Invest in Children and Equality: Hand Out Baby Bonds
Government-financed savings accounts for needy children would open doors to college and home ownership and narrow a yawning racial wealth gap.
There’s another way to show the love.
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A consensus is emerging around an idea Americans used to scorn: That government cash payments are a good way to help struggling citizens and give the economy a boost.
President Joe Biden's $1.9 trillion pandemic relief law is on its way to giving 159 million households $1,400 or more apiece, no strings attached. Some localities are experimenting with universal basic income plans, and politicians are finding them popular enough to advocate their expansion.