Giving Tuesday Goes Big as Trump Accounts Aim to Transform Generational Wealth
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 3 December 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
1. Trump Accounts Initiative
- Announcement: President Trump introduces “Trump Accounts,” a savings and investment program for children.
- Historic Donation: Michael and Susan Dell pledge $6.25 billion, giving $250 each to 25 million U.S. children.
- Purpose: To encourage early investing, financial literacy, and wealth-building for future generations.
- Structure: Accounts will be private property, controlled by guardians, and track the stock market. Federal government will also contribute $1,000 per newborn.
- Impact: Framed as transformative for middle- and lower-income families, potentially changing the country’s financial culture in one generation.
2. Tariff Revenue and Tax Reform
- Trump claims tariff revenues will become so substantial that income tax could be abolished or drastically reduced.
- Plans include:
- Sending $2,000 checks to most Americans before the 2026 midterms.
- Using tariffs to fund government operations instead of income tax.
- Political Pushback: Some Republicans argue funds should reduce national debt rather than fund stimulus checks.
Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and Verdict with Ted Cruz Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening
X: https://x.com/benfergusonshow
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is an I-Heart podcast. |
| 0:02.3 | Guaranteed Human. |
| 0:05.4 | President Donald Trump announcing a $6.25 billion donation from Michael and Susan Dell to fund what |
| 0:17.1 | are now being referred to as the Trump accounts. |
| 0:20.2 | Now, Michael and Susan Dell on Tuesday, on giving Tuesday, |
| 0:24.3 | said that they would make this donation to these Trump accounts, |
| 0:28.0 | giving $250 a piece to 25 million U.S. children. |
| 0:35.4 | Now, what is this all about? |
| 0:37.3 | Well, Senator Cruz came up with this idea to have |
| 0:42.0 | savings accounts, basically retirement accounts, investment accounts for children in America. |
| 0:49.4 | President Trump loved the idea and turn it into what he describes as the Trump accounts. |
| 0:55.1 | This is not a Social Security type account. |
| 0:58.6 | This is actual money that would be put in the name of newborn children and young Americans |
| 1:03.4 | and then would allow them to invest and to grow these accounts over time, |
| 1:09.9 | something that many Americans feel intimidated by. |
| 1:13.4 | Statistics show that far too many Americans believe that you can't invest until you have a significant amount of money. |
| 1:21.1 | So many of them do not invest. |
| 1:23.9 | There's also people that worry about not having enough money and people making fun of them |
| 1:27.9 | or feeling inadequate when they would go in to set up an investment account. |
| 1:31.8 | This is to take away all of that fear and to empower a new generation to understand that |
| 1:38.5 | investing is important and you can watch your money grow over time so that you can retire |
| 1:43.4 | with confidence one day and understand that maybe instead of buying something you can watch your money grow over time so that you can retire with confidence one day. |
... |
Transcript will be available on the free plan in 23 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from iHeartPodcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of iHeartPodcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.