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Ted Cruz

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
3181 total appearances

Appearances Over Time

Podcast Appearances

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

And one of the things about compound growth that you know is the earlier you invest, the bigger it grows.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

And that's one of the things that's really powerful is starting...

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

You know, if someone starts saving at age 40 or 50 or 60... You're so far behind.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

Yeah, they don't have a long enough time horizon for it to really grow into big, big numbers.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

If you start at age zero, that gives a long time for that growth to compound.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

That's really powerful.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

Yeah, and look, $5,000 a year is about $100 a week.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

And so that can come from a parent, come from another family member.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

But the other accelerant that's really powerful is we wrote this so that it could accept charitable gifts.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

So as you know, Michael and Susan Dell are giving $6.25 billion.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

They're giving $250 to every child under 10.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

who lives in a zip code where the median income is $150,000 or less.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

That is a massive contribution.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

Brad Gerstner, who came up with the idea for the Trump accounts and who was my partner in getting this done, and we worked hand in hand.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

Brad has announced he's doing the same thing for the state of Indiana.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

So cool.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

$250 for every kid under five, but it's going to be about $250 million that he's giving.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

And same thing targeted for kids in zip codes with immediate income is $150,000 or less.

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

I think you're going to see lots of people doing charitable contributions

Verdict with Ted Cruz
Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

That is really, really powerful, and it's something President Trump is encouraging.