full transcript

From the Ted Talk by Darrick Hamilton: How "baby bonds" could help close the wealth gap

Unscramble the Blue Letters

That's why we advocate for baby tsrut. An economic birthright to cpaital for everyone. These auctcnos would be held in public trust to be used as a fnaiuodton to an economically secure life. The cceonpt of economic rights is not new nor is it radical. In 1944, President Franklin Roosevelt itocdrneud the idea of an economic Bill of Rights. Roosevelt called for physical security, economic security, social security and moral security. Unfortunately, since the Nixon administration, the political sentiment regarding social mobility has radically shifted away from government mandates to eioncmoc suicerty to a neoliberal approach in which the market is presumed to be the siootlun for all our problems, economic or otherwise. As a result, the onus of social mobility has shifted on to the individual. The praviseve narrative is that even if your lot in life is subpar, with perseverance and hard work and the virtues of the free market, you can turn your proverbial rags into riches. Of course, the flip side is that the virtues of the market will likewise sanction those that are not astute, those that lack mvotiation or those that are simply lazy. In other words, the dsveernig poor will receive their just rewards.

Open Cloze

That's why we advocate for baby _____. An economic birthright to _______ for everyone. These ________ would be held in public trust to be used as a __________ to an economically secure life. The _______ of economic rights is not new nor is it radical. In 1944, President Franklin Roosevelt __________ the idea of an economic Bill of Rights. Roosevelt called for physical security, economic security, social security and moral security. Unfortunately, since the Nixon administration, the political sentiment regarding social mobility has radically shifted away from government mandates to ________ ________ to a neoliberal approach in which the market is presumed to be the ________ for all our problems, economic or otherwise. As a result, the onus of social mobility has shifted on to the individual. The _________ narrative is that even if your lot in life is subpar, with perseverance and hard work and the virtues of the free market, you can turn your proverbial rags into riches. Of course, the flip side is that the virtues of the market will likewise sanction those that are not astute, those that lack __________ or those that are simply lazy. In other words, the _________ poor will receive their just rewards.

Solution

  1. trust
  2. motivation
  3. solution
  4. concept
  5. accounts
  6. introduced
  7. foundation
  8. security
  9. pervasive
  10. economic
  11. deserving
  12. capital

Original Text

That's why we advocate for baby trust. An economic birthright to capital for everyone. These accounts would be held in public trust to be used as a foundation to an economically secure life. The concept of economic rights is not new nor is it radical. In 1944, President Franklin Roosevelt introduced the idea of an economic Bill of Rights. Roosevelt called for physical security, economic security, social security and moral security. Unfortunately, since the Nixon administration, the political sentiment regarding social mobility has radically shifted away from government mandates to economic security to a neoliberal approach in which the market is presumed to be the solution for all our problems, economic or otherwise. As a result, the onus of social mobility has shifted on to the individual. The pervasive narrative is that even if your lot in life is subpar, with perseverance and hard work and the virtues of the free market, you can turn your proverbial rags into riches. Of course, the flip side is that the virtues of the market will likewise sanction those that are not astute, those that lack motivation or those that are simply lazy. In other words, the deserving poor will receive their just rewards.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
economic security 4
baby trust 4
united states 3
social mobility 3
babies born 3
typical black 2
typical white 2
white family 2
functional role 2
economic rights 2
social security 2
capital finance 2
billion dollars 2

ngrams of length 3

collocation frequency
typical white family 2

Important Words

  1. accounts
  2. administration
  3. advocate
  4. approach
  5. astute
  6. baby
  7. bill
  8. birthright
  9. called
  10. capital
  11. concept
  12. deserving
  13. economic
  14. economically
  15. flip
  16. foundation
  17. franklin
  18. free
  19. government
  20. hard
  21. held
  22. idea
  23. individual
  24. introduced
  25. lack
  26. lazy
  27. life
  28. lot
  29. mandates
  30. market
  31. mobility
  32. moral
  33. motivation
  34. narrative
  35. neoliberal
  36. nixon
  37. onus
  38. perseverance
  39. pervasive
  40. physical
  41. political
  42. poor
  43. president
  44. presumed
  45. problems
  46. proverbial
  47. public
  48. radical
  49. radically
  50. rags
  51. receive
  52. result
  53. rewards
  54. riches
  55. rights
  56. roosevelt
  57. sanction
  58. secure
  59. security
  60. sentiment
  61. shifted
  62. side
  63. simply
  64. social
  65. solution
  66. subpar
  67. trust
  68. turn
  69. virtues
  70. words
  71. work