Posted on 12/28/2023 5:46:27 PM PST by Hojczyk
Massachusetts is considering trust funds, aimed at reducing the racial wealth gap, for the state's poorest newborns that the recipients would be able to access when they turn 18.
The "baby bonds" would be an at-birth publicly funded trust fund program for Massachusetts residents, to be used for college, buying a home or starting a business. The amount given to each eligible newborn would depend on their household income, although it doesn't give a maximum amount or specify who would qualify for the funds.
"Children born into households with low income (which are disproportionately households of color) are prioritized through eligibility requirements set by the state or through a progressive allocation system, with those with the lowest income receiving the largest investments," the Massachusetts state government says on its website. "This is to provide the most support to children born with the least resources, and to shrink the racial wealth gap."
(Excerpt) Read more at foxnews.com ...
A better way is put say 10,000 $ into an account at birth by the government …invested in say 30%Nadsq..30% NYSE30% international stocks…
It should double every eight years…at age 24 the 10,000 is withdrawn and goes back to the government….at age 55 he should have a large amount of money…..
If he dies before 55 the money goes back to the government..
“We gwine ta collie?” To learn what? Remedial math and reading?
How about going to a trade school?
All births not just minorities
2073
Dear Africans:
Some white idiots in US politics bankrupted the USA. I’m here to re-equalize wealth. Please bring the required amount of wealth to my office.
Mr. American
Dear Saudi Royals:
Fork it over.
Mr. American
My parents grew up there back wen the Irish were the...well,”undesirables” of Boston.My father’s older brother used to tell stories about hiring halls having signs saying “no Irish need apply”.
It could lead to great things if it is already in place, and referred to as 'cestui que vie trust', and it is done for everyone that has a birth certificate.
What a truckload of sheer nonsense. This is prime libtard brain deformation type of thinking. Their mental processes are so screwed up, they have to label their shoes “Left” and “Right”. Why would anyone of NORMAL intellect come up with a stupid idea like this? Why would anyone WANT to reward low achieving people who irresponsibly have children they cannot pay for—unless they WANT to send society into a huge decline?
I don’t know. Would you like the government to manage a stock portfolio? I can’t even begin to imagine the DEI nonsense that would ensue. Not to mention propping up unions and shaking down political donors. And that’s just what I can come up with on the top of my head. The corrupt sleazebags in politics have had two centuries to come up with ways to milk the money out of the system. I wouldn’t trust them with two bent up nickels if I had any say in it.
Dear Joseph R. Biden:
The time has come today.
Wilmington Equalizers
WHY should the children of low achieving irresponsible people get a nice nest egg set up for them, while the children of hardworking people get no such advantage?
Take from the honkeys, give to the negroes.
Because systemic racism is a GOOD THING.
To enhance the voting demographics.
Taxation is meant to fund government, not buy votes or pay household expenses.
It never ceases to amaze me at how many stupid ideas they can come up with!
It never ceases to amaze me at how many stupid ideas they can come up with!
He must have been born a long time ago. Lots of Irish have stories about NINA signs, but the signs were around back in the 19th century.
“Would it work? I have my doubts.”
The Asian Indians might bolt back to the subcontinent.
The Hondurans and Mexicans might bolt too.
It is my understanding that the US imports more by value from Mexico than it does from China.
Mexico has factories that make vehicle parts.
The US has factories that assemble those parts into vehicles.
Must be nice to have so much wealth in a state.
Or you could provide them with an excellent education in grade school through high school.
Blacks fled north in modest numbers until the FDR administration refused to fund sharecropper agriculture in the 1930s.
The Okies headed to California. The blacks headed to Chicago, Detroit, New York and other northern cities.
Blacks have only been major players in the northern US for about 90 years.
California real estate has exploded in price.
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