The American Dream Is FADING

The American dream's been slipping away. If you were born the year my mother was born, which is the end of World War II, you had a 90% shot of coming out economically ahead of your parents. If you were born when I was born in the early 80s, that was like 50-50, coin flip. And I think for a new generation, it might be worse than that. So there's a lot of things we got to do about that. But if one of them is to make sure people just start out owning more, if people are participating, including in this huge wealth that maybe is about to be created by AI. And by the way, the American taxpayer did fund the invention of the internet. So to me, there's something philosophically fair about this too. If these firms are making huge amounts of money, having benefited, yes, from their own creativity, but also from public investment, then we should make sure some of those returns are getting out to people.