The Charlie Kirk Show - "MAGA Accounts" — The Best New Idea of Trump 2.0?

00:00:00.000 Hey everybody, Charlie Kirk here, live from the Bitcoin.com studio.

00:00:04.000 An action-packed episode here.

00:00:06.000 We have Senator Rand Paul talking about the Middle East and foreign aid.

00:00:10.000 And then a phenomenal idea.

00:00:11.000 You have to listen to this very carefully.

00:00:13.000 What if I told you every new baby in America will get a $1,000 tax-free investment account to their name?

00:00:19.000 Is it a good idea, a bad idea?

00:00:21.000 Listen to it carefully.

00:00:22.000 Brad Gerstner, the brainchild behind all this, joins the program and I want to hear from you.

00:00:27.000 On the Charlie Kirk Show.

00:00:28.000 Email us, as always, freedom at charliekirk.com.

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00:00:41.000 Buckle up, everybody.

00:00:41.000 Here we go.

00:00:42.000 Charlie, what you've done is incredible here.

00:00:44.000 Maybe Charlie Kirk is on the college campus.

00:00:46.000 I want you to know we are lucky to have Charlie Kirk.

00:00:49.000 Charlie Kirk's running the White House, folks.

00:00:52.000 I want to thank Charlie.

00:00:54.000 He's an incredible guy.

00:00:55.000 His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:01:03.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

00:01:12.000 That's why we are here.

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00:01:40.000 Right out of the gate here, we have a...

00:01:42.000 Wonderful fighter for liberty.

00:01:44.000 Someone who I really respect.

00:01:45.000 I've known for quite a while.

00:01:47.000 Senator Rand Paul from the great state of Kentucky.

00:01:49.000 Senator, great to see you.

00:01:51.000 Thank you for taking the time.

00:01:52.000 The breaking news today is that President Donald Trump is in Saudi Arabia announcing a closer partnership with many Gulf states.

00:02:00.000 Something I know that you and I both care about is trying to prevent a war with Iran.

00:02:04.000 It seems as if some of the neocons in D.C. have been talking about more and more military engagement in Yemen and against Iran.

00:02:11.000 How do you think we should balance an alliance with some Gulf states all the while trying to prevent another no-win endless war in the Middle East?

00:02:20.000 You know, I commend the president for going to the Middle East.

00:02:22.000 Some of the Democrats are up in arms, you know, criticizing it.

00:02:26.000 But part of diplomacy is showing up, being in the areas, talking to the leaders, and then ultimately trying to, you know, resolve differences with diplomacy rather than war.

00:02:37.000 I do think that the wars in the Middle East and the tension in the Middle East, sometimes we don't pay enough attention to the conflict that is between Iran and Saudi Arabia and the Gulf states.

00:02:46.000 So there's a considerable amount of tension, and it goes into the thinking of Iran as well, not just their animosity or relationship with the U.S., but also their relationship.

00:02:57.000 With Israel, which is pretty obvious, but then also their relationship with the Gulf states as well.

00:03:02.000 And ultimately, to get to some sort of peace agreement with Iran, I'm proud of President Trump for actually opening dialogue and discussion, but to get to peace, ultimately it has to, I think, sort of include some of the Gulf states as well, including Saudi Arabia.

00:03:18.000 So Saudi Arabia could be a more constructive player here, and hopefully that's part of the discussions.

00:03:25.000 Yeah, and so let's broaden this a little bit more.

00:03:28.000 There are some in D.C. that seem so insistent on trying to escalate military tensions with Iran.

00:03:36.000 You are, without a doubt, one of the most morally clear and principled members of the Republican conference against war and actually want to see us invest money in our own country and to defend liberty.

00:03:49.000 What is the status of this?

00:03:50.000 It seems like there has been an increase in the amount of chatter about Potential military strikes against Iran.

00:03:57.000 Let me ask it this way.

00:03:59.000 Why would an American military strike against Iran be a bad idea?

00:04:03.000 Some people in our audience who I really respect say, Charlie, they can't have a nuclear weapon.

00:04:07.000 It's just military strikes.

00:04:09.000 It's just airstrikes against an airfield.

00:04:12.000 I think nobody wants them, including myself, to have nuclear weapons.

00:04:18.000 Strictly from a military point of view of how we prevent that, once they get to enrichment of, say, 95% to 98%, you can probably have a cupful of uranium that is enriched that much, and that can be enough for a bomb.

00:04:31.000 So once you have about 10 cupfuls, you've got enough for 10 bombs, and can that be hidden in places that you can't militarily get to without a ground invasion and taking over every inch of Iran? 0.88

00:04:41.000 Probably it will be difficult.

00:04:43.000 So ultimately the discussion about trying to get an agreement is one that is going to be necessary.

00:04:51.000 I think you, you can't really bomb them out of the nuclear age.

00:04:53.000 You have to sort of have a negotiation.

00:04:56.000 We have a great deal of leverage.

00:04:58.000 They, they have an economy that hurts.

00:05:01.000 They have an economy that doesn't do very well.

00:05:03.000 Their people aren't necessarily that happy.

00:05:05.000 But I think we should use our sanctions in a way we rarely do, and that is to trade them, trade sanction relief and trade and the benefits that come up with that, allowing them to participate in the world market in exchange for them not enriching.

00:05:17.000 And there have been discussions of them not enriching or anything they've enriched above a certain amount, trading that out and not enriching above a certain percentage.

00:05:28.000 And I think that's something we ought to explore.

00:05:30.000 I think Trump is exploring it.

00:05:31.000 And I'm excited, at least optimistic, that these discussions are ongoing.

00:05:37.000 So the one big, beautiful bill is working its way through Congress.

00:05:41.000 I would like to see a lot more spending cuts.

00:05:44.000 I wish that we would have a much more serious intent on trying to trim the federal deficit and, of course, eventually the federal debt, the national debt.

00:05:53.000 What is your take on the early drafts of this big, beautiful bill?

00:05:56.000 I'm sure there are some things that you would support.

00:05:59.000 And are you thinking of voting for it?

00:06:03.000 Where are you standing on this reconciliation bill?

00:06:06.000 So in 2017, I voted for the Trump tax cuts and they became the Republican tax cuts.

00:06:11.000 And this was done through reconciliation.

00:06:14.000 I was all in.

00:06:15.000 I think they did a great job.

00:06:16.000 I think they created that economy that Trump was always bragging about with the lowest historic unemployment before we got into the pandemic.

00:06:23.000 I'm still for all of that, and I'm for making it permanent.

00:06:26.000 That's one big aspect of the bill.

00:06:28.000 The second aspect is spending cuts.

00:06:30.000 I'm always for more rather than less.

00:06:32.000 I think they'll end up being wimpy, but I would still support the bill, even with wimpy spending cuts and permanent tax cuts, if we weren't going to increase the debt ceiling by $5 trillion.

00:06:43.000 And the reason why the debt ceiling is so important to me and used to be important to most conservatives...

00:06:49.000 Is that the debt ceiling is adding everything up and gives you a simple number that represents really what's going to happen.

00:06:55.000 So when they tell you they're going to cut $800 billion or $1.5 trillion, the numbers are confusing and you don't know exactly what that means.

00:07:02.000 What does it add up to?

00:07:04.000 What I can tell you for certain is that if you raise the debt ceiling $5 trillion, you're going to raise the debt $5 trillion.

00:07:11.000 $5 trillion over two years is just something I can't support.

00:07:14.000 So come September 30th...

00:07:16.000 There will be a deficit of $2.2 trillion.

00:07:19.000 We will spend $2.2 trillion, or Congress will, more than comes in.

00:07:23.000 And you say, well, whose responsibility is that?

00:07:25.000 Well, the first half of the year was Biden and the Republicans who supported the Biden levels.

00:07:30.000 But then we got to March and almost every Republican, myself and a few others opposed this, almost every Republican voted for the Biden spending levels in March.

00:07:38.000 That's what we're living under now.

00:07:40.000 So it's no longer any blame on the deficit on Biden, all the blames on Republicans, not just the president.

00:07:46.000 Every Republican who voted for the March spending levels is responsible now for a $2.2 trillion deficit this year, in one year.

00:07:54.000 Historic.

00:07:54.000 But what's going to be even more historic is voting on a raise of the debt ceiling $5 trillion.

00:08:00.000 So that means they're anticipating another $2.8 trillion in the following year.

00:08:05.000 So I raise my hands and I shake my head and I say, well, what happened to Doge?

00:08:09.000 What happened to all these great things Elon Musk was doing?

00:08:12.000 What happened to we were going to balance the budget?

00:08:15.000 Why are we raising the deficit $5 trillion?

00:08:18.000 So what I've offered is what I think a reasonable compromise.

00:08:21.000 And so far, I'm about the only person who believes that it's a good compromise.

00:08:25.000 But I offered, let's give them three months.

00:08:28.000 Let's give them three months of debt ceiling, which is $500 billion, which is an extraordinary amount.

00:08:32.000 We used to never borrow that in one year.

00:08:34.000 Give them $500 billion.

00:08:35.000 It'll last three months.

00:08:37.000 And then at the three months, we have a meeting.

00:08:39.000 We come together and say, well, what have you done on spending?

00:08:42.000 What are the spending levels?

00:08:43.000 You promised us these spending levels.

00:08:45.000 Now you're giving us these spending levels.

00:08:47.000 Maybe we have a debate whether we're going to vote for any more debt ceiling.

00:08:51.000 So I think the debt ceiling vote could be a lever.

00:08:53.000 So instead of voiding the debt ceiling and let it go two years and just ignore the debt as it accumulates, let it go three months and come back and let's have this debate every three months.

00:09:02.000 Are they doing their job?

00:09:04.000 Are they cutting spending?

00:09:05.000 The doge cuts have to come back to us.

00:09:08.000 And so about three or four weeks ago, we got a promise from the administration for $9 billion.

00:09:15.000 Well, $9 billion is a lot to you and I, but to the government, it's a rounding error.

00:09:20.000 So the deficit this year is going to be $2.2 trillion.

00:09:23.000 If you cut it $9 billion, it's going to be $2.191 billion.

00:09:28.000 It's a rounding error, and yet it still hasn't come to us because I think they're worried that there are too many weak-kneed Republicans that we can't even cut $9 billion.

00:09:37.000 This is the $9 billion that was like sex chain surgeries in Guatemala, trans comic book in Peru, trans opera in Colombia.

00:09:45.000 This is the low-hanging fruit.

00:09:47.000 If Congress can't vote this...

00:09:49.000 You need to get rid of the people who vote against this.

00:09:52.000 So we should force the vote, but it has to come from the president.

00:09:56.000 $9 billion.

00:09:57.000 It's not enough, but I'll vote for it, and let's see who won't.

00:10:00.000 And the people who won't really either know to go to the Democrat Party or be reelected by real Republicans, because if we can't cut $9 billion, the future of the republic is hopeless.

00:10:11.000 We are going to be devoured by debt if we can't even cut $9 billion.

00:10:16.000 I want to just compliment you and encourage you to get your colleagues serious about cutting spending.

00:10:22.000 Simultaneously, I hope that when the chips are down, if we can get a good deal, not a wonderful deal, that you'll consider voting for.

00:10:30.000 But right now, we need to get back to penny plan.

00:10:32.000 We've got to get to pre-COVID baseline spending because we are a nation on the verge of a fiscal and financial apocalypse.

00:10:39.000 And you've been principled about this since the very start of you in politics.

00:10:43.000 And final thoughts, 45 seconds, Senator.

00:10:46.000 Well, I've said I will vote for the bill if they remove the debt ceiling from it.

00:10:50.000 So I'll take imperfect spending cuts.

00:10:52.000 I'll take an imperfect tax bill.

00:10:54.000 I'm not asking for perfection.

00:10:56.000 I'm for the tax cuts.

00:10:57.000 I'm for making them permanent.

00:10:58.000 I'm for spending cuts.

00:11:00.000 But if I don't get everything I want, I'll still vote for that.

00:11:02.000 The only thing I won't vote for in the line in the sand I've drawn is over the...

00:11:06.000 Raising the debt ceiling $5 trillion because there has to be someone left in Washington.

00:11:11.000 There may only be a handful of us, but there has to be someone left who cares about the debt.

00:11:16.000 But once conservatives are hoodwinked into voting to raise it $4 or $5 trillion, there is no high moral ground.

00:11:22.000 You can't say, I wasn't part of the problem.

00:11:25.000 They are the problem.

00:11:26.000 The conservatives assume the problem.

00:11:28.000 Once you vote for Biden's spending levels, which they all did in March, they have assumed the problem.

00:11:33.000 The deficit now belongs to the Republicans and the Democrats, but we're losing the faction of the Republicans who could stand on high moral ground and say, I didn't vote for that.

00:11:44.000 I'm not raising the debt ceiling.

00:11:45.000 I'm principled for balanced budgets.

00:11:47.000 That's what we're losing.

00:11:48.000 Well said, Senator M. Paul.

00:11:50.000 Thank you.

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00:12:50.000 President Donald Trump is in Saudi Arabia right now issuing a pretty amazing speech.

00:12:59.000 It's not a MAGA rally.

00:13:00.000 It's something else.

00:13:00.000 It's an America rally in Saudi Arabia.

00:13:04.000 So for those of you guys keeping score...

00:13:07.000 What is Saudi Arabia and what is the significance of it?

00:13:11.000 Well, Saudi Arabia is the wealthiest of all the Gulf states.

00:13:15.000 Founded by the House of Saud, Saudi Arabia occupies the majority of the Arabian Peninsula.

00:13:22.000 Saudi Arabia basically won the lottery, the largest oil reserves in the world, and is able to extract that oil at the lowest cost on the planet.

00:13:34.000 Saudi Arabia was a group of radical Islamist Bedouin tribes that struck liquid gold. 0.99

00:13:43.000 And it's no exaggeration to say that the current crown prince, the son of the king, who will then of course become king, Mohammed bin Salman, is rapidly trying to diversify Saudi Arabia into a modernized economic country.

00:14:02.000 He's not quite there on the social or political reforms, but they're making some progress.

00:14:09.000 He's rolled back their religious police a lot.

00:14:12.000 And this is all happening in Riyadh, Saudi Arabia, which is the center of all this activity.

00:14:19.000 Now, mind you, Saudi Arabia also has a lot of power in the Islamic world.

00:14:24.000 It is a commandment in Islam to go to Saudi Arabia once in your life, to do the Hajj, as they call it.

00:14:32.000 I believe it's one of the five pillars of Islam, which is to pray three times a day and to...

00:14:39.000 Honor your parents.

00:14:42.000 Give alms, which is like charity, and then go to Mecca, which is the Hajj, the five pillars of Islam.

00:14:48.000 So in some ways, they're kind of a gatekeeper of Islam. 1.00

00:14:52.000 And I believe even Shia Muslims have to go to the Sunni country of Islam. 0.98

00:14:57.000 And so in Islam, you have Sunni and you have Shia.

00:15:00.000 About 15% of the world's Muslims are Shia.

00:15:04.000 Iran is Shia. 0.57

00:15:05.000 And 85% is Sunni. 0.79

00:15:08.000 It goes all back to an old argument of what did Muhammad say and was it actually?

00:15:13.000 It's all this old rigmarole of theological Islamic stuff. 1.00

00:15:18.000 Now, President Trump is doing something very interesting, though.

00:15:21.000 He's not just visiting Saudi Arabia.

00:15:23.000 He's also going to visit their great rival.

00:15:26.000 I don't want to quite call them an enemy.

00:15:27.000 They don't like each other at all.

00:15:30.000 Qatar.

00:15:31.000 Qatar is a much smaller country, but very wealthy.

00:15:35.000 Not as wealthy, because they have massive liquid natural gas deposits.

00:15:41.000 Now, our relationship with Qatar and Saudi Arabia is very complicated.

00:15:45.000 It's getting better in regards to Saudi Arabia.

00:15:49.000 Saudi Arabia kicked our troops out of their country after 9-11.

00:15:52.000 Some of the hijackers against America were almost all Saudi Arabian on 9-11.

00:15:59.000 We also, in Qatar, we have a major United States military base there.

00:16:05.000 And they're very, very wealthy.

00:16:07.000 Doha is cleaner and looks like a more sophisticated city than almost anything you'll find in America.

00:16:15.000 They also have some Islamic repression.

00:16:17.000 And I think President Trump is also going to the UAE.

00:16:19.000 I don't have confirmation of that.

00:16:21.000 I think he's also going to the UAE.

00:16:23.000 And the UAE is kind of a, it's buttressed up on the Arabian Peninsula.

00:16:28.000 Between the Persian Gulf, which they're renaming as the Arabian Gulf, and the Gulf of Oman.

00:16:33.000 If you go to the actual, the most northern point of the United Arab Emirates, they are just miles away from Iran.

00:16:43.000 To combine all this together, why is President Trump doing this?

00:16:46.000 He's very smart to do this.

00:16:47.000 Number one, almost all of the international capital has partnerships, has relationships, or has friends between Saudi Arabia, Qatar, and the UAE.

00:16:57.000 If you want to rebuild the American economy, keeping those Gulf states neutral, if not happy, is important. 1.00

00:17:04.000 But President Trump is brilliant because we want to bring Saudi Arabia, Qatar, and the UAE in our direction.

00:17:11.000 We want them to go west.

00:17:13.000 We don't want them to go east.

00:17:14.000 We do not want them to cozy up to China. 0.99

00:17:17.000 Now, again, we don't want a bunch of more Islamists and Mohammedans coming to America. 1.00

00:17:21.000 But Saudi Arabia has been deep and was always deep in America's camp. 0.96

00:17:27.000 Under Biden, they moved a lot more towards China.

00:17:30.000 China does not have natural resources.

00:17:33.000 China does not have significant oil reserves.

00:17:36.000 China needs Saudi Arabia. 0.73

00:17:38.000 China needs Qatar. 0.91

00:17:40.000 China needs the United Arab Emirates. 0.93

00:17:42.000 But if President Trump, being the master statesman, is able to negotiate some friendship and some relationship with these Gulf states, he's then able to diplomatically ice out China When China needs these three actors, Iran alone is not enough energy to fuel the beast that is becoming the Chinese Communist Party's economy. 0.73

00:18:02.000 There's so many other dynamics at play here, involving the Russian-Ukrainian war, American investment, trillions of dollars of capital.

00:18:10.000 President Trump making a state visit to Saudi Arabia is brilliant.

00:18:14.000 And in an ironic way, it's actually putting America first.

00:18:21.000 You know what's keeping me up at night?

00:18:23.000 Not my conscience.

00:18:24.000 It's actually my aging DNA.

00:18:26.000 It's getting hammered like a piñata at a kid's birthday party.

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00:18:41.000 But here's the kicker.

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00:19:31.000 Your DNA will thank you.

00:19:33.000 And hey, so might the mirror.

00:19:37.000 Joining us right now is a new friend and someone who has a phenomenal idea that we want to make reality.

00:19:42.000 He's live from Saudi Arabia and so it is a perfect segue. 1.00

00:19:47.000 It is Brad Gerstner.

00:19:49.000 Brad is the CEO of Altimeter Capital.

00:19:52.000 Brad, let's cut right to it.

00:19:53.000 You have a phenomenal idea.

00:19:54.000 I am the number one advocate of this idea.

00:19:56.000 We're going to make this happen.

00:19:57.000 Brad, tell us all about it.

00:19:59.000 Well, it's great to be here, Charlie.

00:20:00.000 And listen, just listening to Rand Paul, your conversation about Saudi Arabia, it's great to be here.

00:20:06.000 I'm actually flying wingman to David Sachs, helping to spread the AI accelerationist theme in this part of the world, and it's going incredibly well.

00:20:15.000 And so I thought your comments were spot on.

00:20:18.000 But let's talk about Invest America.

00:20:21.000 The Ways and Means Committee this week included it in the Reconciliation Act.

00:20:25.000 And what it is, it's a very simple idea.

00:20:28.000 We want to restore and reconnect people to capitalism by giving every child born in America a $1,000 investment account seated in the S&P 500.

00:20:39.000 It really acts as a 401k from birth.

00:20:42.000 So think about 3.7 million kids born every year in the United States.

00:20:47.000 They each get a private account.

00:20:49.000 They own title to that account.

00:20:51.000 Their family can add money to the account.

00:20:53.000 It's hard to set up an account when you have a kid.

00:20:56.000 So the family can put in money.

00:20:58.000 The employers can put in money.

00:21:00.000 So companies, Dell Corporation, Uber Corporation, NVIDIA, AMD, Oracle, etc., have all said that if we set this up, they'll add money to the accounts of their kids and their employees.

00:21:11.000 We've had states suggest that they will add money to the accounts.

00:21:15.000 States like Maine, where they already set up accounts at birth.

00:21:18.000 So I think this is really just setting up a financial infrastructure that will unleash capitalism by making every child born a capitalist and aligning them with the upside of free enterprise.

00:21:30.000 So we're really excited that the House – We want to give people a stake in the ownership economy.

00:21:51.000 So, Brad, let me make sure I understand this correctly.

00:21:54.000 President Trump will be able to say, hey, everybody, open up your Invest America app.

00:21:59.000 That new baby has a $1,000 in a one-way lockbox investment account.

00:22:06.000 President Trump will be able to brag to millions of people that your kid already has equity in the American dream.

00:22:12.000 This could be transformational for lower-income, Hispanic, working-class whites, black Americans in this country.

00:22:18.000 Please riff on that.

00:22:20.000 Right here.

00:22:21.000 Invest America account on your phone.

00:22:23.000 You see that you own a little slice of Apple, of Berkshire Hathaway, of NVIDIA.

00:22:29.000 It reconnects everybody with that.

00:22:32.000 We know the president.

00:22:33.000 He's probably going to call them the Trump account, but there are going to be 40 million kids.

00:22:37.000 If we can get this done, if we can sign it on July 4th of this year when he passes the Reconciliation Act, then when we have our 250th anniversary, July 4th of 2026.

00:22:48.000 We can launch 40 million families and kids with their own private account, their own ownership in the upside of America.

00:22:56.000 What better way to celebrate the 250th anniversary of this country than to start everybody off on this journey with a dividend in the upside of the American economy?

00:23:05.000 He pulled me aside at this party and you were like, the way that you synthesized it, what is the major problem?

00:23:10.000 And by the way, one of the reasons we're winning young people on campuses is I diagnosed this problem.

00:23:14.000 They own nothing.

00:23:15.000 They have debt and they're cynical and they are then...

00:23:18.000 They become socialists because they have envy and greed.

00:23:22.000 If all of a sudden, by the age of 18, you have a tax-free S&P 500 account that could go from $1,000 to $20,000 to $30,000 to $40,000, you have real skin in the game, and you are a co-owner of the...

00:23:37.000 American economy.

00:23:38.000 And so, Brad, let's riff on this just a little bit more, and then you've got to run back to all of our Saudi friends there.

00:23:45.000 This could change the game and make people capitalists at age 7. I could imagine a bunch of 9- and 10-year-olds being like, Our stock is up today.

00:23:54.000 By the way, if you win a spelling bee, they could be like, hey, I'm going to put $25 into your Invest America account.

00:23:59.000 If you win a sports championship, it's a way where moms, dads, grandfathers, companies, employers, you can tokenize this where kids can actually then save their entire childhood and have something to point forward to and be co-owners in America, not just renters.

00:24:16.000 Brad?

00:24:17.000 More likely to buy a home, more likely to start a business, more likely to pay taxes.

00:24:21.000 More likely to graduate from high school and college.

00:24:24.000 Less likely to be in prison.

00:24:25.000 Because every kid has a shot.

00:24:27.000 They all have skin in the game.

00:24:29.000 It changes their perspective on the country, right?

00:24:32.000 We can't blame, you know, folks when they feel like the system is rigged against them if they never have a shot of owning anything.

00:24:41.000 We get everybody in the game from birth.

00:24:43.000 They all own an upside in this economy.

00:24:45.000 I think it changes everything.

00:24:46.000 And remember...

00:24:47.000 This is going to be every rural town in America. 0.94

00:24:50.000 I came from a small town in Indiana.

00:24:52.000 Every urban block, right?

00:24:54.000 This is every district, every county, every town.

00:24:58.000 The president is pushing his Main Street agenda.

00:25:01.000 This is the definition of the Main Street agenda.

00:25:04.000 It gets everybody into the game.

00:25:05.000 I think it's going to unlock so much human potential and continue to drive the productivity and the economic growth that we need in this country.

00:25:13.000 What's the action item, Brad?

00:25:15.000 It's in committee.

00:25:16.000 President Trump gets this reconciliation bill as it's written, and you are pushing it.

00:25:20.000 If you have a baby in December, $1,000 in a tax-free account, what is the call to action for this audience to make sure this becomes a reality?

00:25:29.000 This could change the game.

00:25:31.000 Thanks for having me on, Charlie.

00:25:32.000 Follow it at InvestAmerica24 on X on Twitter for all the updates.

00:25:38.000 Senator Ted Cruz introduced legislation today in the Senate to support this, so they'll add that to the reconciliation bill.

00:25:46.000 Just follow along.

00:25:47.000 Follow Charlie.

00:25:48.000 Charlie understands importantly that the cheapest way we defend capitalism is by making every child a capitalist.

00:25:57.000 So let's get after it.

00:25:58.000 Let's get this reconciliation bill passed.

00:26:00.000 I love it.

00:26:01.000 Brad, we're going to do it.

00:26:02.000 Go back and represent our country abroad.

00:26:05.000 Well, thank you so much, Brad, for taking the time.

00:26:06.000 Thank you.

00:26:07.000 Great to be here.

00:26:08.000 Thanks for having me, Charlie.

00:26:09.000 And so just to repeat that, what Brad has been pushing, by the way, he's one of the more successful people in Silicon Valley.

00:26:14.000 Great guy.

00:26:15.000 I've only known him for about a week, but I've known him from afar.

00:26:18.000 He's from Altimeter Capital.

00:26:21.000 So Brad's idea is this, and we're going to get this done in the reconciliation bill.

00:26:26.000 Upon birth, assigned to your Social Security number in a one-way lockbox, $1,000 loan from the Treasury is put in that is then basically a 401k for kids.

00:26:38.000 The kid cannot access it until they turn age 18. It grows tax-free.

00:26:44.000 People can put into it.

00:26:46.000 So companies can put into it.

00:26:48.000 Philanthropists can put into it.

00:26:50.000 Schools can put into it.

00:26:52.000 States can put into it.

00:26:54.000 If the kid all of a sudden wins a spelling bee, they can put money into it.

00:26:58.000 And that isn't even much money compared to the stuff we blow money on.

00:27:01.000 $1,000 per kid, that's 3.7 million kids a year.

00:27:05.000 That's 3.7 billion a year.

00:27:06.000 In perspective, we spent $300 billion on Ukraine.

00:27:10.000 So what is the significance of this?

00:27:12.000 So all of a sudden, If Erica and I have another baby, social security number, $1,000 there, I then can be like, hey, we're going to put $100 a month into this one-way Dropbox.

00:27:24.000 And it's very simple.

00:27:25.000 It just buys the S&P.

00:27:26.000 It's not sophisticated wealth management.

00:27:28.000 You're betting on the future of America, basically.

00:27:31.000 And then these kids at age 10, 11, 12 can open up their app and say, wow, that's my money that is growing.

00:27:37.000 And when I turn 18, I will be able to access that money.

00:27:41.000 And President Donald Trump, on our 250th anniversary, the bicentennial next July, he'll be able to make a speech telling Americans, I just gave your kids money that no other politician will, and Democrats are going to vote against it.

00:27:56.000 And we might even have a baby boom as that number goes up.

00:28:00.000 And so these kids then could just let it ride until they're 65 if they want, or by the time they're 18, that $1,000, by the way.

00:28:07.000 Just so we are clear, you are going to see people that are worth $50 or $100 billion be like, I'll give $20 billion towards this.

00:28:16.000 You're going to see major companies that instead of donating to Black Lives Matter, instead of donating to all this trans stuff, we're going to put pressure on companies like NVIDIA, pressure like Johnson& Johnson.

00:28:29.000 Instead of doing all that nonsense, go give a billion dollars to Invest America.

00:28:35.000 You're going to see major philanthropists.

00:28:37.000 We're going to have matching grants.

00:28:38.000 Think about it.

00:28:39.000 In schools, if they want to encourage good behavior, if they say, hey, if you're on time to school every single day, we'll put $100 into your Invest America account.

00:28:51.000 It's going to become a tally scorecard for future generations to be able to get real money that they can't access because we don't want them to access at their 13. They know what they're doing.

00:29:01.000 But it's an incentive structure where they can aim towards something.

00:29:06.000 And if it's just the $1,000, that money on average will double every seven years if you average a 10% annual return.

00:29:15.000 And you could even be as provocative as saying like, hey, we're going to put $500 if you don't have any truancy, any delinquency, and any crimes that you're committed for $18.

00:29:26.000 We're going to put $500 a year into your Invest America account.

00:29:30.000 Major charities, instead of saying, hey, we're going to go give money to racial justice, we're going to go to the city of Chicago until every young kid in Chicago, primarily black kids, we're going to go put $1,000 a year into your Invest America account if you don't commit crimes in your 14, 15, 16, 17. All of a sudden, instead of joining a gang, they might be like, man. 0.58

00:29:49.000 I kind of want that money.

00:29:50.000 And what it does, we know this in human psychology, is that it then has delayed gratification.

00:29:54.000 And they can access it as far as the money.

00:29:57.000 They can see it at any time.

00:29:59.000 As the market goes up, they'll be able to tell their friends, Yo, I now have $4,000 waiting for me.

00:30:05.000 I now have $6,000 waiting for me.

00:30:07.000 They'll start caring more about markets.

00:30:09.000 They'll start caring more about tax policy.

00:30:11.000 They'll start caring more about regulatory policy.

00:30:14.000 And all of a sudden when AOC...

00:30:16.000 And Bernie Sanders starts saying, let's go confiscate the wealth.

00:30:20.000 These kids that are 10 years old and 13 years old will say, wait a second, I own stocks.

00:30:26.000 I don't want you to confiscate the wealth.

00:30:28.000 I want my Invest America portfolio to do well.

00:30:31.000 It's an investment in the psychology of capitalism.

00:30:34.000 And that's why when Brad told me this idea, I said, this is it.

00:30:38.000 We've been looking for this.

00:30:39.000 More likely to own a home, less likely to commit crimes.

00:30:42.000 And Blake is right in the chat.

00:30:43.000 $3.7 billion a year. 0.81

00:30:45.000 Of all the garbage that we spend money on, you know, Sesame Street in Iraq and transgender surgeries and just the most insane stuff, we should then pump this up even more. 1.00

00:30:58.000 And again, imagine being raised in a country. 0.97

00:31:02.000 Where now you're 5, 6, or 7 years old and your parents can then teach you about economics from an ownership standpoint.

00:31:09.000 And what's amazing is a lot of these families have actually no money.

00:31:15.000 Half of our country only has debt.

00:31:16.000 Half.

00:31:17.000 And these kids will be wealthier than their parents.

00:31:22.000 Now, they can't access the money, but they'll be able to say, I have something to live for.

00:31:28.000 Stable countries need lots of small owners.

00:31:32.000 Aristotle famously said that if you do not have a middle class, your country will disintegrate.

00:31:36.000 When people don't own anything, they want to blow things up.

00:31:39.000 This is going to be in the reconciliation bill.

00:31:41.000 It was proposed yesterday.

00:31:44.000 Majority of the country cannot get hands on $400 cash in an emergency.

00:31:48.000 To be clear, the parents cannot raid this account.

00:31:50.000 Sorry.

00:31:51.000 The parents cannot go access this $1,000 to go pay for...

00:31:55.000 That's not what this is for.

00:31:57.000 Instead, it's for the kid that is raised seeing their parent go paycheck to paycheck to say in the back of their head, I got something waiting for me.

00:32:06.000 I got something for me.

00:32:08.000 I have something that is going to make my future brighter, better.

00:32:17.000 The economics of this are incredible.

00:32:20.000 And then, on top of it, the...

00:32:24.000 Just so we are clear, just based on market averages, Brad sent me this.

00:32:28.000 It would be a million dollars by age 55 if you save $750 per year.

00:32:35.000 It's amazing.

00:32:36.000 And then we can challenge all the major philanthropists of the West.

00:32:40.000 Go give a billion.

00:32:41.000 Go give a billion.

00:32:42.000 For example, Bill and Melinda Gates.

00:32:44.000 Big story in the New York Times over the weekend.

00:32:46.000 Bill Gates and Melinda says, we're done.

00:32:48.000 We're sunsetting our foundation.

00:32:49.000 We've got $200 billion.

00:32:51.000 So they could go spend all that money on a new mRNA gene-altering vaccine or some goofy thing in Haiti that's not going to make any difference. 0.89

00:32:58.000 Or Bill and Melinda Gates can combine with Zuckerberg and Bezos and they can say, all right, we're going to go put $50 billion together and scatter it into Invest America accounts.

00:33:09.000 It's a much better way to do it than funding some racket NGO in the Congo.

00:33:14.000 It goes straight to Americans. 0.92

00:33:16.000 And again, I cannot reiterate.

00:33:20.000 The psychological benefit that this will mean for the nation.

00:33:25.000 You have more market principles when people own stuff.

00:33:29.000 This is against all the World Economic Forum ambitions.

00:33:32.000 They want young people to own nothing and to be happy. 1.00

00:33:35.000 We are the opposite.

00:33:36.000 We're actually saying that a six-month-old is going to own something in this country.

00:33:42.000 And here's something, honestly, we should do.

00:33:44.000 We should go to all the major billionaires across America.

00:33:46.000 I know some of them.

00:33:47.000 And say, hey.

00:33:48.000 Let's go create a $1 trillion fund, and all it does is put 1% of that $1 trillion fund into the Invest America accounts every year.

00:33:57.000 Do you see how big this can be?

00:33:59.000 This could change the entire financial future, especially of a generation that doesn't own anything. 1.00

00:34:05.000 And imagine the politics of this.

00:34:07.000 Black America always says, what have you done for me? 0.95

00:34:09.000 I will now be able to go on a college campus and say, for every new black kid born in America, real cash.

00:34:16.000 For you when you get to age 18. It wasn't the Democrats.

00:34:20.000 It wasn't Joe Biden.

00:34:21.000 They've been promising you stuff for years.

00:34:23.000 Donald Trump is giving you real money by the time you reach age 18. Whoa.

00:34:29.000 It's big.

00:34:30.000 They're always calling for reparations and all this.

00:34:33.000 Instead, let's just have you guys have ownership.

00:34:35.000 In fact, let's use one of their favorite words, equity.

00:34:38.000 Well, we're giving you guys equity.

00:34:39.000 And by the way, there's a reason why Joe Biden and the Democrats never push this.

00:34:42.000 They actually don't want people to own.

00:34:45.000 This is literal equity in the system.

00:34:48.000 Literal co-ownership.

00:34:49.000 You can actually tangibly track it.

00:34:52.000 You can see it go up.

00:34:53.000 You can see it minorly go down.

00:34:56.000 You'll have a whole generation watching the markets as if it's their favorite sports team.

00:35:03.000 They'll be competing.

00:35:04.000 They'll be studying.

00:35:05.000 They'll be looking.

00:35:05.000 They'll be viewing.

00:35:07.000 They're shareholders in America.

00:35:10.000 We are creating generational shareholders in America, and I can't give Brad enough credit.

00:35:14.000 For pioneering this and President Trump for pushing this forward.

00:35:17.000 This will be a legacy item.

00:35:19.000 They will talk about this the same way that FDR started Social Security.

00:35:26.000 It is one of the best ideas that I've heard.

00:35:31.000 And we're going to make it happen.

00:35:32.000 We're going to turn it into reality.

00:35:35.000 We've got to keep the pressure on the Republicans to do this.

00:35:40.000 Private student loan debt.

00:35:41.000 So many Americans feel stuck and helpless.

00:35:43.000 They are the sponsor of our campus tour.

00:35:45.000 They are great people.

00:35:46.000 You can finally take control of your student loan situation at YReFi.com.

00:35:51.000 That is Y-R-E-F-Y.com.

00:35:53.000 They provide you with a custom loan payment based on your ability to pay.

00:35:57.000 YReFi is not a debt settlement company, and they work with each borrower individually, tailoring each loan to each borrower's specific.

00:36:05.000 You'll not be calling a faceless call center.

00:36:08.000 YReFi can reduce your monthly payment and guarantees interest rates under 6%.

00:36:13.000 YReFi does not care what your credit score is.

00:36:15.000 Go to YReFi.com.

00:36:17.000 That is Y-R-E-F-Y.com.

00:36:19.000 So take a look at it right now at YReFi.com.

00:36:22.000 YReFi refinances distress and defaulted private student loans, which are different from federal loans.

00:36:27.000 They offer a three-minute rate check.

00:36:29.000 So I want you to think right now.

00:36:30.000 Maybe you have private student loan debt.

00:36:32.000 Maybe your friend does.

00:36:33.000 Maybe your neighbor.

00:36:34.000 Got to check it out.

00:36:35.000 YREFI.com.

00:36:36.000 Y-R-E-F-Y.com.

00:36:37.000 Can you imagine being debt-free and not burdened anymore?

00:36:41.000 Go to YREFI.com.

00:36:42.000 May not be available in all 50 states.

00:36:43.000 YREFI.com.

00:36:48.000 Remarkably, the emails are overwhelmingly positive, but it's just amazing how people are trying to find something wrong with this idea.

00:36:54.000 The objections are laughable.

00:36:57.000 You have an entire generation that owns nothing. 0.98

00:37:00.000 Their parents don't own anything.

00:37:01.000 It's a great idea to get them an ownership stake in the nation.

00:37:07.000 When you own stuff, you are de-radicalized.

00:37:09.000 When you own stuff, you care more for your homeland.

00:37:13.000 When you own stuff, you resist socialism.

00:37:15.000 You want to cut off Bernie Sanders and AOC?

00:37:19.000 Ownership.

00:37:20.000 Ownership.

00:37:21.000 Somebody says here, stop the nonsense.

00:37:23.000 Social security was supposed to be in a lockbox.

00:37:25.000 This is not social security.

00:37:26.000 This is something completely different.

00:37:28.000 This is not social security.

00:37:29.000 This is written into law a one-way deposit.

00:37:34.000 Also, the Social Security lockbox is a lie.

00:37:36.000 No one ever said that.

00:37:37.000 It was never in law.

00:37:40.000 Social Security is just taxes.

00:37:41.000 These are individual investment accounts.

00:37:44.000 So, for example, someone says here, Charlie, where does the $1,000 come from?

00:37:47.000 It's a loan from Treasury that will be repaid.

00:37:50.000 Someone says here, Invest America is a money grab.

00:37:53.000 So for every kid, a few hedge funds get $1,000 locked up.

00:37:56.000 No, there's no hedge fund.

00:37:57.000 That's not how this works. 1.00

00:37:59.000 Someone says, stupid, Wall Street is casino. 1.00

00:38:01.000 The house will always win. 1.00

00:38:02.000 No, that's actually not true.

00:38:03.000 Like, you guys are wrong, actually.

00:38:05.000 You're completely wrong.

00:38:07.000 If you literally buy a stock and do not sell it, you win.

00:38:11.000 Someone says here, but everyone lost money in 2008.

00:38:13.000 Yeah, you lost if you sold.

00:38:16.000 No one told you to sell.

00:38:18.000 If you look at a chart, and even if you would have bought at the top of the market before the crash in 2008 and you did not sell, You would have quintupled your money over the last 17 years.

00:38:30.000 Wall Street is actually not...

00:38:31.000 The market is not a casino.

00:38:33.000 It's a casino if you sell and buy.

00:38:36.000 If you just hold and you buy good companies, you do really well.

00:38:42.000 And so, again, it flummoxes me sometimes, the emails that we receive, how you could possibly be against this.

00:38:50.000 But the emails are overwhelmingly positive.

00:38:52.000 So think of it this way.

00:38:53.000 Where do the richest people in the world have their wealth?

00:38:56.000 They largely have it in equities.

00:38:58.000 We now want young people to also have that.

00:39:01.000 Bill Gates is rich because he owns Microsoft, and it keeps on going up every single year.

00:39:06.000 And with AI, by the way, this is a great argument.

00:39:08.000 People say, how are we going to share in the AI revolution?

00:39:10.000 This is how.

00:39:11.000 These companies are going to get so valuable.

00:39:13.000 Microsoft will be a $10 trillion company in a couple years.

00:39:16.000 I'm calling the shot right now.

00:39:18.000 Five years from now.

00:39:19.000 In 2030, you guys can play back the tape.

00:39:22.000 Hopefully we're still hosting this program in 2030.

00:39:24.000 Microsoft will be a $10 trillion company.

00:39:27.000 Why do I say that?

00:39:28.000 The AI revolution is going to explode all of these equities.

00:39:31.000 Wouldn't it make sense to have kids be co-owners in NVIDIA and Alphabet and Meta into these IPOs?

00:39:37.000 There are two types of people in the world.

00:39:39.000 Asset holders and those without assets.

00:39:43.000 Usually capitalists are the ones that own assets.

00:39:47.000 And so we have an entire country that owns nothing.

00:39:50.000 This is the best idea that I've heard that is objectively going to work.

00:39:56.000 And someone says, Charlie, we're spending too much money on this.

00:39:59.000 It's $3 billion a year.

00:40:01.000 How about this?

00:40:02.000 We cut the defense budget by $30 billion.

00:40:05.000 How's that sound?

00:40:06.000 We spend nearly a trillion dollars on the Department of Defense.

00:40:09.000 How about we trim that $30 billion?

00:40:11.000 We could pay this 10 times over.

00:40:13.000 This is not a lot of money.

00:40:15.000 It's not.

00:40:16.000 This here will make young people care about markets.

00:40:21.000 If you want to keep on seeing the socialist revolution, just have people own nothing.

00:40:30.000 And here's what's amazing.

00:40:31.000 You guys as grandparents and parents can pay into it, which is good for you.

00:40:35.000 You could put into this lockbox, and it's good for the market.

00:40:39.000 The market will actually go up because of this.

00:40:42.000 More buyers, less demand.

00:40:44.000 The Dow will go up.

00:40:46.000 This will lower the odds of kids becoming dependent on government entitlements.

00:40:51.000 This will lower the odds of kids becoming subservient to the state.

00:40:56.000 This will lower the odds of kids becoming socialists because they're stakeholders, and they'll ask better questions.

00:41:05.000 They'll say, no, actually, I own some.

00:41:07.000 I have something coming.

00:41:09.000 One of the number one ways that we have found to keep young black men out of gangs is yes, fathers, and what is the other word?

00:41:16.000 Hope.

00:41:18.000 Hope.

00:41:19.000 So many young black men, when they are talked to, do not have hope.

00:41:23.000 What's the big deal, man? 0.99

00:41:24.000 I'm just going to go join a gang.

00:41:26.000 All of a sudden, if they have hope on an app that shows what they can own, hey, I don't know if I'm going to go do all that nefarious activity.

00:41:34.000 Because when I'm 18, I'm going to do very well.

00:41:38.000 A morale boost to youth who worry about buying a home.

00:41:41.000 A morale boost to a country that needs it desperately.

00:41:43.000 It's in the reconciliation bill.

00:41:45.000 It's called Invest America.

00:41:46.000 It's a simple idea.

00:41:48.000 It is game-changing and will make our country a profoundly better place.

00:41:53.000 We've got to make sure the Republican Congress continues to include it and passes it and President Trump will get the win.

00:41:59.000 Thanks so much for listening, everybody.

00:42:00.000 Email us, as always, freedom at charliekirk.com.

00:42:02.000 Thanks so much for listening and God bless.

The Charlie Kirk Show - May 13, 2025

"MAGA Accounts" — The Best New Idea of Trump 2.0?

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