Posted on 12/28/2023 5:46:27 PM PST by Hojczyk
Massachusetts is considering trust funds, aimed at reducing the racial wealth gap, for the state's poorest newborns that the recipients would be able to access when they turn 18.
The "baby bonds" would be an at-birth publicly funded trust fund program for Massachusetts residents, to be used for college, buying a home or starting a business. The amount given to each eligible newborn would depend on their household income, although it doesn't give a maximum amount or specify who would qualify for the funds.
"Children born into households with low income (which are disproportionately households of color) are prioritized through eligibility requirements set by the state or through a progressive allocation system, with those with the lowest income receiving the largest investments," the Massachusetts state government says on its website. "This is to provide the most support to children born with the least resources, and to shrink the racial wealth gap."
(Excerpt) Read more at foxnews.com ...
Will the trust funds in any way be tied to the IQ of the baby or the parents?
If yes, will the lower IQ recipients get more money, or will higher IQ recipients get more money?
In terms of societal efficacy I guess it could be argued either way.
My Dad was the youngest of 7...my uncle Joe was born in 1902.
The trust funds will be raided just as SS was raided!!
As long as Massachusetts taxpayers are on the hook for 100% of the cost for this insanity, I’m ok with it. Maybe they will wake the F up.
Make it $1 million per parasite. Or maybe $2 million per.
No crackers permitted.
14th amendment again...
Equal treatment under the law. The govt. cannot pick winners and losers of it’s citizenry. Just because you’re common whitey you get discriminated against financially with public funds.
Money to help buy a house? Are they planning on giving them $2 million?
So now we’re going to have “Trust Thugs”. Wait and see what happens when these thugs find out that these politicians have raided their trusts and the money ain’t there.
As long as they can show they have registered to vote Democrat.
THe only problem I have with WIC is some of the nonsense rules it imposes. For example Milk is o.k. in one size but not another.
Massachusetts taxpayers are fools. They’ll fall for this in a heartbeat. Probably get on the Chinamayor’s Racist Party list.
This might lower the abortion rate but a lot of kids are going to die young once their sperm and egg donors get their paws on the trust fund.
iows....continue screwing up and you’ll get rewarded more than the other guy who is trying to improve himself....
Flee Massachusetts. Run for your lives.
Not to worry.
Most of it will go into the pockets of the bureaucrats running it.
The South Africa
South Africa Youth
I didn’t say that any of those programs aren’t useful. And a variation of the same argument is made for each of them.
It’s well known we have the richest poor people in the world.
My point is looking for more ways to dump more money on them is not a productive exercise. For whatever reason, they remain as poor as they were before
Only Leftist, Marxist, Democrats could consider “shrink the racial wealth gap” legitimate.
-fJRoberts-
Claiming that one is an "aspiring rapper" ought to be good for a cool $50,000!
Regards,
This will become a new source of funds for the govt. to rob and leave IOUs behind. Just like social security.
Yeah, that’s what they need... ANOTHER reason not to get an education or develop a work ethic.
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