News

Make every child a trust fund baby

The News and Observer, Thursday, January 18, 2018
In 2015, more than half of American households had negative or zero savings. For households with incomes less than $40,000 per annum, 68 percent spent more than or the equivalent of their incomes. That proportion fell to 44 percent for households with incomes between $40,000 and $100,000, and... Read More »

Sips of History: Martin Luther King, Jr. & the Coca-Cola Co.

Neat Pour, Monday, January 15, 2018
Allen and Austin gathered the town’s business brahmins for a meeting at the Piedmont Driving Club. Austin addressed the crowd, issuing a scathing ultimatum: support this gala or Coke is moving. “It is embarrassing for Coca-Cola to be located in a city that refuses to honor its Nobel Prize winner,”... Read More »

King’s remaining college classmates remember the young leader

The Atlanta Journal-Constitution, Monday, January 15, 2018
Many of King’s classmates embarked on groundbreaking careers themselves. Willie, for example, was the first African-American professor at Syracuse University, was appointed by President Jimmy Carter to the President’s Commission on Mental Health and is a professor emeritus at Harvard University.... Read More »

Instead of Work Requirements, Why Not a Jobs Guarantee?

The Atlantic, Sunday, January 14, 2018
The body of evidence suggests that another policy would do a much better job at making Medicaid a more robust all-purpose poverty program, a goal that CMS says it wants to accomplish: a jobs guarantee, perhaps accompanied by a basic income for enrollees. Scholars such as William Darity of Duke... Read More »

This Plan to Give Infants $20,000 Could Put a Dent in Income Inequality

, Friday, January 12, 2018
Two economists have a plan for reducing the US’s rampant income equality problem, one that would create a $20,000-$60,000 ‘baby bond’ for all children born in the US, for use after their 18th birthday. While this is already done at a much lower £500 ($684.48) price point in England, the plan could... Read More »

This proposal would give an average of $20,000 to every baby born in the U.S.

The Kansas City Star, Thursday, January 11, 2018
Two economists have a proposal that they say would help to lessen income inequality in the United States: Give every baby thousands of dollars when they’re born. The proposal was presented by Darrick Hamilton of the New School and William Darity of Duke University at a conference held last... Read More »

Professors Suggest 'Baby Bonds' Could Fix Widening Inequality In The U.S.

KUER 90.1 Radio, Thursday, January 11, 2018
What if every baby born in the United States was a trust fund baby? That's what two economics professors are proposing, that Uncle Sam provide each American newborn with a trust fund. The amount would vary depending on the parent's wealth, with an average of about $20,000. NPR's John Ydstie reports... Read More »

Some economists want the US government to put up to $50,000 in 'Baby Bond' bank accounts

Business Insider, Thursday, January 11, 2018
Darrick Hamilton and William Darity have a thought-provoking way to help families pay for college: Give every baby between $500 and $50,000 at the time they are born. Hamilton and Darity, both economists, say these "Baby Bond" accounts could go a long way toward reducing inequality in the US, where... Read More »

Washington Post cites proposal by former visiting scholar William Darity and coauthor Darrick Hamilton for payment of "baby bonds” of $20K as means of reducing inequality.

Russell Sage Foundation, Wednesday, January 10, 2018
Washington Post cites proposal by former visiting scholar William Darity and coauthor Darrick Hamilton for payment of "baby bonds” of $20K as means of reducing inequality.   Source:  Washington Post cites proposal by former visiting scholar William Darity and coauthor Darrick... Read More »

How Baby Bonds Are Aiming To Level The Playing Field (And Give Your Kid $50,000)

The Bump, Wednesday, January 10, 2018
What if, upon turning 18, your child had up to $50,000 waiting for her, completely separate from any financial assistance you may be able to provide? College becomes a reality for students who didn’t think it was. Being able to make a down payment on a home allows them to plant their own roots.... Read More »

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