If that’s the answer, I’m not sure I want to know what the question was..
You want me to contribute to giving someone else's kid a kilobuck?
Why don't their parents do that instead?
$1K or $5K to have a baby? Let’s see, that should cover the first few months of having a baby. Then you’re out of pocket. .
You do know this is a conservative forum, right?
The Bernie Sanders symposium is 3 doors down on the left..
Just tack the cost to the hundreds of thousands of dollars of debt you’ve saddled them with. Brilliant!
That idea is not new. And just imagine, with about 4 million babies born each year it would only cost $4 billion a year, a pittance compared to the current Federal budget of $4 trillion.
Still, the entire notion is extremely socialist. That’s why I’m opposed.
Parents could do it. There could be a tax incentive to do it. But free money, just because you were born? Never.
Seems like “free money at birth” (on top of whatever free money is already available to many) would just encourage more “anchor babies”, or those who tend to have children for the purpose of milking the freebies in the system.
This wold ultimately morph into a mechanism for financing the federal debt.
The problem is that 1K deposited now, will still be worth about $1K in 50 years.
unless you were really lucky and put it into stocks and bonds that beat the annual inflation rate, AND made a lot of money.
Like all the politicians seem to be able to do.
So the long-suffering American taxpayer shells out for those who don’t need it? The feds are supposed to dictate now what is invested for whom where?
I see this as an all-around horrible idea.
All that would do is apply a bias that would negate the money.
How about the kids’ parents do the “awarding”?????
Why is “college” the only worthy - eligible - investment for which a young person would be able to draw on these special savings accounts? The overwhelmingly popular idea that such massive “rewards” to 18-25 year olds belong primarily for bailing out the education industrial complex is one of the main errors of this society.
But I skipped the main ingredient. The main ideas are wrong to being with. Get the government - taxes - more and more off of everyone’s back, and quit using government to bail out extravagant costing industries - education & health care - and you’ll get more money left in everyone’s pocket and more decisions based on natural market choices instead of pie-in-the-sky utopian “government can solve this” “solutions”.
Issue “Border Wall Bonds.” I’d buy some of those.