Okay now do everyone
San Francisco to offer free childcare to people making up to $230k
31–40 of 151 posts
Re: San Francisco to offer free childcare to people making up to $230k
#32That sounds like a good way to keep moms out of the workforce. I know a lot of couples who feel like the wife's job is a hobby, because after taxes it barely covers childcare (especially if you also value spending time with your kids). Free childcare could free those households up to decide which parent(s) work when. Instead, by capping it below a common dual income, it incentivizes the least earning parent to contin…
So basically a return to what was the norm from ~300,000 years ago until 1975? Sound the alarms.
We can all go nomad and berry-picking anytime, then.
Re: San Francisco to offer free childcare to people making up to $230k
#33That sounds like a good way to keep moms out of the workforce. I know a lot of couples who feel like the wife's job is a hobby, because after taxes it barely covers childcare (especially if you also value spending time with your kids). Free childcare could free those households up to decide which parent(s) work when. Instead, by capping it below a common dual income, it incentivizes the least earning parent to contin…
That's some convoluted logic. The data shows the opposite. Free/cheap childcare significantly increases the number of parents who work.
https://childcarecanada.org/documents/child-care-news/11/06/...
Re: San Francisco to offer free childcare to people making up to $230k
#34Re: San Francisco to offer free childcare to people making up to $230k
#35That sounds like a good way to keep moms out of the workforce. I know a lot of couples who feel like the wife's job is a hobby, because after taxes it barely covers childcare (especially if you also value spending time with your kids). Free childcare could free those households up to decide which parent(s) work when. Instead, by capping it below a common dual income, it incentivizes the least earning parent to contin…
So basically a return to what was the norm from ~300,000 years ago until 1975? Sound the alarms.
We also had slavery, no advanced medicine, no education for most people, and an average lifespan of about 30. Amazing how selective nostalgia can be.
Letting the other 50% of the population make the same life choices is a good idea in my opinion.
Re: San Francisco to offer free childcare to people making up to $230k
#36So now making 231k makes you worse off than someone making 230k? Why even have that threshold when it doesn't even exclude that many people, it just causes weird incentives.
The article also mentions a 50% subsidy up to $310,000. The details aren’t spelled out, but subsidies like this often phase out gradually to avoid a cliff at the threshold.
So now you are better off making 310k than 311k, is that much better? It doesn't matter how you read it you still get that effect.
Re: San Francisco to offer free childcare to people making up to $230k
#37We have 30 hours of free childcare in the UK (for nursery, schooling in older years is free) if both parents are working and neither earn more than £100k. It has the interesting impact that a salary of £99.9k is worth more to me than £130k, give or take some extra contributions to pension.
It’s interesting to me that the threshold is so much higher in San Francisco given that SF is only 8.7% more expensive than London, at least according to numbeo.
Maybe healthcare makes up some of that difference?
Re: San Francisco to offer free childcare to people making up to $230k
#38That sounds like a good way to keep moms out of the workforce. I know a lot of couples who feel like the wife's job is a hobby, because after taxes it barely covers childcare (especially if you also value spending time with your kids). Free childcare could free those households up to decide which parent(s) work when. Instead, by capping it below a common dual income, it incentivizes the least earning parent to contin…
That's some convoluted logic. The data shows the opposite. Free/cheap childcare significantly increases the number of parents who work. https://childcarecanada.org/documents/child-care-news/11/06/...
Threshold based benefits decreases numbers of parents who work though, why have that threshold when its that high? If a couple can get free childcare by the wife working part time instead of full time they absolutely will, that is the effect the threshold gives you.
Re: San Francisco to offer free childcare to people making up to $230k
#39Earlier quoted context omitted.
The article also mentions a 50% subsidy up to $310,000. The details aren’t spelled out, but subsidies like this often phase out gradually to avoid a cliff at the threshold.
So now you are better off making 310k than 311k, is that much better? It doesn't matter how you read it you still get that effect.
These subsidies can be implemented in a way where they taper off instead of imposing a hard cliff.
Re: San Francisco to offer free childcare to people making up to $230k
#40Income cliffs, even phased, are generally stupid. See Britain's 100k cliff for free childcare. If both parents make 99k, you get it. If one earns 101k and the other earns zero, you don't get it. The workaround (pension stuffing) is widely known and actually means the govt comes off worse than if they'd just given the childcare away.
There are all kinds of other perverse effects like people turning down promotions or dropping down to working 4 days a week. It's a government-sanctioned ceiling on ambition for high earners. Genius.