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100 Facts On Reparations For Native Black Americans

100 Facts On Reparations For Native Black Americans


93. Sen. Cory Booker introduced a baby bonds bill

One-time presidential hopeful Sen. Cory Booker (D-NJ) proposed a baby bonds bill that would grant every newborn American child $1,000 at birth. That money would grow with the child, based on the family’s income, and could be used at age 18 to launch young adults on the road to economic success.

William “Sandy” Darity of Duke University in Durham, North Carolina and Darrick Hamilton of The New School in New York City published a 2010 paper in The Review of Black Political Economy, where they proposed “a bold progressive child development account-type program that could go a long way toward eliminating the racial wealth gap.”


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