New School's Darrick Hamilton on Biden's Plan

The video discusses the evolving focus on infrastructure in the US, emphasizing the need to broaden the definition to include care and environmental aspects. It addresses the challenges of funding these initiatives and highlights the importance of direct resource allocation, such as baby bonds, to tackle inequality. The role of corporations and government in promoting economic equity and addressing the racial wealth gap is also explored.

What is emphasized as a crucial part of the 21st-century infrastructure package in the United States?

• Only physical infrastructure like roads and bridges

• The care economy and environmental investments

• Military infrastructure

• Digital infrastructure

What is a significant challenge mentioned in funding infrastructure initiatives?

• High cost and how to pay for it

• Political opposition

• Lack of skilled workers

• Insufficient technology

What is the purpose of baby bonds as discussed in the transcript?

• To provide immediate cash handouts

• To support military families

• To offer seed capital for assets like homes or education

• To fund government projects

How does the transcript suggest addressing inequality?

• By increasing taxes on the wealthy

• By providing direct resources to people

• By reducing government spending

• By promoting free market policies

What role do corporations play in addressing the racial wealth gap according to the transcript?

• They should reduce their workforce

• They should invest in addressing the racial wealth gap

• They should focus on profit maximization

• They have no role

What is considered a reasonable corporate tax rate in the context of promoting a moral economy?

• 50%

• 28%

• 35%

• 15%

What is the historical context mentioned for the corporate tax rate?

• It was abolished in the last 40 years

• It has never exceeded 20%

• It has been at least 28% throughout most of recent history

• It has always been 15%