Invest America: A 401(k) for Every Newborn
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 14 May 2025
⏱️ 49 minutes
🧾️ Download transcript
Summary
🔑 Invest America Initiative
- Core Idea: Automatically create an investment account for every newborn in the U.S., seeded with $1,000 from the government.
- Contribution Cap: Up to $5,000 per year can be added to the account in a tax-advantaged way by family, friends, employers, or philanthropists.
- Investment Strategy: Funds would be invested in broad market instruments like ETFs or mutual funds tied to the S&P 500.
- Goal: To promote financial literacy, economic mobility, and long-term wealth accumulation for all children, regardless of socioeconomic background.
🧠 Key Arguments in Favor
- Compound Growth: Starting at birth allows for decades of compounding, potentially resulting in hundreds of thousands of dollars by adulthood.
- Capitalist Mindset: Encourages children to become stakeholders in the economy, fostering a pro-capitalist outlook.
- Bipartisan Appeal: Though led by Republicans, the initiative has conceptual overlap with Democratic proposals like Cory Booker's "baby bonds."
- Private Sector Support: Backed by major CEOs and companies, with commitments to contribute to employee children's accounts.
- Philanthropic Potential: Wealthy individuals and foundations could match or supplement contributions, especially for low-income families.
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Transcript
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| 0:00.0 | You're listening to an IHeart podcast. |
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| 0:15.8 | Yeah, I don't fit into one specific hole. |
| 0:18.1 | I think that is what endeared me to listeners. That's why I'm here now, |
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| 0:32.9 | radio app, Apple Podcasts, or wherever you get your podcast. In the fall of 1986, Ronald Reagan found himself at the center of a massive scandal |
| 0:42.2 | that looked like it might bring down his presidency. |
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| 1:04.3 | To hear the whole story, listen to Fiasco, Iran-Contra on the I-Heart Radio app, Apple Podcasts, or wherever you get your podcasts. I believe it is God's job to sit in judgment, my job to defend America, and to promote the fundamental |
| 1:16.0 | interest of stability, prosperity, and peace. That's what I really want to do. |
| 1:20.9 | You're listening to the 47 morning update with Ben Ferguson. |
| 1:24.5 | Good Wednesday morning, Ben Ferguson with you. It's so nice to have you on the 47 |
| 1:28.3 | morning update, and today's show is going to be a little bit different than normal. Why? We're |
| 1:34.8 | talking about a transformative idea. The Invest America 401K accounts for every newborn child in America. |
| 1:45.1 | It's also being called MAGA accounts, |
| 1:48.1 | and it could fundamentally change the way this country, |
| 1:52.3 | and it could fundamentally change the way that American children grow up. |
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