Vivek Ramaswamy
๐ค SpeakerAppearances Over Time
Podcast Appearances
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 need to pick one thing. It's compound interest. That's the ballgame. 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, right? So when they graduated at the age of 18,
So in a certain sense, what you're doing here is you are cultivating a generation of Americans who win through capitalism, right? So when they graduated at the age of 18,
So in a certain sense, what you're doing here is you are cultivating a generation of Americans who win through capitalism, right? 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 it does not take a lot of money i mean in terms of we're talking about percentage of the federal budget percentage of savings of waste from the federal budget invested in this
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 it does not take a lot of money i mean in terms of we're talking about percentage of the federal budget percentage of savings of waste from the federal budget invested in this
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 it does not take a lot of money i mean in terms of we're talking about percentage of the federal budget percentage of savings of waste from the federal budget invested in this
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 and when you turn 18 i think you shouldn't be able to do that so i think in in here i'm a libertarian generally libertarian oriented instincts when it comes to adults kids are not the same as adults yeah so if you put that 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
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 and when you turn 18 i think you shouldn't be able to do that so i think in in here i'm a libertarian generally libertarian oriented instincts when it comes to adults kids are not the same as adults yeah so if you put that 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
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 and when you turn 18 i think you shouldn't be able to do that so i think in in here i'm a libertarian generally libertarian oriented instincts when it comes to adults kids are not the same as adults yeah so if you put that 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. That is a down payment on preserving American capitalism. I have a lot of ideas like this.
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. That is a down payment on preserving American capitalism. I have a lot of ideas like this.
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. That is a down payment on preserving American capitalism. I have a lot of ideas like this.
And by the way, this is not even my idea. Other people have had these ideas. But what we really need is people in office who are willing to think outside the box to be able to advance a vision for the good of all Americans, embracing capitalism rather than... Because what happens then when the kid graduates at 18, but the other guy...
And by the way, this is not even my idea. Other people have had these ideas. But what we really need is people in office who are willing to think outside the box to be able to advance a vision for the good of all Americans, embracing capitalism rather than... Because what happens then when the kid graduates at 18, but the other guy...
And by the way, this is not even my idea. Other people have had these ideas. But what we really need is people in office who are willing to think outside the box to be able to advance a vision for the good of all Americans, embracing capitalism rather than... Because what happens then when the kid graduates at 18, but the other guy...
had his parents contributing to his Roth IRA, 15 grand a year, that graduates with that versus not, he's going to have hostility towards capitalism. Of course, why would he not? He's going to be jaded. He's going to be naturally envious.
had his parents contributing to his Roth IRA, 15 grand a year, that graduates with that versus not, he's going to have hostility towards capitalism. Of course, why would he not? He's going to be jaded. He's going to be naturally envious.
had his parents contributing to his Roth IRA, 15 grand a year, that graduates with that versus not, he's going to have hostility towards capitalism. Of course, why would he not? He's going to be jaded. He's going to be naturally envious.
And then, you know, I'm not saying that there isn't CEO overpay, because we talked about the structural reasons why there is, but then you look at that as the root cause of the problem, rather than the fact that...