#babybonds — Public Fediverse posts

Trump Accounts, Baby Bonds: Giving Directly to Kids Is an Idea Right and Left Could Love

https://web.brid.gy/r/https://www.nytimes.com/2025/12/06/business/philanthropy-trump-accounts-baby-bonds.html

Trump Accounts, Baby Bonds: Giving Directly to Kids Is an Idea Right and Left Could Love

https://fed.brid.gy/r/https://www.nytimes.com/2025/12/06/business/philanthropy-trump-accounts-baby-bonds.html

List of Trump’s Proposals to Send Direct Payments to Americans

President Donald Trump has floated several proposals to make direct payments to Americans including $2,000 checks from tariff…
#UnitedStates #US #USA #babybonds #DepartmentofGovernmentEfficiency #Directpayment #Dividend #doge #DonaldTrump #ElonMusk #Musk #payment #president #presidentdonaldtrump #stimuluschecks #trump
https://www.europesays.com/2562843/

I hope #CoryBooker runs for president again, but please for the love of sanity, ditch the #BabyBonds idea.

The government handing young parents a stack of cash to invest in the stock market isn't the solution we need to #capitalism run amok.

#Connecticut will deposit $3,200 for each of >15,000 children who are born into low-income families each year. These #babybonds will grow in value to $11-25K by the time these children reach adulthood.
https://ctmirror.org/2023/05/16/ct-baby-bonds-compromise-erick-russell-ned-lamont-shawn-wooden/

According to the 2022 DataHaven Community #WellbeingSurvey, 15% of adults in CT have a negative net worth, but this figure rises to 25% among Black and 27% among Latino adults, and to 37% among adults earning <$30K/year.

#racialwealthgap

This article examines the problem of inherited controlling shares leading profitable companies to be led by 'idiot heirs.'
It points out that "...asking investors to put eternal trust in corporate royalty is antithetical to the values of Americans."
Indeed.
What the article fails to recognize is how all intergenerational wealth transfer perpetuates this problem. Rich folks pass their stock ownership and their wealth to their children who then also have disproportionate control over public companies.
Furthermore, I would say our entire model of business ownership is un-American: why does a single individual get unilateral control over the cooperation of all workers based on showing up first or buying it from the person who did?
#DemocracyAtWork #Coop #DeathTax #NationalTrustFund #BabyBonds

https://finance.yahoo.com/news/idiot-heir-brings-down-entire-140000978.html

‘Baby bond’ legislation aims to address wealth gaps in Washington state - Washington state treasurer Mike Pellicciotti. (State of Washington Photo)

Peopl... - https://www.geekwire.com/2023/baby-bond-legislation-aims-to-address-wealth-gaps-in-washington-state/ #babybonds #civic