The simplest suggestion for a wealth transfer is the idea of baby bonds, advanced by economists William Darity and Darrick Hamilton. If done as a form of reparations, the program would simply endow every black child with a government trust fund, worth perhaps $21,000 to $47,000. The proposal would have to be modified to give some money to the parents, grandparents and other family members of the recipients, but that’s the basic idea.
Department of African & African American Studies
