Cory Booker Wants 'Baby Bonds' For Every Newborn. How Would That Work?

The plan to address those differences by giving newborns a nest egg was first developed by professors William A. Darity, of Duke University, and Darrick Hamilton, of the New School.

“Its real intent is to provide every young person with an asset that could enable them to actually build or accumulate wealth over the course of their adult lifetime,” Darity said in an interview. “It would not bring about the equalization of wealth but it certainly would improve [on] the degree of inequality that we’re experiencing now.”

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