Hard production, resilience and grit lead to success, right? This narrative pervades the channel we make, says economist Darrick Hamilton, but the truth is that our chances at economic certificate have less to do with what we do and more to do with the abundance sentiment we’re born into. Enter “baby bonds”: rely reports of up to $ 60,000 for every newborn, gauged to the wealth of their family. Learn how this bold proposal could help us reduce inequality — and return every child personal seed coin for important things like going to college, buying a home or starting a business. “Without capital, inequality is locked in, ” Hamilton says. “When it comes to fiscal insurance, money is both the beginning and the end.”
Read more: ted.com.