There we go winning is the way to go absolutely man all right we're gonna take a break for a second

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let's get back to the show. Problem is the people who are able to participate in that right now are the ones who have excess capital that in the short run can stomach the risk of the market volatility. That is, if you wanted to pick, there's many sources of American inequality, but if you wanted to get to the root of it, you to pick one thing, it's compound interest. That's the ball game. So

actually

you have a generation of people who don't participate in that who end up being skeptical of capitalism. So in a certain sense, what you're doing here is you are cultivating a generation of Americans who win through capitalism. So when they graduated at the age of 18, compound interest through the success of the stock market and capitalism is no longer a source of bruised salt on a wound, of envy of somebody else's success, but the success that allowed you to have a quarter million dollar nest egg to be able to get a head start in the American dream. And they believe in America more. It does not take a lot of money i mean in terms of that we're talking about percentage of the federal budget percentage of savings of waste from the federal budget invested in this it's tiny it's like it's like infinitesimally small fraction but then you'll have a bunch of loan

shark businesses like oh access your money now with this huge interest rate when you turn 18 i think you shouldn't be able to

do that so i think and here i'm a libertarian, generally libertarian-oriented instincts when it comes to adults. Kids are not the same as adults. So if you put that in the bank account of a kid at four months old or at one month old or on the day of his birth, it has to be fully invested in the diversified stock market over a period of 18 years. When he's 18 years old, he gets it out. I would make it tax free.