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you have a birthright to capital when you become an adult.
Posted on 8/25/20 at 10:03 am
Posted on 8/25/20 at 10:03 am
So it isn’t education, work ethic, desire, morals or any of that. Just boils down to some folks have money and some don’t.
New Jersey Gov Proposes $1,000 Baby Bonds to Bridge Wealth Gap Read Newsmax: Newsmax - Breaking News | News Videos | Politics, Health, Finance
New Jersey Gov Proposes $1,000 Baby Bonds to Bridge Wealth Gap Read Newsmax: Newsmax - Breaking News | News Videos | Politics, Health, Finance
quote:
New Jersey Gov. Phil Murphy on Tuesday will announce a proposal to entitle most children born in the state to $1,000, which would be payable with interest to the child when they turn 18, The New York Times reports.
quote:
Murphy, a Democrat, told the Times in an interview that the initiative is intended to help bridge the increasingly wide wealth gap that has been exacerbated by the coronavirus pandemic, which has had a disproportionate effect on Black and Latino people. “The inequities are too wide, too raw, to ignore,” he said.
quote:
“The source of inequality generally is that some young adults have capital and others do not,” said Darrick Hamilton, the incoming Henry Cohen professor of economics and urban policy at The New School. “The difference between a renter and a homeowner is a down payment.” Hamilton added, “This is saying: Irrespective to the family you are born into, that you have a birthright to capital when you become an adult.
16
Posted on 8/25/20 at 10:05 am to DingLeeBerry
Well, I have to give them credit for coming up with a new way to keep a segment of the population beholden to the government...
However, misguided and stupid that it may be...
However, misguided and stupid that it may be...
Posted on 8/25/20 at 10:05 am to DingLeeBerry
Laughable. Cue the "white people just keep us down" crowd.
Posted on 8/25/20 at 10:06 am to DingLeeBerry
I think the genesis of this stupidity is the belief in the black community that white kids just get $10K handed to them when they graduate HS.
Posted on 8/25/20 at 10:07 am to DingLeeBerry
You have the right to be a failure if you choose. Don't expect me to pay for that. Don't expect me to be your slave and work hard to provide you with what you want.
Posted on 8/25/20 at 10:08 am to DingLeeBerry
Because giving an 18yr old a couple of grand is just what is needed to bridge the economic gap. 
Posted on 8/25/20 at 10:08 am to DingLeeBerry
Lol there goes my state income tax, real estate tax, and sales tax
I don't hate it if they cut something else
I don't hate it if they cut something else
Posted on 8/25/20 at 10:09 am to MightyYat
Well, if they invest it well, it could grow overnight.
50 rocks becomes 100 rocks becomes 200 rocks...
50 rocks becomes 100 rocks becomes 200 rocks...
Posted on 8/25/20 at 10:09 am to DingLeeBerry
When I moved away after college at age 22 I had $1000 in my pocket. Not even enough for security deposit and first month rent. People have always figured it out . Gubment gravy ain’t the answer.
Posted on 8/25/20 at 10:18 am to Lsupimp
quote:
When I moved away after college at age 22 I had $1000 in my pocket. Not even enough for security deposit and first month rent. People have always figured it out . Gubment gravy ain’t the answer.
You get the bond when you graduate college or trade school
I like that
Posted on 8/25/20 at 10:19 am to thelawnwranglers
quote:
You get the bond when you graduate college or trade school
Is that after the free education or did you have to pay for it?
Posted on 8/25/20 at 10:29 am to The Maj
quote:
Is that after the free education or did you have to pay for it?
We pay for Google certs you pay if you want regular degree lol
You have to understand how fubar NJ is
There is no hope - my real estate taxes are $13k a year.
I think I am going to get slaughter when companies figure out time to leave these areas
Posted on 8/25/20 at 10:30 am to teke184
quote:
Well, if they invest it well
You’re one of the posters around here that I actually respect, so I knew you were joking with this before I read any further.
Posted on 8/25/20 at 10:31 am to thelawnwranglers
quote:
You have to understand how fubar NJ is
Promising government handouts with interest is not going to help them...
quote:
There is no hope - my real estate taxes are $13k a year.
What will they do, double for something like this?
Posted on 8/25/20 at 10:32 am to The Maj
quote:
What will they do, double for something like this?
I would say with no extra burden I have to be going up 40% in next 5 years
Posted on 8/25/20 at 10:33 am to DingLeeBerry
Murphy is pandering so hard right now .. he is getting hammered even by his own party so time to cue up the pander machine... 2021 he needs to go ..
Posted on 8/25/20 at 10:36 am to Icceytiger
quote:
Murphy is pandering so hard right now .. he is getting hammered even by his own party so time to cue up the pander machine... 2021 he needs to go ..
Some reason we can't help but to get some Goldman Sachs a-hole that all the sudden wants to give the world away after years of fleecing American public
Posted on 8/25/20 at 10:36 am to DingLeeBerry
Assuming a 5% interest rate which is high compared to current bank rates that is less than $2,500 at age 18. With the likely inflation over the next 18 years that plan is really going to help those babies out.
Just another feel good waste of money.
Just another feel good waste of money.
Posted on 8/25/20 at 10:38 am to Geaux-2-L-O-Miss
quote:
that is less than $2,500 at age 18
Yeah but that is a lot of money in the minds of those this program is aimed at...
Posted on 8/25/20 at 10:41 am to thelawnwranglers
quote:
Some reason we can't help but to get some Goldman Sachs a-hole that all the sudden wants to give the world away after years of fleecing American public
He is taking a page out of the Solciaist play book .. Government will give you all you need .. just give us power! Look at what he is doing with Inside dining and other issues ... power hungry a-hole ...
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