Let me get this straight. A politician understands the tremendous power of compound interest working over great periods of time. Will this lesson be carried through as the only real solution to the horrid Social Security mess? No, maybe even the same politician would say we must continue to spend that tax income now on immediate needs, while promising to pay for future benefits from the ability of a future generation to borrow enough to pay the obligation.
The Great Disconnect, once again.
I've got an even better idea, maybe twice as good. Why not give newborns in California $1,000? That way, they'll have twice as much money as if they were given $500.
I've got an even better idea than that. Why limit this to just newborns in California? Why discriminate against people who were already born? Give this to everyone in California!
Here's the best idea of all. Why limit this to just Californians? California should give this to everyone!