[The_Media_never_lie]

I really didn't think things would continue to keep getting crazier, but this article is proof indeed they are.

[goodnesswins]

Race Race Race Race Race Race Race Race

[lepton]

It would seem to be the cheapest of the ideas floating around out there.

Though one should expect to simply move on to adding the next.

And large amounts of free money couldn’t possibly have negative results. /s

[j.havenfarm]

Don’t worry. It’s a “trust fund” so that means it’s fiscally sound /s

[gunnut]

Ummm….if this is about closing a gap, how does giving each baby the same $1000? Not saying that they should only give to certain kids but if the gap is the issue that is not going to change. Clearly these people don’t understand math and economics.

[CDB]

Why not $100,000? $1 million? $100 million?

[A_Former_Democrat]

Gee, They are already getting 2 to 3000 every year in child tax credit and then the ones who actually bothered to work get thousands more in earned income tax credit

Let’s just have the people who have kids just don’t pay any taxes at all how’s that

[Regulator]

The tidal wave of people heading over the border to get that cash for their bambinos will make the Phuket wave look like a splash.

[JohnBrowdie]

abortion rates just crashed.

[Theo]

“... Black and white families ...”

Um. Why is Black capitalized and white is not capitalized?

[TomGuy]

creates a federally funded trust fund account

And politicians will have their hands on the key to the lockbox -- to make sure they, the politicians, can access the funds when they need the money.

[Michael.SF.]

every newborn baby in the U.S.

wait a minute there. If a baby, born of US citizens is born abroad, they don’t get the ten C notes?

I smell a law suit brewing.

[blueplum]

how about a zero dollar plan

direct deposit banks to withhold $5 a month from AFDC recipients and put that into a fund? Over two years, that’s more than $1,000. Since banks profit from an increase in liquid capital that can be lended at interest, there should be no cost to the govt or the AFDC recipient.

[Michael.SF.]

every newborn baby in the U.S.

wait a minute there. If a baby, born of US citizens is born abroad, they don’t get the ten C notes?

I smell a law suit brewing.

[ThunderSleeps]

I identify as a newborn...

[KarlInOhio]

Here's the fiscal funny business part. In addition to the initial $1000 at birth, there is an additional yearly payment depending on income. The video showed

Income. Annual payment. Total at 18
Up to $25,100        2,000.       46,215
31,375.       1,500.        35,081
43,925.        1,000.        23,948
56,475.        500.        12,185
81,575.        250.        7,248
125,751.        0.        1,681

The interest rate is about 2.9%.

Now combine this baby bond with the $67,600 debt the child is born with.

[DannyTN]

This actually could be a good idea. My parents gave each of my kids $1000 when they were born. My daughter's was invested in Exxon and is worth $8000. My son's was put into a mutual fund and is worth $4000. They both went to undergrad on full tuition scholarships. So neither has touched theirs. My daughter's is in just a plain stock account. My son's is in an education account where he will get penalized if it's not used for education.

3.5 million babies were born in the US last year. So $60 billion must be looking out for 10 years. As it would be 3.5 billion plus admin costs per year.

Either they are expecting a baby boom or some expensive bundlers will be administering this thing.

Questions:

1. Are they going to put this into an investment account of some form? Or treasuries?
2. And who gets to decide the investment policy if not treasuries? Index funds?
3. Do they have to do anything to get it?
4. Will they get a lump sum or distributions?
5. Can they not take a distribution and let it grow.

Suggestions

• Let's say they have to finish High School to get it. That could be a real incentive from an early age for them to try harder and to stay out of trouble.
• Allow them to begin accessing after they graduate high school, if they use the money for higher education including trade schools. Keep it reserved until 22 if not.

It won't eliminate a wealth gap. It might actually increase one between US citizens and immigrants legal and non-legal who were not born here.

But it could help educate our youth on the value of investing and letting it grow.

[Kickass Conservative]

If the Baby’s Parents want to out $1,000 into an account for the kid, good for them. It ain’t my Kid, so it shouldn’t be my Tax Dollars funding it.

[Rebelbase]

$1000 throws one hell of a party for the parents.

[alexander_busek]

“Baby bonds” have become one proposal to help close the racial wealth gap between Black and white families in the United States.

I don't understand why the proposed measure should be limited only to "families in the U.S."

That's so xenophobic!

Regards,

[Mark17]

I really didn't think things would continue to keep getting crazier, but this article is proof indeed they are.

I don’t think there is a lower limit, on how far the rats won’t sink to.