Listen now | Nearly half of all Americans don't have investment accounts. Financial literacy is the exception, not the norm, in most households. Is it no wonder that so many young Americans distrust capitalism and misunderstand wealth creation? Brad Gerstner is stepping up with a solution: a legislative program called
This would be a great initiative to promote capitalism weren't it for the proposal to have the Treasury fund it, which would violate the fundamentals of capitalism. Instead, find private charitable individuals and organizations that agree to fund it voluntarily. That would be truly consistent with capitalism where the marketplace finds solutions without using the force of government. Warren Buffett, who has pledged to give away his fortune, would probably be able to fund the first 20 years by himself. Cheers!