Are baby bonds a good investment?

Explain It to Me

Vox Media Podcast Network

Education, Politics, News, Society & Culture

4.4 • 7.9K Ratings

🗓️ 1 May 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Something is happening in Connecticut. Back in 2021, the state legislature passed a measure that would create something called baby bonds: trust accounts for children receiving government assistance. It’s an idea that started decades ago and was championed by Darrick Hamilton, the founding director of the Institute on Race, Power and Political Economy at the New School. On this week's episode of The Weeds, host Jonquilyn Hill sits down with Hamilton to discuss how the idea came to fruition, how a race-neutral policy can close the racial wealth gap, and the way we define economic value. Submit your policy questions! We want to know what you’re curious about. Credits: Jonquilyn Hill, host Sofi LaLonde, producer Cristian Ayala, engineer A.M. Hall, editorial director of talk podcasts Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Please take a second to help us learn more about you! vox.com/podcastsurvey Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for this podcast comes from Planned Parenthood.
0:04.0	It's hard to imagine a world where we leave future generations with fewer rights and freedoms.
0:09.0	Since the Supreme Court's decision to overturn Roe v. Wade,
0:12.0	politicians in nearly every state have
0:14.0	introduced bills aimed at blocking people from getting the essential sexual and
0:17.8	reproductive care they need, including abortion. Planned Parenthood believes
0:22.3	everyone deserves access to care.
0:24.0	And with supporters like you, they can reclaim our rights and protect and expand access to abortion care.
0:29.0	Visit Planned Parenthood.org
0:31.0	slash future to learn more and support their cause.
0:34.0	Hey, it's John Glyn.
0:38.0	Before we get started, I wanted to take a moment to talk about a podcast survey we're running right now.
0:43.8	If you have a few minutes, we'd super appreciate it.
0:46.6	If you go to Vox.com slash podcast survey and answer some questions so that we can continue
0:51.9	to bring you the content you want to hear.
0:54.8	That's Vox.com slash podcast survey, and the link is also in the show notes.
0:59.6	It really helps us out.
1:01.3	Thanks. It's the weeds. I'm John Glyn Hill and there's something
1:10.9	happening in Connecticut.
1:13.0	It's a huge experiment.
1:15.0	And if it goes as planned, it'll close the wealth gap
1:19.0	and increase financial security for 15,000 people a year.
	...

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