Here's a rather novel idea out of New York City: Mayor Michael Bloomberg suggested recently that low-income New Yorkers who make good choices--like staying in school or visiting a doctor on a routine basis--should be rewarded with cash payments. The rewards would incentivize continued proactive behavior while helping individuals and families break out of the cycle of poverty that traps people for generations (USA Today, September 22, 2006).
The notion has been successful in countires outside the United States. The World Bank has used the tactic in Mexico and Brazil with great succcess.
Bloomberg propsed the innovative action after receiving a report from the city's anti-poverty commisssion. the commission was led by Time Warner CEO, Richard Parsons and Geoffrey Canada, preident of the Harlem Children's Zone.
Parents who take seriously getting their children to school and the doctor's office help the entire city, while lifting their families. Linking such decisions to financial assistance would have a double impact on the poor.
Bloomberg's plan would not use public funds. The cash rewards would be raised from private sources. The initial goal would be to put together a $24 million fund to reward and encourage citizens to pursue education and health care for themselves and their children.
The plan to reward personal and parental initiative drew positive reactions from a number of New York City officials.
What's your take on it?
Sunday, June 16, 2013
2 hours ago