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October 21st, 2010
03:45 PM ET
The Big I: Ending World Poverty with $100!
This week we talked about a really Big Idea called Financial Access at Birth. The idea? Give every baby born in the world $100 in an online bank account. This concept is the brainchild of BHAGWAN CHOWDHRY, finance professor and a faculty director at UCLA Anderson School of Management . He says not only will such an account help end poverty, it can also help give every child a unique identification, a savings account, help get them aid if disaster strikes their area, vaccines, and education assistance. Interesting concept huh? You can read all about it right here.
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give everyone a hundred dollars and watch the bankers figure out a way to take it all away in a year or less in fees. The Government will take the rest away in taxes, ect. We're better off broke ... In the word of Mr. Marx...
Say the magic woid and win ahundreddollars 🙂
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