TroglocratsRdumb
Diamond Member
- Aug 11, 2017
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“The racial wealth gap in America is the result of generations of precise and intentional policy violence, so we must be as intentional and as precise about advancing policies that address it head on,” Pressley said in a press release Wednesday. “Black lives and Black wealth matter, which is why Congress must pass our bill without delay.”
The savings accounts would accrue an estimated 3% interest and receive additional deposits until the child turns 18. Account holders would be permitted to spend the money on “allowable uses” such as buying a home and paying for education when they are eligible.
“Americans today are having a harder time accessing homeownership, higher education, and a secure retirement than their parents did just a generation before them,” Booker said. “‘Baby Bonds’ would fix our broken tax code by providing every American child with startup capital for their life, and helping to drive down the wealth inequality that holds American families back from their full potential.”
dailycaller.com
comment:
What the Democrats are actually proposing is using the government to loot other people's property and then giving it to them.
The savings accounts would accrue an estimated 3% interest and receive additional deposits until the child turns 18. Account holders would be permitted to spend the money on “allowable uses” such as buying a home and paying for education when they are eligible.
“Americans today are having a harder time accessing homeownership, higher education, and a secure retirement than their parents did just a generation before them,” Booker said. “‘Baby Bonds’ would fix our broken tax code by providing every American child with startup capital for their life, and helping to drive down the wealth inequality that holds American families back from their full potential.”
‘Black Lives And Black Wealth Matter’: Dems Propose Tax Hike To Fund ‘Baby Bonds’ Savings Accounts
Sen. Cory Booker and Rep. Ayanna Pressley on Wednesday reintroduced "baby bonds" legislation to fund child savings accounts.
dailycaller.com
comment:
What the Democrats are actually proposing is using the government to loot other people's property and then giving it to them.
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