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Silent Type

(12,258 posts)
10. In 65 years that $250 per person will accumulate to a decent amount for people, many of whom will have nothing
Tue Dec 2, 2025, 01:10 PM
Tuesday

otherwise. Plus, it starts people on having something on their own. Maybe they'll save.

It's really that simple. I get we hate wealthy people, but I have no problem taking their money and using it for something good, even if it's only a small help.

If this were a Democratic program we'd be dancing in the streets, with good reason.

Were you screaming when Cory Booker and Ayanna Pressly proposed The American Opportunity Accounts Act (“Baby Bonds”)?

https://pressley.house.gov/wp-content/uploads/2023/02/Baby-Bonds-One-Pager-1.pdf

THE AMERICAN OPPORTUNITY ACCOUNTS ACT
Rep. Pressley and Senator Booker’s American Opportunity Accounts Act, or Baby bonds, is a race-conscious, universal bond and critical wealth building tool to help close the racial wealth gap and provide greater opportunity for all. Specifically, the legislation:

• Provides every child, as a birthright, an “American Opportunity Account” seeded with $1,000 that every year, depending on family income, would receive up to an additional $2000, while the account continues to accrue interest over time.

• Allows account holders to access funds beginning at age 18 for any eligible wealth building activities, including homeownership, paying for higher and continuing education, investing in a small business, and saving for retirement.

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