Exploring Bipartisan Solutions for Poverty Through Tax Credits

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This chapter explores a proposal for an increased child tax credit designed to assist impoverished communities, emphasizing the possibility of bipartisan political support. It also delves into personal experiences with poverty, cultural attitudes towards money, and includes insightful book recommendations.

Extreme poverty, defined as living on less than $2.15 a day, has long been seen as an intractable problem. But what if the solution is simple? What if you could eradicate extreme poverty by just giving people cash? That’s what Rory Stewart believes. He’s the former UK Secretary of State for International Development and now a senior advisor to GiveDirectly, a non-profit that has distributed $800 million — in cash — to 1.6 million people around the world, including right here in the US. Today on the show, Rory charts his evolution from cash transfer skeptic to evangelist, shares what he wishes philanthropists like Bill Gates would do with their billions, and explains why he thinks it’s possible to end extreme poverty in our lifetimes.

🎙️ Check out Rory's previous appearance on this show on Apple Podcasts or Spotify

💸 Learn more about GiveDirectly at www.givedirectly.org

🎬 Watch Rory’s new TED Talk, “To End Extreme Poverty, Give Cash — Not Advice”

🎁 Get 20% off a Next Big Idea Club membership when you use code PODCAST at nextbigideaclub.com