exciting. Congratulations.
- 24:51Speaker 5: Uh.
- 24:51Speaker 1: It's fun to see something like this that also is
- 24:54Speaker 1: Byparson just become a reality and there and that was
- 24:58Speaker 1: I think one of the fun things about watching this
- 25:00Speaker 1: take place. It was just enjoyable to watch the president
- 25:03Speaker 1: have a success that is going to help so many
- 25:06Speaker 1: kids in this country. Yeah, and I would even argue
- 25:09Speaker 1: it's going to help disproportionately poor kids more than kids
- 25:13Speaker 1: that are wealthier.
- 25:14Speaker 4: I'm okay with that. Get them in the game.
- 25:16Speaker 2: That's the whole point. That's what makes it transformational.
- 25:20Speaker 1: Right now, somewhere in the world, a kid you've never
- 25:23Speaker 1: met is writing you a letter. They're telling you about
- 25:26Speaker 1: their day, their dreams, the goal they scored, the tests
- 25:31Speaker 1: they passed, the new friend they made at school. Maybe
- 25:34Speaker 1: they're drawing you even a picture. Maybe they've asked you
- 25:37Speaker 1: about your family, your favorite color, what makes you laugh.
- 25:41Speaker 1: They're wondering who you are, this person who cares enough
- 25:44Speaker 1: to be part of their story, and you, you're not
- 25:47Speaker 1: just sending money. You're writing back. You're showing up month
- 25:51Speaker 1: after month, letter after letter. You're celebrating their victories, encouraging
- 25:57Speaker 1: them through challenges, and reminding them that they truly matter. Now,
- 26:01Speaker 1: this isn't a transaction, It's an incredible relationship that spans
- 26:05Speaker 1: continence and changes everything for both of you. That is
- 26:09Speaker 1: where Compassion International connects you directly with one child, real letters,
- 26:15Speaker 1: real relationships, and real change. Because poverty isn't solved with
- 26:20Speaker 1: donations alone. It's solved by showing up impact the world,
- 26:25Speaker 1: one child at a time and learn how at Compassion
- 26:29Speaker 1: dot com. That's Compassion dot com. All right, Senatra, I
- 26:34Speaker 1: want to get into this other story, that is the
- 26:37Speaker 1: media and the bias of the media and the narrative
- 26:40Speaker 1: they've been pushing in Minnesota, specifically with this ICU nurse.
- 26:47Speaker 4: They turn him into a do gooder.
- 26:49Speaker 1: We then get a video that comes out showing him
- 26:51Speaker 1: attacking ICE agents days before the fatal confrontation with Ice,
- 26:57Speaker 1: and that part seems to be just disappearing for the
- 27:00Speaker 1: media's coverage.
- 27:02Speaker 3: Well, yeah, look, we have seen with with the protests
- 27:05Speaker 3: and the riots that are unfolding in Minneapolis, we have
- 27:08Speaker 3: seen the corporate media just turn into shameless propagandists, and
- 27:12Speaker 3: they have a narrative and that narrative is disconnected from
- 27:16Speaker 3: facts and reality, and they're trying to mislead people.
- 27:19Speaker 2: And and so we've seen that.
- 27:21Speaker 3: We've seen that with the headlines everywhere saying ICE arrested
- 27:24Speaker 3: a five year old boy, and and you know, people
- 27:26Speaker 3: read that and like, Okay, that's crazy, why are you
- 27:28Speaker 3: arresting a five year old?
- 27:29Speaker 2: Well it turns out they didn't. It's false. It was
- 27:31Speaker 2: a lie.
- 27:33Speaker 3: What actually happened is they were there arresting his father,
- 27:36Speaker 3: who was an illegal immigrant, and the father ran away
- 27:39Speaker 3: and abandoned the five year old, and so the five
- 27:41Speaker 3: year old is left alone in the cold on the
- 27:43Speaker 3: streets of Minneapolis. Of course, Ice didn't just leave the
- 27:47Speaker 3: kid there to wander outside. That they had to take
- 27:50Speaker 3: care of him. And in fact, they tried to return
- 27:51Speaker 3: him to his mother. His mother said no, wouldn't let
- 27:53Speaker 3: him in the house. And so that that's an example. Look,
- 27:57Speaker 3: another example the the man who was shot in Minneapolis.
- 28:03Speaker 3: Mister pretty you're right. The media portrayed him as this
- 28:07Speaker 3: this peaceful protester, this this ICU nurse, and and just
- 28:11Speaker 3: you saw Democrats saying that that Ice are cold blooded murderers.
- 28:16Speaker 3: And that's a flat out lie, and it's a slander,
- 28:19Speaker 3: and and it is.
- 28:20Speaker 4: Something you couldn't have.
- 28:21Speaker 1: One of your colleagues put up a AI picture on
- 28:25Speaker 1: the floor of the Senate for goodness sakes, that was
- 28:27Speaker 1: not a real picture.
- 28:29Speaker 3: Look, it is designed to be manipulative and dishonest. And
- 28:33Speaker 3: then a couple of days after the shooting, we had
- 28:36Speaker 3: a video that act the BBC put out that they
- 28:38Speaker 3: had they had gotten the mister Pretty a couple of
- 28:41Speaker 3: weeks earlier. And let's look at the video. For those
- 28:43Speaker 3: who are watching this online, let's look at the video
- 28:46Speaker 3: real quickly.
- 28:47Speaker 1: Yeah, and by the way, for those listening right now
- 28:49Speaker 1: on the radio, we'll put this up on social media.
- 28:52Speaker 1: But this shows the man spitting in the face of
- 28:54Speaker 1: ICE agents, kicking the tail outut of their car in
- 28:58Speaker 1: a full on confrontation. Take listen and watch if you're
- 29:01Speaker 1: watching online.
- 29:02Speaker 8: This is a moment the News Movement filmed on January
- 29:05Speaker 8: thirteenth in Minneapolis, showing a man who appears to be
- 29:08Speaker 8: Alex Pretty interacting with federal immigration agents eleven days before
- 29:12Speaker 8: border patrol shot and killed him. Our footage was analyzed
- 29:16Speaker 8: by the BBC, whose facial recognition technology confirmed his identity
- 29:21Speaker 8: to a ninety seven percent degree of accuracy.
- 29:24Speaker 1: Now, the video goes longer than that, and you can
- 29:26Speaker 1: watch it online. But I think the point that so
- 29:29Speaker 1: many people to understand is they were talking about the
- 29:31Speaker 1: accuracy of this video and hey, it's almost almost positive.
- 29:34Speaker 1: Tim Well, the family is now confirmed that this is
- 29:38Speaker 1: actually him doing this, kicking out the tailight, screaming f
- 29:41Speaker 1: you at the ICE agent, spitting at the ICE agents, Like,
- 29:44Speaker 1: this is a man that wanted a confrontation with law enforcement.
- 29:48Speaker 1: He was there for that reason that day and in
- 29:50Speaker 1: the day that unfortunately cost him his life.
- 29:53Speaker 3: Well, that's right, and this was not peaceful protest. In
- 29:58Speaker 3: the video, as you said, he was spitting at ICE agents,
- 30:02Speaker 3: but he also is repeatedly kicking the tail and he
- 30:05Speaker 3: kicks the tailblight out of an suv. I mean, it's
- 30:07Speaker 3: a hard kick that he like knocks it out, and
- 30:09Speaker 3: and that was clearly a violent assault. By the way,
- 30:13Speaker 3: he has his gun strapped on his waistban while he
- 30:16Speaker 3: is attacking law enforcement officers, and the media wanted to
- 30:20Speaker 3: convey it as just you know, he's this peaceful soul. Listen,
- 30:23Speaker 3: if you engage in acts of violence directed at law enforcement,
- 30:29Speaker 3: there is a very real risk that the response to
- 30:31Speaker 3: an act of violence will be the use of force,
- 30:33Speaker 3: and in some instances can be the use of deadly force.
- 30:37Speaker 3: At any time an American has killed in an interaction
- 30:40Speaker 3: with law enforcement, it is tragic, But the media was
- 30:44Speaker 3: being deliberately deceptive in falsely portraying him as this peaceful protester,
- 30:52Speaker 3: almost like a nun holding a candle by the side
- 30:54Speaker 3: of the road, and that's not he was clearly uncaptured
- 30:59Speaker 3: on video. You engaged in in in violent attacks on
- 31:03Speaker 3: law enforcement. And then in terms of propaganda, I got
- 31:06Speaker 3: to say, MSNBC went even further. And rather than me
- 31:09Speaker 3: tell you what happened, listen to Joe Rogan, because Joe
- 31:11Speaker 3: Rogan comments on just how shameful, shamelessly MSNBC was was
- 31:18Speaker 3: acting as a political propaganda.
- 31:20Speaker 1: Yeah, it was wanting you to root for this nurse,
- 31:23Speaker 1: like wanted to change who he was so that everyone
- 31:25Speaker 1: would root for him. Here it is Joe Rogan and
- 31:27Speaker 1: and Joe Rogan also talking about his own experience. Uh
- 31:30Speaker 1: when when he was attacked by the media. Uh, and
- 31:34Speaker 1: they changed the color of his skin during COVID.
- 31:36Speaker 6: Did you see what the MSNBC did to his image? Yeah,
- 31:39Speaker 6: they were, they were they He did into the opposite
- 31:41Speaker 6: of what CNN did to me. You know, CNN during
- 31:44Speaker 6: the COVID times turned me green and they made me
- 31:47Speaker 6: ugly and look like I was dying, and they made
- 31:49Speaker 6: him handsome. Yeah, so people would be more sympathetic to
- 31:52Speaker 6: him getting shot, which is kind of wild, Like, are
- 31:55Speaker 6: ugly people less valuable to MSNBC? Less marketable? That is
- 32:01Speaker 6: crazy to me, Like, look at the difference. Look at
- 32:04Speaker 6: the difference. They shortened up his face. They gave him
- 32:07Speaker 6: a little bit of a tan, They widened his face
- 32:10Speaker 6: a little bit. It seems like they just made him
- 32:12Speaker 6: a little handsomer.
- 32:13Speaker 2: Yeah, a little hot.
- 32:14Speaker 6: They gave him, gave him a bit of that chad jaw,
- 32:16Speaker 6: didn't they. They shrunk his nose a little too, didn't they.
- 32:19Speaker 2: They did.
- 32:19Speaker 6: They shrunk his nose, gave him a little bit of
- 32:21Speaker 6: a handsome jaw. So he looks like and if you
- 32:25Speaker 6: look at the shoulders, it even looks like they may
- 32:27Speaker 6: have plumped up the shoulders there a bit, a little bit. Yeah.
- 32:30Speaker 6: The one on the right looks like, looks like he's
- 32:32Speaker 6: a little plumper. Yeah, yeah, yeah. They changed the tone
- 32:36Speaker 6: of the color wild, I mean they look they changed
- 32:41Speaker 6: his teeth.
- 32:41Speaker 4: Man Communist News.
- 32:42Speaker 6: Nope, they gave him in ears. Look look at the
- 32:44Speaker 6: difference in his teeth. He's a much more handsome guy.
- 32:48Speaker 6: Like that one on the right is like the handsome brother.
- 32:51Speaker 4: I mean, Senay, you want to talk about just straight
- 32:53Speaker 4: up propaganda. This dude.
- 32:55Speaker 1: They literally made him jacked. They gave him muscles, They
- 32:58Speaker 1: changed the color of his scrubs from the picture. They
- 33:00Speaker 1: gave him the neers. They even made his beard look
- 33:03Speaker 1: a little bit darker and more full, change his nose,
- 33:06Speaker 1: Like it was like you went to AI and you said, hey,
- 33:09Speaker 1: make this guy the most attractive you can, and then
- 33:12Speaker 1: we're gonna put that up on the on TV so
- 33:15Speaker 1: that somehow people will be rooting for him a little
- 33:17Speaker 1: bit more.
- 33:17Speaker 4: It's it's truly.
- 33:19Speaker 1: Amazing that MSNBC did this, and they haven't actually technically
- 33:22Speaker 1: apologized for it yet. They've put his statement out there,
- 33:24Speaker 1: but that's about it.
- 33:26Speaker 3: Yeah, understand, there is zero dispute that MSNBC did this.
- 33:29Speaker 3: In fact, MSNBC put out a statement they said editor's note,
- 33:34Speaker 3: ms now swapped out the original thumbnail thumbnail image for
- 33:38Speaker 3: this video. The previous thumbnail image was an AI enhanced
- 33:42Speaker 3: image of Alex Predding, So they've acknowledged they used AI
- 33:46Speaker 3: to significantly change his appearance and to make him markedly
- 33:49Speaker 3: better looking and look I looked online. As far as
- 33:54Speaker 3: I can tell, MSNBC has not apologized. Nobody has been fired.
- 33:58Speaker 3: If they are in fact a news or organization, they
- 34:00Speaker 3: pretend they.
- 34:01Speaker 4: Are fire somebody immediately.
- 34:02Speaker 3: Their job is to report the news, and report facts.
- 34:05Speaker 3: Not only were they not reporting facts, they were lying
- 34:08Speaker 3: to their viewers. They were creating a fabricated and false
- 34:12Speaker 3: image to change the facts to fit their political narrative.
- 34:17Speaker 3: And any journalistic outfit with any integrity would fire whoever
- 34:22Speaker 3: was responsible, would go on air and apologize and say
- 34:26Speaker 3: we violated our integrity. The fact that MSNBC doesn't think
- 34:30Speaker 3: they need to shows just how much the corporate media
- 34:33Speaker 3: they are political liars. They are not even attempting or
- 34:37Speaker 3: pretending to be journalists.
- 34:39Speaker 4: Yeah, no doubt about it. Don't forget. We did this
- 34:41Speaker 4: show three days a week.
- 34:42Speaker 1: So make sure you down with Vertic with Tech crews
- 34:44Speaker 1: wherever you get your podcasts, and we'll see you back
- 34:47Speaker 1: here on this radio station as well next week.
- 34:49Speaker 4: Have a great one, to be safe.