Show notes
Brad Gerstner, Founder of Invest America, on scaling Trump Accounts with Michael Dell:“We forecast that within the next 10 years, we will have $4 trillion in Trump Accounts.”“This is $4 trillion of wealth transfer to kids who would've otherwise had zero, who feel like they're totally out of the game.”Stats:› 70M U.S. kids under 18 is the goal› $6.25B committed by Michael & Susan Dell to fund $250 investment account deposits for 25 million U.S. children aged 10 & under› Up to $100M personally pledged by Brad for children in Indiana› $4T in Trump Accounts within 10 years, Brad forecasts› $1,000 federal seed for eligible newbornsMolly on X: https://x.com/MollySOSheaBrad Gerstner on X: https://x.com/altcapBrought to you by:Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, and travel. As a Sourcery subscriber you get: 75,000 points after spending $3,000 on Brex card(s). Plus, white-glove onboarding, $5,000 in AWS credits, $2,500 in OpenAI credits, and access to $180k+ in SaaS discounts. On top of $500 toward Brex travel, $300 in cashback, plus exclusive perks (like billboards..) visit → brex.com/sourceryFollow Sourcery for the latest updates! https://www.sourcery.vc/TIMESTAMPS:(00:00) Putting $150 Into a Trump Account(02:53) How Trump Accounts Work(03:08) Building Invest America(03:25) Scaling From 9M to 70M Accounts(03:43) Brad Gerstner & Michael Dell’s Contributions(04:01) Forecasting $4T in Trump Accounts(05:06) From Idea to Federal Law(05:25) The “IPO” & Scaling to 70M Accounts(06:31) Teaching 750K Kids Financial Literacy(07:12) The Power of Compounding(07:51) The Pushback on Trump Accounts(08:07) Bipartisan Support(08:47) Taking the Idea to President Trump(09:21) “The Giving Pledge 2.0”(10:22) Brad’s AI Safety Take(10:40) Elon, Dario & Jensen on AI Risk(11:14) A New Consensus on AI Safety(11:31) China & AI Peer Review(11:48) Finding the “Commonsensical Middle Way”
