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Baby bonds were designed to be race-neutral and remain so in all of the proposals above, and thus are not reparations. [1] Cassidy et al. clarify the distinction and reiterate the need for race-specific policies to address the racial wealth gap, in order to close the shortcomings of a race-neutral program, as noted above. [ 3 ]
Call Risk-- If a baby bond is callable, this means the issuer has the option to return the bond's principal to you and stop paying interest before the note reaches its original maturity date ...
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Prosperity Now Policy Fellow Shira Markoff joins Yahoo Finance Live to discuss how baby bonds can help narrow the racial wealth divide, the essential elements of a state or local baby bonds policy ...
For years, Democrats have championed the notion of so-called baby bonds, money the government puts aside for children at birth to give them a boost after they graduate from high school. Now states ...
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Along with a birth certificate, the government should issue a bond for each newborn baby to help fund the tike’s retirement 70 years later, according to one expert.