Impact would be transformative
The lawmakers continued: “The impact would be transformative: at a cost of approximately $60 billion annually, less than 10 percent of what we currently spend to subsidize wealth-building through the tax code, we can give every American a stake in our economy and agency over their future,” they said.
By their estimates, a child who gets $1,000 at birth and $2,000 every year since then would end up getting more than $46,000 by the time they turned 18, given an annual interest of three percent.
When Booker announced his presidential run in February 2019, Vox cited a study to say that the idea of baby bonds embraced by Booker, who ran for the 2020 presidential nomination, would almost entirely bridge the wealth gap between young Black and White people. Also, recent studies by Columbia University and Morningstar have found that the baby bonds program would reduce the racial wealth gap considerably among young American adults.
Commentary: Howard Husock - The e-waste problem - and opportunity
Howard Husock
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One of the big hits of the holiday sales season was the new high-end iPhone 12. When it launched in October, some 2 million were pre-ordered in just 24 hours. But a lot of gift-wrapped new phones also meant a lot of old phones discarded. If the past is any guide, many were simply thrown out in the trash.
This might be good news for Apple, but it’s bad news for the environment, as those phones contain rare earth metals and other materials that act as contaminants. Yet those elements could be a new source of revenue for municipalities if they can get smart about how they run their recycling programs.
Did that just really happen?
CNN Opinion contributors react to the most memorable moments of Inauguration Day. The views expressed in these commentaries are their own.
SE Cupp: Did that really just happen?
Was it all just a dream?
As I gathered my family to watch the historic swearing in of Joe Biden and Kamala Harris, the occasion took on a surreal feeling. There were Barack and Michelle Obama, looking like they hadn’t aged a day. And there was George W. Bush, elbowing hello to his old friends. And the Clintons, who in some ways, never seem to have left Washington DC.
Did that really just happen? ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
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Health insurance coverage appears to have so far been quite stable in the face of COVID-19’s economic dislocations.
In addition, the health system appears to have rebounded from the cancellation of non-emergency medical care back in the spring, which was instituted to free up capacity to cope with COVID-19 cases.
Because most working Americans and their dependents have health insurance through employer-sponsored plans, analysts and policymakers raised concerns that millions of Americans could lose their health insurance coverage as a result of the sudden employment dislocation due to the COVID-19 shutdown. Indeed, some analysts projected substantial coverage losses.REF