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Expanded Child Tax Policy Slashed Child Poverty

npr.org

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Re: Expanded Child Tax Policy Slashed Child Poverty

#11

Post by bglazer »

tamaharbor wrote: post #2

I wonder how much of an impact the printing of additional money to fund this experiment had on inflation.

3 million children lifted out poverty but chicken wings are now more expensive. Impossible to say if it was a good policy.

Seriously, how do weigh the consequences of actions like this? On the one hand you have a certainty: many children plunged into deprivation by an unavoidable pandemic. On the other hand you have an almost unknowable risk of influencing worldwide macroeconomic trends. Is the second worth more to you than the first?

Re: Expanded Child Tax Policy Slashed Child Poverty

#13

Post by tehwebguy »

josephcsible wrote: post #7
weaksauce wrote: post #5

Earlier quoted context omitted.

long term probably a lot less than bombing and occupying other countries so our hegemony can be asserted all over the place... we have 330 million people and spend more than every other country in the world combined on war. A list including china that has 1,440 million people and india which has 1,400 million people. Seems when the question is war the answer is always yes but when the question is can we help our citi…

We bombed Nazi Germany during World War II, and then occupied much of it for a while afterwards. Did we do that "so our hegemony can be asserted all over the place"? If so, then I think asserting our hegemony is a good thing. If not, then what definition/test of it are you using that the wars you don't like count, but that one doesn't?

Ok but what about after uhh 1945

Re: Expanded Child Tax Policy Slashed Child Poverty

#16

Post by wolverine876 »

bglazer wrote: post #11
tamaharbor wrote: post #2

I wonder how much of an impact the printing of additional money to fund this experiment had on inflation.

3 million children lifted out poverty but chicken wings are now more expensive. Impossible to say if it was a good policy. Seriously, how do weigh the consequences of actions like this? On the one hand you have a certainty: many children plunged into deprivation by an unavoidable pandemic. On the other hand you have an almost unknowable risk of influencing worldwide macroeconomic trends. Is the second worth more to y…

Sorry if you are being sarcastic, but to respond literally, there is almost no inflation impact from this amount of money. Are we going to ask that for every expense? I imagine some people will - a great way to push small government and against any investment in our country.

> almost unknowable

We know quite a lot about economics, especially inflation and the money supply.

> many children plunged into deprivation

Many children were in deprivation already, and by investing in them we not only help them, we end up with more productive citizens later. Poverty can be devastating.

Re: Expanded Child Tax Policy Slashed Child Poverty

#17

Post by pydry »

josephcsible wrote: post #7
weaksauce wrote: post #5

Earlier quoted context omitted.

long term probably a lot less than bombing and occupying other countries so our hegemony can be asserted all over the place... we have 330 million people and spend more than every other country in the world combined on war. A list including china that has 1,440 million people and india which has 1,400 million people. Seems when the question is war the answer is always yes but when the question is can we help our citi…

We bombed Nazi Germany during World War II, and then occupied much of it for a while afterwards. Did we do that "so our hegemony can be asserted all over the place"? If so, then I think asserting our hegemony is a good thing. If not, then what definition/test of it are you using that the wars you don't like count, but that one doesn't?

>If not, then what definition/test of it are you using that the wars you don't like count, but that one doesn't?

1) Are they committing genocide?

2) Did they attack you?

Re: Expanded Child Tax Policy Slashed Child Poverty

#18

Post by pmorici »

bglazer wrote: post #11
tamaharbor wrote: post #2

I wonder how much of an impact the printing of additional money to fund this experiment had on inflation.

3 million children lifted out poverty but chicken wings are now more expensive. Impossible to say if it was a good policy. Seriously, how do weigh the consequences of actions like this? On the one hand you have a certainty: many children plunged into deprivation by an unavoidable pandemic. On the other hand you have an almost unknowable risk of influencing worldwide macroeconomic trends. Is the second worth more to y…

You seem to be trying to trivialize inflation by implying it is only effecting goods that are not essential, ie: chicken wings. The reality is the inflation has been broad across a lot of essential goods that a family needs. So to the extent that rising costs of food, energy, and housing have driven families on the bubble into poverty it seems like a reasonable thing to discuss.

Re: Expanded Child Tax Policy Slashed Child Poverty

#19

Post by TrispusAttucks »

tamaharbor wrote: post #2

I wonder how much of an impact the printing of additional money to fund this experiment had on inflation.

Exactly. How many additional children will now be in poverty because inflation put so much out of their reach. It's reverse ends justify the means. Do the means justify the ends?

Re: Expanded Child Tax Policy Slashed Child Poverty

#20

Post by josephcsible »

tehwebguy wrote: post #13
josephcsible wrote: post #7

Earlier quoted context omitted.

We bombed Nazi Germany during World War II, and then occupied much of it for a while afterwards. Did we do that "so our hegemony can be asserted all over the place"? If so, then I think asserting our hegemony is a good thing. If not, then what definition/test of it are you using that the wars you don't like count, but that one doesn't?

Ok but what about after uhh 1945

The criterion for whether a war was asserting hegemony is whether it happened after 1945?
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