Baby bonds proposal a messy proposition
Last updated 1/19/2023 at 8:37am
The legislative session is in full swing, which means a lot of lawmakers are interested in picking winners and losers. Instead of creating equal opportunities, an equality of outcome is being sought. The Washington Future Fund, proposed in Senate Bill 5125 and House Bill 1094, is being heard this morning and later this week.
Senate Democrats write that the bill “seeks to break the cycle of generational poverty by making a one-time deposit of $4,000 into an account for each baby in Washington born into poverty.” Over the years the “baby bonds” will gather interest and can be access...