Thread by @Noahpinion

An important racial difference in poverty in America:

https://twitter.com/mioana/status/1403406394334892040

Idea for a reverse inheritance tax: If your family has been poor for three generations, you get $150,000.

I mean, obviously we'd have to make it not a strict cutoff. But this policy would obviously have zero perverse incentives, and back-of-the-envelope calculations it would cost only 1% of U.S. total wealth.

In fact, @sama and the people behind the Stockton basic income experiment could probably raise money to do a pilot of this privately. Just raise $3 million and give it to 20 multi-generational poor families, and see what happens.