Cory Booker Proposes Giving Poor Children $50,000

[Straight Shooter]

America has a massive, growing racial wealth gap. The median white family today holds nearly 10 times the wealth of the median black family.

Sen. Cory Booker (D-NJ) is introducing a bill aimed at closing that gap. His idea is to give lower-income kids a sizable nest egg (nearly $50,000 in some cases) that they could use for wealth-building purchases, like a down payment on a house or college tuition.

These “opportunity accounts” would, theoretically, make sure all children have significant assets when they enter adulthood, rather than just those who grow up in wealthier homes.

“It would be a dramatic change in our country to have low-income people break out of generational poverty,” Booker said in an interview with Vox. “We could rapidly bring security into those families’ lives, and that is really exciting to me.”

Similar ideas have swirled around think tanks since the early 2000s, but Booker appears to be the first high-profile senator to introduce legislation to create such a program. As possible 2020 presidential nominees like Booker begin to unveil ambitious policy ideas — like Sen. Bernie Sanders’s (I-VT) Medicare-for-all plan or Kamala Harris’s (D-CA) new cash assistance plan — Booker appears ready to focus on racial inequality in America, and how to solve it.

https://www.vox.com/policy-and-politics/2018/10/22/17999558/cory-booker-baby-bonds

Interesting. I like this proposal more than Harris' proposal.

#StraightShooter

 

[Ace Boobtoucher]

Where would this fucking stupid amount of money come from? Thin air? Does it grow on trees? Does the federal government have access to leprechaun technology? This bullshit redistribution scheme is nothing more than a ploy to gain accolades from weak-minded turds. This is a country of equal opportunity, not equal outcome. That guy is 1/1024th Spartacus.

No country has ever taxed itself into prosperity.

 

[georges]

Where would this fucking stupid amount of money come from? Thin air? Does it grow on trees? Does the federal government have access to leprechaun technology? This bullshit redistribution scheme is nothing more than a ploy to gain accolades from weak-minded turds. This is a country of equal opportunity, not equal outcome. That guy is 1/1024th Spartacus.

No country has ever taxed itself into prosperity.

Corey Booker is an Obama muppet trashbag that already put his state into the ground, he wants to implement a derivative of the french unwilling to work parasites assisting socialist system in the USA,that will never happen. USA is a country for those who work hard not for the lazy.