The Washington Post ran this headline: “The Richest 1 Percent Now Owns More of the Country’s Wealth Than at Any Time in the Past 50 years.” In the face of this daunting reality, a group of innovative thinkers are proposing a suite of bold solutions to tackle this inequality and give every American more solid economic footing.
Grouped together, these proposals share a common descriptor: guaranteed income. A guaranteed income is a regular payment given to individuals not tied to their labor or personal investments.
Examples of these innovative proposals are taking hold across the country. The recently adopted child tax credit of the American Rescue Plan gives most American families $250 or more each month to help cover the costs of raising.