Shaan Puri: A $2,500 compounded birth dividend is a superior policy to UBI.
Shaan Puri · How Celebrities Have Made Billions off Their Names | My First Million #210 · Aug 18, 2021 · at 43:49
Shaan Puri and Sam Parr discuss alternative wealth-building mechanisms and capital compounding for young adults.
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“I do think this other idea I heard was better, which was what if you got a birth dividend? So let's say every U S citizen, when you're born the government or whoever puts 2500 dollars in your account. Could be 2500 or 5000 dollars, something like that. So from age zero to, and you can't touch it till you're 21. So age zero to 21, you have this thing compounding, and if something's compounding over 21 years, it's going to, you know, double probably at least, I think three times, so three to four times, and so, you know, everybody walking out at 21 years old would have 15 to 21, 20,000 dollars Ready for them to do whatever they want as a cushion for life, as a way to start something, as a way to fund a creative pursuit, if they want to be an artist or whatever. And I thought that was a pretty powerful idea and like a great sort of one-time bonus for every citizen.”
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