Baby bonds
Baby bonds are a proposed government policy in which every child would get at birth a publicly funded trust account, with more generous funding for lower-income families.[1] In the United States, a scheme in which the bonds were worth 50,000 USD by the time the children turned 18 would cut the wealth disparity between white and black young Americans from 16:1 to 1.4:1, and cost about 80 billion dollars.[1] Baby bonds have been supported by Cory Booker.[1]
References
- "Segregation still blights the lives of African-Americans". The Economist. ISSN 0013-0613. Retrieved 2020-07-12.
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