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Reasons Revisited

156. BOND BABY BOND: guaranteeing an inheritance for all

Reasons Revisited

Geoff Lloyd

Society & Culture, Government, News, Politics

4.82.6K Ratings

🗓️ 13 September 2020

⏱️ 52 minutes

🧾️ Download transcript

Summary

Hello! What if everyone was given a bit of wealth as they hit adulthood? That’s the idea behind Child Trust Funds - established back in the 2000s and coming to fruition for the first cohort of 18 year olds this month. Godfather of Child Trust Funds Gavin Kelly explains the story behind them and why we should resurrect something similar today. We ask Kerry McWalter what she plans to do with hers. And Naomi Zewde tells us why a similar proposal for ‘baby bonds’ could make a serious dent on the racial wealth gap in the US.

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Transcript

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0:00.0

This episode is brought to you by Tautas, the slow newsroom. I am such a fan. I was saying a

0:06.0

while ago that I do worry that the news has become too much like a Netflix drama. Like stories are

0:13.2

treated like plot lines that have to include twists and cliffhangers over the course of a week or so

0:18.3

and then there's a dramatic season finale and you move on to the next one. And Tautas is the

0:24.2

antithesis of that and I love it. It's so much wiser and more considered and you can feel that

0:30.0

approach baked into all their investigations and campaigns and commentary. And as a Tautas member

0:35.4

you get more daily news letter, early and ad free podcasts like the Slow Newscast, London grad,

0:41.7

which is excellent. Definitely recommend that if you enjoyed our recent episode on Clepter Crats

0:46.4

and Dirty Money. And you'll also get tickets to their exclusive events. I'm just looking at who

0:51.8

they've had on and they've had some big names, Catlin Moran, I way way. Oh they must have had

0:58.3

a last minute dropout. I can see Ed Miliband's name on there. Listen, Tautas is such a great endeavour

1:04.0

and it just feels good to support this type of journalism, this approach and they have put together

1:09.8

an offer for you. 60 pounds for the whole year. That's for you as a listener to our podcast. I've

1:15.2

got a special link for you. So slow down. Wise up with Tautas membership for just 60 pounds a year.

1:21.6

Go to Tautasmedia.com forward slash cheerful for this exclusive offer.

1:35.4

This is Raisins to Be cheerful with Ed Miliband and Jeff Lloyd. Hello, hello. How are you?

1:42.8

I'm having a rough day. Are you alright? It's my son's last day at nursery today. He starts school

1:48.8

next week. Oh gosh. And I've just been sobbing. We said goodbye to his key worker earlier and I did

1:57.1

that thing where I couldn't speak. I was stifling tears so much that I couldn't get any words out

2:02.4

and I just that sort of point to my eyes a little bit. I'd show what I would love. I'd love to be

2:06.5

more stoic. Oh good for you. I know last time on the podcast we talked about me and my weepiness.

2:13.2

I called myself pathetic and then then someone emailed in saying like a woman would never call

...

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