Issues like #8171 are exploring block-level color settings for text and backgrounds. It might be equally beneficial to include text-level color settings in Gutenberg as well. In the future (props @mtias) I can see having site-level settings -> block-template-level settings -> block-level settings -> text-level settings. We need to figure out how to surface this UI and how it works together for the greater whole.

This being said, let's explore how we might add text-level color settings to the blocks. These settings would include, but not limited to:

1. Text color
2. Text highlight color

I know @phpbits and @ellatrix have both looked into this already.