An economist has a wild proposal to give all kids in the US up to $60,000 at birth

Economist Darrick Hamilton has a wild proposal to give all kids born in the US a trust fund of up to $60,000 at birth. The funds would be set aside in federally managed coffers and grow at about 2% each year until the child reaches adulthood. Then the money could be used for “asset-enhancing activity,” like pursuing education, buying a home, or starting a business. The idea is that the funds would do a

Continue reading...