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America is substantially reducing poverty among children

economist.com

111–120 of 161 posts

Re: America is substantially reducing poverty among children

#111
post #9

I think this (COVID relief) is the closest America is going to get to a legitimate domestic experiment on UBI we're going to get for a while so it's rather heartening to see the drop in family poverty.

> a legitimate domestic experiment on UBI

The pandemic spending is unsustainable.

Re: America is substantially reducing poverty among children

#112

I’m a bit surprised by these comments. This seems like data driven evidence of a government policy working quite well. Yet there are people complaining about this causes inflation and is “printing money”. The article clearly points out that most of the spending is on essentials and directly contributing to the children’s quality of life. Not the article I would expect to see fiscal hawks on.

It’s not that it’s not working. It’s that it’s not a sustainable model. Or if it is, we need to cut a LOT of other stuff.

Our $2000 per capita annual war budget would be a reasonable starting place.

Re: America is substantially reducing poverty among children

#113

I’m a bit surprised by these comments. This seems like data driven evidence of a government policy working quite well. Yet there are people complaining about this causes inflation and is “printing money”. The article clearly points out that most of the spending is on essentials and directly contributing to the children’s quality of life. Not the article I would expect to see fiscal hawks on.

A lot of people don't care much about the poor and instead care primarily about their own wallet. Whether it works or not is irrelevant to some folks.

Re: America is substantially reducing poverty among children

#114
post #9

I think this (COVID relief) is the closest America is going to get to a legitimate domestic experiment on UBI we're going to get for a while so it's rather heartening to see the drop in family poverty.

> a legitimate domestic experiment on UBI The pandemic spending is unsustainable.

Parent said "experiment".

Re: America is substantially reducing poverty among children

#115
post #9

I think this (COVID relief) is the closest America is going to get to a legitimate domestic experiment on UBI we're going to get for a while so it's rather heartening to see the drop in family poverty.

> a legitimate domestic experiment on UBI The pandemic spending is unsustainable.

The amount we've spent on child tax credits and toe-dipping into UBI is a drop in the bucket compared to spending $300m/day for 20 years in Afganistan without even breaking a sweat. Clearly we can handle this kind of spending, and more, especially if we increase tax enforcement on the top 1% of earners and gasp actually re-assess the capital gains tax to ensure that people like Jeff Bezos are paying at least 28% tax on their capital gains just like they would on regular income.

These programs are also an investment in the economy that pays itself forward in the form of increased social mobility, and thus increased future tax revenue, so it is by no means a net loss. It could even be the case that every $1 invested in these kinds of programs results in more than $1 in created new tax revenue a few years down the road. This is called investing in our future. A new concept, I know.

Re: America is substantially reducing poverty among children

#116

Earlier quoted context omitted.

I am aware that most of my knowledge about income distribution comes via news articles/videos. In the instances where they DO cite sources (which is rare), I have never personally investigated the data behind claims. That is why I prefaced my comment about being "primed" by media.

Then perhaps the question is, 'what causes the high rate of child poverty in the US, can anyone provide some substantive information?' The claim is baseless and thus not relevant; posting it just spreads a baseless claim, which we have plenty of on the Internet! > In the instances where they DO cite sources (which is rare) If it helps, try higher-quality news. The journalism I read always cites sources; it's a rule o…

Your comments is condescending and counter productive to what was a generally inquisitive question by OP.

Try shedding light instead of nit-picking. Your proposed question is not as superior to OPs as you think.

Re: America is substantially reducing poverty among children

#117
post #66

Earlier quoted context omitted.

> providing a baseline income to a whole community The rich oil sheikdoms in the Gulf are already providing a good income to all their citizens (not the working class gastarbeiters). We should definitely observe them and learn from their experience. It is not precisely the same as UBI, but closer than anything else I can think of.

Canada has also carried out a few interesting UBI experiments with pretty positive feedback - but I think America needs to see something happen domestically to give it a serious consideration.

If only Alaska was considered "domestic" enough...

https://en.m.wikipedia.org/wiki/Alaska_Permanent_Fund

Re: America is substantially reducing poverty among children

#118
post #9

I think this (COVID relief) is the closest America is going to get to a legitimate domestic experiment on UBI we're going to get for a while so it's rather heartening to see the drop in family poverty.

I bet the new child tax credit will stay on the books. It's such a game changing boost to lower income families.

Re: America is substantially reducing poverty among children

#119
post #114

Earlier quoted context omitted.

> a legitimate domestic experiment on UBI The pandemic spending is unsustainable.

Parent said "experiment".

A lot of people on the left do want to make the child tax credit permanent, and there is no logistical reason we couldn't do that other than political constraints.

Re: America is substantially reducing poverty among children

#120
post #9

I think this (COVID relief) is the closest America is going to get to a legitimate domestic experiment on UBI we're going to get for a while so it's rather heartening to see the drop in family poverty.

This is going to last only as long as it will take for the labor supply pressures to squeeze out small- and medium-sized businesses for the large corporate interests to scoop up on the cheap. They're not going to permanently constrict the reserve army of labor.
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