I wonder how much of an impact the printing of additional money to fund this experiment had on inflation.
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Expanded Child Tax Policy Slashed Child Poverty
31–40 of 126 posts
Re: Expanded Child Tax Policy Slashed Child Poverty
#32The fact that this article even needed to be written says a lot about the state of politics in America. I don't think I will ever wrap my head around the fact that there are politicians who seem to sincerely believe that the best way to decrease poverty is to give tax cuts to the rich and huge corporations, instead of actions like what's described in the article.
They don’t actually believe it though - they get paid either directly or indirectly by the rich they are giving tax breaks to.
Re: Expanded Child Tax Policy Slashed Child Poverty
#33The fact that this article even needed to be written says a lot about the state of politics in America. I don't think I will ever wrap my head around the fact that there are politicians who seem to sincerely believe that the best way to decrease poverty is to give tax cuts to the rich and huge corporations, instead of actions like what's described in the article.
I think you are straw-man'ing a bit. Of course giving people money results in them having more money. News at 11.
But it's reasonable to question whether that's a good solution, a band-aid, or perhaps a short-term hack with future blowback, etc.
Direct cash transfers are not exactly some foolproof, no-brainer solution to poverty. We've made a real mess in some third world countries with the cash spigot.
Re: Expanded Child Tax Policy Slashed Child Poverty
#34The fact that this article even needed to be written says a lot about the state of politics in America. I don't think I will ever wrap my head around the fact that there are politicians who seem to sincerely believe that the best way to decrease poverty is to give tax cuts to the rich and huge corporations, instead of actions like what's described in the article.
Expanding income tax credits to people who don't earn income is just as strange to me
Re: Expanded Child Tax Policy Slashed Child Poverty
#35To phrase child welfare in terms of a capitalist mindset: if you care about expanding your business and keeping labor costs down, you care about the size and quality of the domestic labor pool, and thus you care about the access to education, the stable living arrangements, and mental welfare of your fellow country people and their families, and thus you support welfare to your poorest country people. To do otherwise…
If the capitalist mindset you described were accurate, then we would have the kind of society you described because we’ve had a very capitalist economy from the start. But that’s not what we see, so unfortunately what you assert cannot be true.
However, you’re right that we live in capitalism. And it creates child poverty.
Re: Expanded Child Tax Policy Slashed Child Poverty
#36To phrase child welfare in terms of a capitalist mindset: if you care about expanding your business and keeping labor costs down, you care about the size and quality of the domestic labor pool, and thus you care about the access to education, the stable living arrangements, and mental welfare of your fellow country people and their families, and thus you support welfare to your poorest country people. To do otherwise…
I don’t think any sensible capitalist would disagree with this. But the implication that follows, which is “therefor the government should collect more taxes to finance more programs…” is not so obviously a good idea. The government is the least efficient resource allocator ever created. If you ask the government to do something, it will deliver the lowest possible quality outcome, and the highest possible price. Basically your comment basically misses all of the politically controversial aspects of policies like this, in my opinion.
Re: Expanded Child Tax Policy Slashed Child Poverty
#37The fact that this article even needed to be written says a lot about the state of politics in America. I don't think I will ever wrap my head around the fact that there are politicians who seem to sincerely believe that the best way to decrease poverty is to give tax cuts to the rich and huge corporations, instead of actions like what's described in the article.
Yes, if you draw a line in the sand as to what does and doesn't count as poverty and then give away a marginal sum of money, suddenly many people cross from nearby one side of that line to nearby the other.
Surely this makes a difference in the lives of these people but on large scales, how much of a difference have you actually made?
Effectively what you've erected is a subsidy for high rent and low wages which target the poor, there must be better solutions than solidifying the systematic problems which capture this segment of the population.
Re: Expanded Child Tax Policy Slashed Child Poverty
#38The fact that this article even needed to be written says a lot about the state of politics in America. I don't think I will ever wrap my head around the fact that there are politicians who seem to sincerely believe that the best way to decrease poverty is to give tax cuts to the rich and huge corporations, instead of actions like what's described in the article.
You're over simplifying but yes, many people believe strong and profitable companies and entrepreneurs create a wealthier society that creates benefits for just about everyone. Compare that to communism which does spread wealth more fairly but ends up running the economy into the ground. In the end people move from the "fair" communist countries to the "unfair" capitalist ones.
Re: Expanded Child Tax Policy Slashed Child Poverty
#39To phrase child welfare in terms of a capitalist mindset: if you care about expanding your business and keeping labor costs down, you care about the size and quality of the domestic labor pool, and thus you care about the access to education, the stable living arrangements, and mental welfare of your fellow country people and their families, and thus you support welfare to your poorest country people. To do otherwise…
I don’t think any sensible capitalist would disagree with this. But the implication that follows, which is “therefor the government should collect more taxes to finance more programs…” is not so obviously a good idea. The government is the least efficient resource allocator ever created. If you ask the government to do something, it will deliver the lowest possible quality outcome, and the highest possible price. Bas…
The failures of private schooling in many places I. The world don't bear this out. In many parts of the world, public education is much more effective per dollar spent than private alternatives. Same with health care.
The idea that government is particularly ineffective is not an absolute. We'd do well with dropping it as an assumption and instead question why certain governments fault to produce good outcomes.
Re: Expanded Child Tax Policy Slashed Child Poverty
#40To phrase child welfare in terms of a capitalist mindset: if you care about expanding your business and keeping labor costs down, you care about the size and quality of the domestic labor pool, and thus you care about the access to education, the stable living arrangements, and mental welfare of your fellow country people and their families, and thus you support welfare to your poorest country people. To do otherwise…
If the capitalist mindset you described were accurate, then we would have the kind of society you described because we’ve had a very capitalist economy from the start. But that’s not what we see, so unfortunately what you assert cannot be true. However, you’re right that we live in capitalism. And it creates child poverty.
That [some] child poverty exists in a capitalist society does not mean that capitalism creates child poverty.