"Sen. Cory Booker (D.-N.J.) is proposing a plan—the American Opportunity Accounts Act—that he calculates will provide $46,215 to every 18-year-old in the lowest income bracket by giving them annual subsidies in a federally managed savings account."
This ought to qualify Booker as a Presidential candidate buying votes.
If they are truly low income, and qualify for federal and state benefits, like SNAP, EITC, Section 8, Medicaid, TANF, negative income tax, home energy assistance, school lunch, breakfast and snack, going all the way back to Head Start, SSI, child care, grants and loans for college or trade school, plus about 100 other transfers, $46,000 would probably be a reduction.
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