Shownotes Transcript
Hey everybody, Charlie Kirk here live from the Bitcoin.com studio. An action-packed episode here. We have Senator Rand Paul talking about the Middle East and foreign aid, and then a phenomenal idea. You have to listen to this very carefully. What if I told you every new baby in America will get a $1,000 tax-free investment account to their name? Is it a good idea, a bad idea? Listen to it carefully. Brad Gerstner, the
brainchild behind all this joins the program. And I want to hear from you on The Charlie Kirk Show. Email us as always, freedom at charliekirk.com. Subscribe to our podcast. Open up your podcast application and type in Charlie Kirk Show. Become a member today, members.charliekirk.com. That is members.charliekirk.com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks.
I want to thank Charlie. He's an incredible guy. 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. 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. That's why we are here.
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Right out of the gate here, we have a wonderful fighter for liberty, someone who I really respect, I've known for quite a while, Senator Rand Paul from the great state of Kentucky.
Senator, great to see you. Thank you for taking the time. The breaking news today is that President Donald Trump is in Saudi Arabia announcing a closer partnership with many Gulf states. Something I know that you and I both care about is trying to prevent a war with Iran. 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. How do you think we should balance an alliance with some Gulf states, all the while trying to prevent a war with Iran?
another no-win, endless war in the Middle East? - You know, I commend the president for going to the Middle East. Some of the Democrats are up in arms, you know, criticizing it, 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.
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. 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 with Israel, which is pretty obvious, but then also their relationship with the Gulf states as well.
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. So Saudi Arabia could be a more constructive player here. And hopefully that's part of the discussions.
Yeah. And so let's broaden this a little bit more. There are some in D.C. that seem so insistent on trying to escalate military tensions with Iran. 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 and in our own country and to defend liberty.
What is the status of this? It seems like there has been an increase in the amount of chatter about potential military strikes against Iran. Let's just let me ask it this way. Why would an American military strike against Iran be a bad idea? Some people in our audience who I really respect say, Charlie, they can't have a nuclear weapon. It's just military strikes. It's just airstrikes against an airfield.
- I think nobody wants them, including myself, to have nuclear weapons. But 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. 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? Probably it will be difficult.
So ultimately, the discussion about trying to get an agreement is one that is going to be necessary. I think you can't really bomb them out of the nuclear age. You have to sort of have a negotiation. We have a great deal of leverage. They have an economy that hurts. They have an economy that doesn't do very well. Their people aren't necessarily that happy.
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. 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. And I think that's something we ought to explore. I think Trump is exploring it. And I'm excited, at least optimistic, that these discussions are ongoing.
So the one big, beautiful bill is working its way through Congress. I would like to see a lot more spending cuts. 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. What is your take on the early drafts of this big, beautiful bill? I'm sure there's some things that you would support and support.
Are you thinking of voting for it? Where are you standing on this reconciliation bill? So in 2017, I voted for the Trump tax cuts and they became the Republican tax cuts. And this was done through reconciliation. I was all in. I think they did a great job. I think they created that economy that Trump was always bragging about with the lowest historic unemployment before we got into the pandemic. I'm still for all of that and I'm for making it permanent. That's one big aspect of the bill.
The second aspect is spending cuts. I'm always for more rather than less. 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. And the reason why the debt ceiling is so important to me and used to be important to most conservatives...
is that the debt ceiling is adding everything up and gives you a simple number that represents really what's going to happen. 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. What does it add up to?
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. $5 trillion over two years is just something I can't support. So come September 30th, there will be a deficit of $2.2 trillion. We will spend $2.2 trillion, or Congress will, more than comes in.
And you say, well, whose responsibility is that? Well, the first half of the year was Biden and the Republicans who supported the Biden levels. 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.
That's what we're living under now. So it's no longer any blame on the deficit on Biden, all the blame's on Republicans, not just the president. Every Republican who voted for the March spending levels is responsible now for a $2.2 trillion deficit this year in one year. Historic.
But what's going to be even more historic is voting on a raise of the debt ceiling $5 trillion. So that means they're anticipating another $2.8 trillion in the following year. So I raised my hands and I shake my head and I say, well, what happened to Doge?
What happened to all these great things Elon Musk was doing? What happened to we were going to balance the budget? Why are we raising the deficit $5 trillion? So what I've offered is what I think a reasonable compromise. And so far, I'm about the only person who believes that it's a good compromise. But I offered, let's give them three months.
Let's give them three months of debt ceiling, which is $500 billion, which is an extraordinary amount. We used to never borrow that in one year. Give them $500 billion. It'll last three months. And then at the three months we have a meeting, we come together and say, well, what have you done on spending? What are the spending levels? You promised us these spending levels. Now you're giving us these spending levels. Maybe we have a debate whether we're going to vote for any more debt ceiling. So I think the debt ceiling vote could be a lever.
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. Are they doing their job? Are they cutting spending? The doge cuts have to come back to us. And so about three or four weeks ago, we got a promise from the administration for $9 billion. Well, $9 billion is a lot to you and I, but to the government, it's a rounding error.
So the deficit this year is going to be $2.2 trillion. If you cut it $9 billion, it's going to be $2.191 billion. 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.
This is the $9 billion that was like sex change surgeries in Guatemala, trans comic book in Peru, trans opera in Colombia. This is the low-hanging fruit. If Congress can't vote this, you need to get rid of the people who vote against this. So we should force the vote.
But it has to come from the president. $9 billion. It's not enough, but I'll vote for it. And let's see who won't. 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. We are going to be devoured by debt if we can't even cut $9 billion. Senator, I want to just compliment you and encourage you to get your colleagues serious about cutting spending. 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 it. But right now, we need to get back to penny plan. We've got to get to pre-COVID baseline spending because we are a nation on the verge of a fiscal and financial apocalypse. And you've been principled about this since the very start of you in politics.
And final thoughts, 45 seconds, Senator. Well, I've said I will vote for the bill if they remove the debt ceiling from it. So I'll take imperfect spending cuts. I'll take an imperfect tax bill. I'm not asking for perfection. I'm for the tax cuts. I'm for making them permanent. I'm for spending cuts. But if I don't get everything I want, I'll still vote for that. The only thing I won't vote for in the line in the sand I've drawn is over the raising the debt ceiling five trillion.
because there has to be someone left in Washington. There may only be a handful of us, but there has to be someone left who cares about the debt. But once conservatives are hoodwinked into voting to raise it $4 or $5 trillion, there is no high moral ground. You can't say, I wasn't part of the problem.
They are the problem. The conservatives assume the problem. Once you vote for Biden's spending levels, which they all did in March, they have assumed the problem. 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. I'm not raising the debt ceiling. I'm principled for balanced budgets. That's what we're losing. Well said, Senator Rand Paul. Thank you.
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Or order online at balanceofnature.com. Use discount code CHARLIE to get 35% off plus free shipping. President Donald Trump is in Saudi Arabia right now issuing a pretty amazing speech. It's not a MAGA rally. It's something else. It's an America rally in Saudi Arabia. So those of you guys keeping score at home, what is Saudi Arabia and what is the significance of it? Well, Saudi Arabia is the wealthiest of all the Gulf states.
founded by the House of Saud, Saudi Arabia occupies the majority of the Arabian Peninsula. 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. Saudi Arabia was a group of radical Islamist Bedouin tribes that
struck liquid gold. 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. He's not quite there on the social or political reforms, but they're making some
They're making some progress. He's rolled back their religious police a lot. And this is all happening in Riyadh, Saudi Arabia, which is the center of all this activity. Now, mind you, Saudi Arabia also has a lot of power in the Islamic world.
It is a commandment in Islam to go to Saudi Arabia once in your life, to do the Hajj, as they call it. I believe it's one of the five pillars of Islam, which is to pray three times a day and to honor your parents. Give alms, which is like charity, and then go to Mecca, which is the Hajj, the five pillars of Islam. So in some ways, they're kind of a gatekeeper of Islam.
And I believe even Shia Muslims have to go to the Sunni country of Islam. And so in Islam, you have Sunni and you have Shia. About 15% of the world's Muslims are Shia. Iran is Shia. And 85% is Sunni. It goes all back to an old argument of what did Muhammad say and was it actually? It's all this old argument.
rigmarole of theological Islamic stuff. Now, President Trump is doing something very interesting, though. He's not just visiting Saudi Arabia. He's also going to visit their great rival. I don't want to quite call them an enemy. They don't like each other at all. Qatar. Qatar is a much smaller country, but very wealthy, not as wealthy because they have massive liquid natural gas deposits.
Now, our relationship with Qatar and Saudi Arabia is very complicated. It's getting better in regards to Saudi Arabia. Saudi Arabia kicked our troops out of their country after 9-11. Some of the hijackers against America were almost all Saudi Arabian on 9-11. We also, in Qatar, we have a major United States military base there, and they're very, very wealthy. Doha...
is cleaner and looks like a more sophisticated city than almost anything you'll find in America. They also have some Islamic repression. And I think President Trump is also going to the UAE. I don't have confirmation of that. I think he's also going to the UAE. And the UAE is kind of a, it's buttressed up on the Arabian Peninsula between the Persian Gulf, which they're renaming as the Arabian Gulf, and the Gulf of Oman.
If you go to the actual, the most northern point of the United Arab Emirates, they are just miles away from Iran.
To combine all this together, why is President Trump doing this? He's very smart to do this. Number one, almost all of the international capital has partnerships, has relationships, or has friends between Saudi Arabia, Qatar, and the UAE. If you want to rebuild the American economy, keeping those Gulf states neutral, if not happy, is important. But President Trump is brilliant.
Because we want to bring Saudi Arabia, Qatar, and the UAE in our direction. We want them to go west. We don't want them to go east. We do not want them to cozy up to China. Now, again, we don't want a bunch of more Islamists and Mohammedans coming to America. But Saudi Arabia has been deep and was always deep in America's camp. Under Biden, they moved a lot more towards China. China does not have natural resources. China does not have significant oil reserves.
China needs Saudi Arabia. China needs Qatar. China needs the United Arab Emirates. 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.
There's so many other dynamics at play here involving the Russian-Ukrainian war, American investment, trillions of dollars of capital. President Trump making a state visit to Saudi Arabia is brilliant. And in an ironic way, it's actually putting America first.
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Joining us right now is a new friend and someone who has a phenomenal idea that we want to make reality. He's live from Saudi Arabia. And so it is a perfect segue. It is Brad Gerstner. Brad is the CEO of Altimeter Capital. Brad, let's cut right to it. You have a phenomenal idea. I am the number one advocate of this idea. We're going to make this happen. Brad, tell us all about it. Well, it's great to be here, Charlie. And listen, just listening to Rand Paul, your conversation about Saudi Arabia, it's
It's great to be here. You know, 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. And so I thought your comments were spot on. But let's talk about Invest America. You know, the Ways and Means Committee this week included it in the Reconciliation Act. And what it is, it's a very simple idea.
We want to restore and reconnect people to capitalism by giving every child born in America
a thousand dollar investment account seated in the S and P 500. It really acts as a 401k from birth. So think about, uh, 3.7 million kids born every year in the United States. They each get a private account. They own title to that account. Their family can add money to the account, right? It's hard to set up an account when you have a kid. So the family can put in money. Um,
The employers can put in money. So companies, Dell Corporation, Uber Corporation, NVIDIA, AMD, Oracle, et cetera, have all said that if we set this up, they'll add money to the accounts of their kids and their employees. We've had states suggest that they will add money to the accounts, states like Maine where they already set up accounts at birth. 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. So we're really excited that the House Ways and Means Committee led by Jason Smith took the leadership along with Mike Johnson to put it in the House's draft version of the reconciliation bill. We have a lot of support in the Senate. We love it. And in the White House as well. We want to give people a stake in the ownership economy of
So, Brad, let me make sure I understand this correctly.
President Trump will be able to say, hey, everybody, open up your Invest America app. That new baby has a one thousand dollars in a one way lockbox investment account. President Trump will be able to brag to millions of people that your kid already has equity in the American dream. This could be transformational for lower income, Hispanic, working class whites, black Americans in this country. Please riff on that right here. And
Invest America account on your phone. You see that you own a little slice of Apple, Apple, a Berkshire Hathaway, uh,
You know, of NVIDIA. It reconnects everybody with that. You know, we know the president. He's probably going to call them the Trump accounts, but they're going to be 40 million kids. If we could 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, we can launch 40 million families and kids online.
with their own private account, their own ownership in the upside of America. 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? He pulled me aside at this party and you were like the way that you synthesized it. What is the major problem? And by the way, one of the reasons we're winning young people on campuses is I diagnose this problem. They own nothing.
They have debt and they're cynical and they become socialists because they have envy and greed. 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 American economy. And so, Brad, let's riff on this just a little bit more and then you got to run back to all the Saudi friends there. This could change the game and make people capitalists at age seven. I could imagine a bunch of nine and ten-year-olds
being like, hey, our stock is up today. By the way, if you win a spelling bee, they could be like, hey, I'm going to put 25 bucks into your Invest America account. 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. Brad.
more likely to buy a home, more likely to start a business, more likely to pay taxes, more likely to graduate from high school and college, less likely to be in prison because every kid has a shot. They all have skin in the game. It changes their perspective on the country, right? We can't blame folks when they feel like the system is rigged against them if they never have a shot of owning anything. We get everybody in the game from birth. They all own an upside in this economy.
I think it changes everything. And remember, this is going to be every rural town in America. I came from small town Indiana. Every urban block, right? This is every district, every county, every town. The president is pushing his Main Street agenda. This is the definition of the Main Street agenda. It gets everybody into the game. I think it's going to unlock so much human potential and continue to drive the productivity growth.
and the economic growth that we need in this country. What's the action item, Brad? It's in committee. President Trump gets this reconciliation bill as it's written and you are pushing it. If you have a baby,
in, you know, December, $1,000 in a tax-free account. What is the call to action for this audience to make sure this becomes a reality? This could change the game. Thanks for having me on, Charlie. Follow it at InvestAmerica24 on X, on Twitter for all the updates. Senator Ted Cruz introduced legislation today in the Senate.
to support this. So they'll add that to the reconciliation bill. Just follow along. Follow Charlie. Charlie's, you know, understands importantly that the way the cheapest way we defend capitalism is by making every child a capitalist. So let's get after it. Let's get this reconciliation bill passed. I love it, Brad. We're going to do it. Go back and represent our country abroad. Well, thank you so much, Brad, for taking the time. Thank you.
Great to be here. Thanks for having me, Charlie. 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, great guy. I've only known him for about a week, but I've known him from afar. He's from Altimeter Capital. So Brad's idea is this, and we're going to get this done in the reconciliation bill. Upon birth, assign to your social security number in a one-way lockbox...
$1,000 loan from the treasuries put in that is then basically a 401k for kids. The kid cannot access it until they turn age 18. It grows tax-free.
People can put into it. So companies can put into it. Philanthropists can put into it. Schools can put into it. States can put into it. If the kid all of a sudden wins a spelling bee, they can put money into it. And that isn't even much money compared to the stuff we blow money on. $1,000 per kid, that's 3.7 million kids a year. That's $3.7 billion a year. In perspective, we spent $300 billion on Ukraine. So what is the significance of this?
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. And it's very simple. It just buys the S&P. It's not sophisticated wealth management. You're betting on the future of America, basically.
And then these kids at age 10, 11, 12 can open up their app and say, wow, that's my money that is growing. And when I turn 18, I will be able to access that money. 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. And we might even have a baby boom as that number goes up.
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 thousand dollars, by the way, just so we are clear, you are going to see people that are worth 50 or a hundred billion dollars be like, I'll give, I'll give 20 billion towards this. You're going to see major companies that instead of donating the black lives matter, instead of donating to all this trans stuff, we're going to put pressure on companies that
like Nvidia pressure, like Johnson and Johnson, instead of doing all that nonsense, go give a billion dollars to invest America. You're going to see major philanthropists. We're going to have matching grants. Think about it in schools where if they want to encourage good behavior, if they say, Hey, if you're on time to school every single day, we'll put a hundred bucks into your invest America account.
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 at 13, but it's an incentive structure where they can aim towards something. And if it's just the $1,000, that money on average will double every seven years if you average a 10% annual return.
And you could even be as provocative as saying like, hey, we're going to put 500 bucks if you don't have any truancy, any delinquency, and any crimes that you're committed for 18. We're going to put 500 bucks a year into your Invest America account. 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, I kind of want that money. And what it does, we know this in human psychology, is that it then has delayed gratification and they can access it as far as the money. They can see it at any time. As the market goes up, they'll be able to tell their friends, yo,
I now have $4,000 waiting for me. I now have $6,000 waiting for me. They'll start caring more about markets. They'll start caring more about tax policy. They'll start caring more about regulatory policy. And all of a sudden when AOC and Bernie Sanders start saying, let's go confiscate the wealth, these kids that are 10 years old and 13 years old will say, wait a second, I own stocks. I don't want you to confiscate the wealth. I want my Invest America portfolio to do well.
It's an investment in the psychology of capitalism. And that's why when Brad told me this idea, I said, this is it. We've been looking for this. More likely to own a home, less likely to commit crimes. And Blake is right in the chat. 3.7 billion bucks a year of all the garbage that we spend money on, Sesame Street in Iraq and transgender surgeries and just the most insane stuff. We should then pump this up even more.
And again, imagine being raised in a country where now you're five, six or seven years old and your parents can then teach you about economics from an ownership standpoint. And what's amazing is a lot of these families have actually a lot. They have no money. Half of our country only has debt. Half. And these kids will be wealthier than their parents. Now, they can't access the money, but they'll be able to say, I have something to live for.
Stable countries need lots of small owners. Aristotle famously said that if you do not have a middle class, your country will disintegrate. When people don't own anything, they want to blow things up. This is going to be in the reconciliation bill. It was proposed yesterday.
Majority of the country cannot get hands on $400 cash in an emergency. To be clear, the parents cannot raid this account. Sorry. The parents cannot go access this thousand bucks to go pay for something. That's not what this is for. 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. I got something for me. I have something that is going to make my future better.
brighter, better. The economics of this are incredible. And then on top of it, just so we are clear, just based on market averages, Brad sent me this, it would be a million dollars by age 55 if you save $750 per year. It's amazing. And then we can challenge all the major philanthropists of the West to
Go give a billion. Go give a billion. For example, Bill and Melinda Gates. Big story in the New York Times over the weekend. Bill Gates and Melinda says, we're done. We're sunsetting our foundation. We got $200 billion. 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. 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.
It's a much better way to do it than funding some racket NGO in the Congo. Go straight to Americans. And again, I cannot reiterate the psychological benefit that this will mean for the nation. You have more market principles when people own stuff.
This is against all the World Economic Forum ambitions. They want young people to own nothing and to be happy. We are the opposite. We're actually saying that a six-month-old is going to own something in this country. And here's something, honestly, we should do. We should go to all the major billionaires across America, I know some of them, and say, hey, 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. Do you see how big this can be?
This could change the entire financial future, especially of a generation that doesn't own anything. And imagine the politics of this. Black America always says, what have you done for me? I will now be able to go on a college campus and say, for every new black kid born in America, real cash for you when you get to age 18. It wasn't the Democrats. It wasn't Joe Biden. They've been promising you stuff for years. Donald Trump is giving you real money by the time you reach age 18. Whoa.
It's big. They're always calling for reparations and all this. Instead, let's just have you guys have ownership. In fact, let's use one of their favorite words, equity. Well, we're giving you guys equity. And by the way, there's a reason why Joe Biden, the Democrats never pushed this. They actually don't want people to own. This is literal equity in the system. Literal co-ownership. You can actually tangibly track it. You can see it go up and see it minorly go down. You'll have a whole generation watching the markets grow.
As if it's their favorite sports team. They'll be competing. They'll be studying. They'll be looking. They'll be viewing. They're shareholders in America. We are creating generational shareholders in America. And I can't give Brad enough credit for pioneering this and President Trump for pushing this forward. This will be a legacy item. They will talk about this the same way that FDR started Social Security. It is one of the best ideas that I've heard. And we're going to make it happen. We're going to turn it into reality.
We've got to keep the pressure on the Republicans to do this. Privacy to loan debt. So many Americans feel stuck and helpless. They are the sponsor of our campus tour. They are great people. You can finally take control of your student loan situation at YRefi.com. That is Y-R-E-F-Y.com. They provide you with a custom loan payment based on your ability to pay. YRefi is not a debt settlement company, and they work with each borrower individually, tailoring each loan to each borrower's specific needs.
situation. You'll not be calling a faceless call center. YRefi can reduce your monthly payment and guarantees interest rates under 6%. YRefi does not care what your credit score is. Go to YRefi.com. That is Y-R-E-F-I.com. So take a look at it right now at YRefi.com. YRefi refinances distressed and defaulted private student loans, which are different from federal loans. They offer a three-minute rate check. So I want you to think right now, maybe you have private student loan debt. Maybe your friend does. Maybe your neighbor.
Got to check it out. Yrefy.com. Y-R-E-F-Y.com. Can you imagine being debt-free and not burdened anymore? Go to Yrefy.com. May not be available in all 50 states. Yrefy.com. Remarkably, the emails are overwhelmingly positive, but it's just amazing how people are trying to find something wrong with this idea. The objections are laughable. You have an entire generation that owns nothing. Their parents don't own anything. It's a great idea to get them
an ownership stake in the nation. When you own stuff, you are de-radicalized. When you own stuff, you care more for your homeland. When you own stuff, you resist socialism. You want to cut off Bernie Sanders and AOC? Ownership. Ownership. Somebody says here, stop the nonsense. Social security was supposed to be in a lockbox. This is not social security. This is something completely different. This is not social security. This is written into law a one-way deposit.
Also, the social security lockbox is a lie. No one ever said that. It was never in law. Social security is just taxes. These are individual investment accounts. So for example, someone says here, Charlie, where does the $1,000 come from? It's a loan from treasury that will be repaid. Someone says here, invest America as a money grab.
So for every kid, a few hedge funds get $1,000 locked up. No, there's no hedge fund. That's not how this works. Someone says, stupid. Wall Street is casino. The house will always win. No, that's actually not true. Like you guys are wrong, actually. You're completely wrong. If you literally buy a stock and do not sell it, you win. Someone says here, but everyone lost money in 2008. Yeah, you lost if you sold. No one told you to sell. 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. Wall Street is actually not, the market is not a casino. It's a casino if you sell and buy. If you just hold and you buy good companies, you do really well. And so, again, it flummoxes me sometimes the emails that we receive.
How you could possibly be against this. But the emails are overwhelmingly positive. So think of it this way. Where do the richest people in the world have their wealth? They largely have it in equities. We now want young people to also have that. Bill Gates is rich because he owns Microsoft and it keeps on going up every single year. And with AI, by the way, this is a great argument. People say, how are we going to share in the AI revolution? This is how these companies are going to get so valuable. Microsoft will be a $10 trillion company in a couple of years.
I'm calling the shot right now. Five years from now in 2030, you guys can play back the tape. Hopefully we're still hosting this program in 2030. Microsoft will be a $10 trillion company. Why do I say that? The AI revolution is going to explode all of these equities. Wouldn't it make sense to have kids be co-owners in NVIDIA and Alphabet and Meta into these IPOs? There are two types of people in the world, asset holders and those without assets. Usually capitalists are the ones that own assets.
And so we have an entire country that owns nothing. This is the best idea that I've heard that is objectively going to work. And someone says, Charlie, we're spending too much money on this. It's $3 billion a year. How about this? We cut the defense budget by $30 billion. How's that sound? We spend nearly a trillion dollars on the Department of Defense. How about we trim that $30 billion? We could pay this 10 times over. This is not a lot of money. It's not. This here will make young people...
care about markets. If you want to keep on seeing the socialist revolution, just have people own nothing. And here's what's amazing. You guys as grandparents and parents can pay into it, which is good for you. You could put into this lockbox and it's good for the market. The market will actually go up because of this. More buyers, less demand. The Dow will go up. This will lower the odds of kids becoming dependent on government entitlements. This will lower the odds of kids
becoming subservient to the state. This will lower the odds of kids becoming socialists because they're stakeholders and they'll ask better questions. They'll say, no, actually, I own some. I have something coming. 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? Hope. Hope. So many young black men, when they are talked to, do not have hope. What's the big deal, man? I'm just going to go join a gang.
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 because when I'm 18, I'm going to do very well.
morale boost to youth who worry about buying a home, a morale boost to a country that needs it desperately. It's in the reconciliation bill. It's called Invest America. It's a simple idea. It is game changing and will make our country a profoundly better place. We've got to make sure the Republican Congress continues to include it and passes it and President Trump will get the win. Thanks so much for listening, everybody. Email us as always, freedom at charliekirk.com. Thanks so much for listening and God bless.
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