By Shahar Ziv in Forbes The American dream has “become a disappointment” for many Americans, Bill Ackman recently argued in a New York Times DealBook essay. Ackman, the CEO of Pershing Square Capital Management, noted that an impetus for rising inequality in America is the stagnation of wage …
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The Big Idea – Baby Bonds: A Leg Up for Everyone
By William A. Darity, Jr. Duke Sanford Darity and his colleague Darrick Hamilton propose giving every newborn in the United States a “baby bond” at birth, to be held in trust until the child reaches adulthood. It would belong to the child, not to the family. The trust could provide capital …
Tackling the inequality pandemic: Is there a cure?
Zia Qureshi Brookings Institute / brookings.edu Inequality was bad and the COVID-19 pandemic is making it worse. The immediate priority is to protect the disadvantaged and the vulnerable from the health and economic impacts of the crisis. But policies must also address the deeper, structural …