An exclusive look at Cory Booker’s plan to fight wealth inequality: give poor kids money
“Sen. Cory Booker (D-NJ) is introducing a bill aimed at closing that gap. His idea is to give lower-income kids a sizable nest egg (nearly $50,000 in some cases) that they could use for wealth-building purchases, like a down payment on a house or college tuition. These ‘opportunity accounts’ would, theoretically, make sure all children have significant assets when they enter adulthood, rather than just those who grow up in wealthier homes.”