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Darrick Hamilton: How "baby bonds" could help close the wealth gap

Hard work, resilience and grit lead to success, right? This narrative pervades the way we think, says economist Darrick Hamilton, but the truth is that our chances at economic security have less to do with what we do and more to do with the wealth position we're born into. Enter "baby bonds": trust accounts of up to $60,000 for every newborn, calibrated to the wealth of their family. Learn how this bold proposal could help us reduce inequality — and give every child personal seed money for important things like going to college, buying a home or starting a business. "Without capital, inequality is locked in," Hamilton says. "When it comes to economic security, wealth is both the beginning and the end."

English
  • Originally Aired December 18, 2018
  • Runtime 15 minutes
  • Content Rating United States of America TV-PG
  • Production Code DarrickHamilton_2018S
  • Network YouTube
  • Created March 28, 2019 by
    Administrator admin
  • Modified March 28, 2019 by
    Administrator admin
Name Type Role
Darrick Hamilton Guest Star