Mike & Susan Dell help launch Trump Accounts — FULL

[0:00] Well, thank you very much. It's a very big day because the Trump accounts has turned out to be bigger than anyone ever thought even possible. [0:08] And we had big, big dreams. Today we celebrate our next historic, and that's really what it is, step to ensure every American child has a fair shot at the American dream. [0:21] Today, I'm pleased to announce that every single eligible minor child in America has now been automatically enrolled in a Trump account. [0:32] So last summer, I signed the great, big, beautiful bill delivering the largest tax cuts in American history, and that included in there, approved by Republicans. [0:44] I don't know if we had any Democrat votes. I think not. They don't vote for anything. [0:48] But, including the Trump accounts. And under this program, the U.S. government is automatically creating a tax-free investment account for every child to grow over the course of their lives and to be used to their benefit and for their benefit after they turn 18. [1:07] So, if all goes well, which I think it will, they'll end up being quite rich by the time they're 18 and then 21, and this time goes by. [1:16] I want to thank Secretary of the Treasury, Scott Bessett, Commissioner of the Social Security Administration and CEO of the Internal Revenue Service, Frank Bisignano, and Senator Ted Cruz. [1:28] They've been fantastic, the three of them. Amazing. [1:31] I also want to express my gratitude to an exceptional couple, truly an extraordinary couple, Michael and Susan Dell, who made one of the largest private donations at any time, all time, for anything. [1:46] $6,250,000,000 into the Trump accounts to take care of thousands and thousands of children all over our country. [1:58] And I want to thank also Brad Gerstner, who also donated tens of millions of dollars. Thank you, Brad. Susan, thank you. Michael, wherever you may be. [2:05] He's right here. I was missing you, Michael. I didn't like that. But I just want to thank you. What a job. What a job you've done. And you started it. They started it before it was fashionable. Now it's very fashionable. Everyone's saying good things. [2:23] I'm even hearing Democrat senators stand up and say the Trump accounts is fantastic. I may not like Trump, but I like the Trump accounts. I can't believe it. So it's good. You hear your colleagues. I have not heard anybody speak badly of it. It's pretty amazing. [2:36] Since launching in July, nearly eight million accounts have been created in three months. With today's announcement, we're building on that success by 70 million accounts or children across America. [2:50] And they'll all be enrolled into the Trump accounts. And since July 4th, over $4.5 billion have been deposited in Trump accounts. And much of that has come from very generous Brad, Susan, Michael, and others. Some of the biggest companies in America are giving hundreds of millions of dollars. [3:12] I urge all parents to download the official Trump account app to claim their children's account and begin managing and contributing to it today. It's really amazing. [3:22] It also teaches people a little bit about entrepreneurship and watching and watching your account grow. But very simply, this money is your child's future. And when your child in the old days, your child would hit 18 and there's nothing. [3:38] There's nothing. They don't have any money and now they'll be potentially very rich. Loved ones, churches and generous companies and individuals are all able to contribute funds to these accounts to help get children off to a strong start in life. [3:54] More than 70 companies have committed to Trump accounts and many for hundreds of millions of dollars, including Uber, Intel, Nvidia, Steak and Shake, many, many companies, too many to name. [4:09] I'm calling on all employees all across America to follow their lead and make matching Trump account contributions. It's a benefit for every American worker. It's been incredible. Before launching Trump accounts, 38 percent of Americans did not own a stock. 38 percent. [4:28] Now every member of the next generation will have an investment account and will benefit from our booming economy. [4:35] If we started this when I first came into office, Michael, it would have been great because the markets have gone from, well, we're at an all time high. [4:45] In fact, yesterday we had another all time high. I think it's 84 times now. We're at 84 times since a little bit more than a year and a half. [4:55] We had all time high stock markets. We should have started this. If we started it two years ago, that would have been great. [5:03] But now every member of the next generation will have an investment account and will benefit from this great economy. I guess the greatest economy we've ever had. Definitely. [5:14] Since the election, U.S. stock markets have set all time records and they're going and records in many different fashions instead of American sharing in the misery of communism or whatever it is that out there promoting, which is, you know, I'm watching it all the time. [5:31] The communists, but they say, well, we're really not communists, but their policies are that of a communist socialist. It won't work. And it's been proven over thousands of years by different names. It doesn't work. [5:43] I'd now like to ask Secretary Besant to say a few words, explaining how the claim and this this incredible account works very quickly. [5:53] And then, Frank, I'll ask you to say a few words and Ted, Michael and Susan and Brad. And we can go quickly because everyone knows what's happening with the Trump accounts. [6:04] It's been written about so favorably. It's been so successful. And these beautiful young children are extremely rich. They will. They are now and they will be in the future extremely rich. [6:14] So they have something to look forward to. But this has been a great I think it's a passion of love. [6:21] It's something that we all love doing and we've done it well. And it's far, I think we can say, Brad, far greater than we ever had any dreams of. [6:30] Because now we're talking about many, many millions of people, young people. Thank you very much. Go ahead, please, Scott. [6:36] It's an honor to be here today. And as we create the ownership account for every American family via the Trump accounts, every family, every child deserves to have a piece of the American dream. [6:49] And these Trump accounts are just that child born during President Trump presidency. Treasury will see the accounts with a thousand dollars for children 18 and under. [7:00] We have great philanthropists like Susan Michael, the Brad and many, many others who are putting in substantial gifts that many corporate as the president said, many corporations, many foundations. [7:14] And we think that this is the beginning of the ownership society. I was talking to these great young people earlier. [7:21] They already know about compounding. They understand how the stock market works. They are excited to do it. [7:27] But I think this is going to be a real time financial literacy project. It is the culmination of a lot of hard work for a lot of people. [7:36] Senator Cruz, Brad, the Dells, the president, Frank and Kevin have been great partners. [7:44] And we are looking forward to administering this at Treasury and to watch these accounts grow. [7:49] And by the way, I didn't introduce the man here, the most important president. He's been predicting this great economy. [7:55] I'm very I apologize to you, Kevin. I didn't introduce you. I could say a couple of words before Frank. Go ahead. [8:00] Sir, I just want to say that this is something that this team and you prioritize from the beginning because these kids we were just talking and they're so excited about it. [8:12] And to learn that each one of them owns a share in one of the biggest 500 companies in America means that they understand that, you know, when the US wins, they win too. [8:24] And that's something that hasn't always been an obvious to our political. Thank you. [8:30] You're doing a great job, Kevin. Thank you. Thank you, sir. [8:34] And thank you, President, for giving us the opportunity to serve here. [8:38] I'm blessed and honored with people who are around who made this happen. [8:44] These are founders. And right now, to give American understanding of where we are, as we speak, more than 10 million accounts out of 70 million are already funded with four and a half billion dollars. [9:01] By this weekend, you will see that move to seven billion dollars with more than 25 million. [9:09] That's 25 million American children who now have a piece of capitalism, one of the ground breaking startups of all time. [9:21] This is a startup that will have 70 million children in it all receiving money. Right. [9:30] And we will communicate with every one of them. Right. [9:33] We have access to every family in America. [9:36] And we will make sure they know the piece that they have of capitalism that many would have never seen before without the great work of the president, the great work of the secretary. [9:50] That my friend for a super long time. And it's an unbelievable honor to be here with the Michael Dell and Susan who have have founded this as seed money for this startup. [10:04] Brad is an innovator here. Kevin driving it. Senator Cruz. [10:10] I think it's really important for people to understand that every American child will hear from us to ensure they see their account. [10:20] If you want to go look at it right now, you could go to the app store and see it there. Right. [10:26] It is right now in the app store outperforming everything. [10:31] This is the president Trump's innovation at work fighting for American children. [10:39] Has he always had? And we're winning. God bless. Thank you. [10:43] Thank you, Frank. And I have to say that Frank took the biggest salary cut perhaps of all time. [10:49] He ran one of the very big, great companies and he was paid like 35 million a year. [10:55] And now we're paying him 175,000 a year. Would you say that's good, Peter? [10:59] It's good for you. [11:01] But he wanted the job. You know why? Because he loves the country. [11:05] But he he may have. Well, I don't know. Maybe there's somebody out there. [11:08] But to the best of my knowledge, you took the biggest salary cut in history. [11:12] I thought I made more than 200. I thought I made more than 200,000. [11:15] Yeah. I wanted to keep it below the 200. A lot of people think 200 is a lot. [11:20] I wanted to keep it a little bit below. Anyway, Ted, please. [11:25] Mr. President, congratulations. This is unquestionably going to be one of the biggest parts of your legacy as president. [11:32] And on July 4th, the Trump accounts were launched, our nation's 250th birthday. [11:40] It's a big, big deal. And today it is a massive day that your administration is opening a personal investment account for every single kid in America. [11:50] Over 70 million kids. Every mom and dad out there. Your child now has a personal investment account. [11:56] The Treasury Department has set up for you. And that personal investment account, if you have a newborn baby, [12:01] $1,000 has already been invested in that account that goes straight to the stock market. [12:07] And we also have incredibly generous philanthropists, Michael and Susan, $6.25 billion. [12:15] They've given $250 to 25 million kids across America. We have these kids here, 6th and 7th graders. [12:25] You guys now, each of you has an investment account. And you're going to be owners. [12:30] You guys now own part of Apple. You own part of Dell Computers. You own part of McDonald's. [12:35] Next time you go order a Big Mac, you should walk in and say, look, I own the place. [12:40] That is powerful. And what's amazing is that you start investing. [12:44] And if you keep investing and it grows and you leave it in there and keep investing and your family keeps investing, [12:51] as you get older, you will get hundreds of thousands. And if you keep investing literally millions of dollars in these accounts, [12:58] you are owners, which is a big, big deal. And I'll tell you what's cool. [13:03] Your administration designed the app. It's a beautiful app you can download from the Trump account store. [13:10] But it makes it really easy for anyone to contribute to your account. [13:15] You have a little QR code that you could send your next birthday party. [13:19] You know, your Aunt Susie might get you an ugly sweater. [13:22] And you might say to Aunt Susie, instead of the ugly sweater, how about put 50 bucks in my Trump account? [13:29] And you can pull it up on your phone and look at it and see it growing. [13:33] And we are creating a whole new generation of capitalists. [13:37] And I want to say your team, Scott and Frank and Kevin, have done an extraordinary job bird-dogging this. [13:44] And today is an historic moment of legacy for every kid in America. [13:49] You know, I wanted to ride with Social Security being fully invested in the stock market in the first month of my first year. [14:00] So 2016. Had we done that, Social Security would right now be the richest entity anywhere in the world had we done that. [14:08] But I was met with tremendous criticism by the Democrats and some Republicans because, you know, they felt it was risky. [14:17] But had we done that, because literally, if you look back, you'll see I wanted to do it so badly. [14:24] I just felt the country had such upward potential. [14:27] And we didn't do that. [14:29] Can you imagine if we did? [14:30] People wouldn't be talking about Social Security difficulty. [14:34] But it would have been great. [14:36] But what we're doing, in a way, is we're doing a version of it with children, with young children. [14:43] And they're going to be riding the markets, and it's going to be a great thing for them to watch. [14:48] So it's great. [14:49] Michael and Susan, please. [14:51] Well, thank you, Mr. President. [14:52] It's a great honor for us to be back here in the White House. [14:55] You know, I started a company, Dell Technologies, with $1,000. [15:00] And in America, small beginnings can become extraordinary things. [15:05] And that's why we came here last year, and we committed to children in America that we were going to contribute $6.25 billion, $250 to 25 million Trump accounts for children in America. [15:23] And I'm very pleased to let you know today that we have funded $10 million of those accounts as of this morning. [15:32] And by the end of this week, we will have funded $25 million of those accounts, fulfilling the promise that we made to American children late last year. [15:41] Now, $250 is just the beginning. [15:46] If you have a child under 18 with a Social Security number, you should claim their account. [15:52] If you can add to the account, you should add to the account. [15:55] And you should teach your children about compounding, about investing, and about the benefits of capitalism. [16:04] These children will grow up as owners. [16:06] They will also be the generation that creates the next great companies and innovations in our country. [16:13] And now we have 25 million children as owners. [16:23] We've invested in their future, and we've invested in America's future. [16:27] And we're so excited to see what they build. [16:30] Thank you. [16:32] Susan, do you have anything? [16:33] Over the past month, as our contribution has reached millions of children's accounts, Michael and I have heard from so many parents and kids and grandparents with these beautiful letters that have truly moved us. [16:53] Children have told us that they want to become entrepreneurs. [16:58] They want to become nurses, doctors, engineers. [17:02] They want to build their own companies someday. [17:05] We've heard from parents and grandparents who've shared what it means to them to know that there is an investment in their child's future. [17:16] These things are so wonderful and so important. [17:22] It's, you know, it's not just the money that matters. [17:27] That does matter. [17:29] But knowing that someone believes in you and your future, that matters just as much. [17:36] So to every child across the country, these accounts are for you. [17:44] We believe in you. [17:47] And we want you to dream big because we know you can make your dreams come true. [17:53] So parents and grandparents, please claim your child's account. [17:59] These accounts are ready. [18:01] They're waiting for you. [18:02] And they have money in them. [18:03] So claim your child's accounts and start adding money to their accounts and preserving a wonderful future for them. [18:12] What a good job. [18:14] Michael, is she thinking about running for office? [18:18] No. [18:19] Because I'll endorse her immediately. [18:21] She has my complete and total endorsement. [18:24] Good job. [18:25] Thank you both. [18:26] Appreciate it very much. [18:27] Brad, please. [18:28] Well, sir, what an extraordinary day for the country. [18:32] I don't think it's an overstatement to say that this is the biggest transformation in the social contract and the social fabric of America for these kids since 1935 when Social Security was passed. [18:45] Every single child in this country forevermore, not for the next four years, forevermore will start off life with an investment account and they are going to compound as shareholders in the upside of America. [18:59] Every Republican district in the country, every Democrat district in the country, every state, city block, rural road. [19:07] I grew up in rural Indiana. [19:09] Every one of those kids who felt left out and left behind by the prosperity of America. [19:15] You said to us, sir, the Main Street agenda is we have to get everybody into the game to share in the upside of the country. [19:23] They said it couldn't be done. [19:25] You can't possibly create 70 million accounts automatically for every child in the country. [19:31] We persevered. [19:32] And today is the day we mark the celebration. [19:35] 70 million accounts. [19:37] And by the end of this week, over 25 million accounts funded $250 and all that money compounding in the upside of the country and the S&P 500. [19:48] And it's not just that. [19:50] Moms and dads are going wild with these QR codes. [19:54] We have hundreds of millions of dollars, $10, $5, $50 at a time being contributed into these accounts. [20:01] And when the money goes in on a Monday, by Tuesday, it's invested in the S&P 500 compounding in the upside of America. [20:08] We have so many companies that want to participate. [20:10] It's hard to keep up. [20:11] Not just the largest companies in America. [20:14] I'm talking realtors and restaurants, landscapers and contractors. [20:18] They want to adopt their little leagues, their schools, the Boys and Girls Club like we did in Philly or Newark. [20:24] Everybody wants to get involved in helping these kids compound into the next generation. [20:29] Then, of course, philanthropists. [20:31] And Michael and Susan set the bar for what it means to give back in this country. [20:36] No foundation in the middle taking a scrape. [20:39] A one-page donor agreement. [20:41] You wire your money to the Treasury of the United States and they send it out to all the kids. [20:46] And the list of philanthropists who want to adopt zip codes across America, in Texas, in Indiana, in California, is extraordinarily long adopting cities and zip codes. [20:57] Today is the day. [20:58] Every child, forevermore, will be a shareholder in this country. [21:01] It would not have happened without your leadership. [21:03] So, thank you very much. [21:04] Absolutely. [21:05] Thank you all. [21:06] Thank you. [21:07] Great honor. [21:08] It's a great honor. [21:09] Do you have coins yet? [21:11] Did you get a coin? [21:12] Come on over here. [21:13] Come on over here. [21:14] This is what everybody wants. [21:15] They want this. [21:16] Unless you don't want it. [21:17] Would you like that? [21:18] A collector's item. [21:19] A collector's item. [21:20] Would you like it? [21:21] I would. [21:22] Take a pen. [21:23] Thank you so much. [21:24] All right. [21:25] Thank you so much. [21:26] Thank you. [21:27] Come on over here. [21:28] How do you like that? [21:29] You know what that is? [21:30] An eagle. [21:31] Eagle. [21:32] You okay? [21:34] You take that, too. [21:35] We'll make sure you all get it. [21:36] Come on over here, everybody. [21:37] Come on over here. [21:38] I think it's great, right? [21:40] Come on over. [21:41] Whoever didn't get it. [21:42] Okay? [21:43] Enjoy it. [21:44] Come on over. [21:45] Nice to see you. [21:46] It's good, right? [21:48] It's a nice one, right? [21:51] Even the grown-ups, they're back there. [21:52] They don't want Frankenstein. [21:54] Where am I going? [21:56] You got a couple of them. [21:59] Another day. [22:03] Another day, another coin. [22:05] Here you go. [22:06] Okay? [22:07] Anybody didn't get? [22:08] You got them? [22:09] Okay. [22:10] That's great. [22:11] Thank you all very much. [22:12] You stand up. [22:13] Stay there. [22:15] You're so good-looking. [22:16] Stay there. [22:17] The press will. [22:19] They can admire you. [22:20] It's the way they used to look. [22:21] Who is this White House. [22:22] Have you got Trump Lawyer on This, trying to sue? [22:23] Yes. [22:24] On Facebook? [22:25] Thank you. [22:26] I agree. [22:27] Come on over here. [22:28] Show the Congress of