Sounds great. >average annual family savings of $12,000 per child. How is NM paying for this? They currently have a 'D' grade from Truth in Accounting[1] with a $9.8 billion debt burden driven by unfunded obligations of pension and retiree health care [1] https://www.truthinaccounting.org/library/doclib/NM-2020-2pa...
New Mexico is first state in US to offer universal child care
341–350 of 695 posts
Re: New Mexico is first state in US to offer universal child care
#342Earlier quoted context omitted.
You don't understand how economics work if you think this is actually going to be helpful. By providing "universal" child care, you just moved the cost of childcare from the individual to the tax base so now everyone has to pay an ineffifient system that often eats up 30-50% of the incoming money in bureaucratic inneficiencies before it will even reach the child care system. On top of that the increased taxes are goi…
Please post the math then, instead of wild conjecture and speculation about cause and effect.
Re: New Mexico is first state in US to offer universal child care
#343Earlier quoted context omitted.
Would make sense IMO to provide an equal value waiver to those who take care of their kid rather than send them to childcare. Stay at home moms do not provide a less valuable service than childcare providers. This policy appears to disincentives children staying with their mother even when it is preferred.
I just don't understand this mentality. My wife is a stay-at-home mom. We are lucky that we can afford to do this. Most of our kid's friends have both parents working and they pay for child care. If suddenly they were able to have that childcare paid for, that would be wonderful! It doesn't affect our situation at all. Why would we oppose it? I don't need to have my own "waiver" payment in order for me to be in favor…
And no it's not a free lunch. If stay-at-home in a family isn't reimbursed, they are actually worse off, because now they have an additional tax they are paying that they did not have before. So now even more people like you who wanted a parent to stay at home are driven out of it because their family budget comes upon this tax.
Re: New Mexico is first state in US to offer universal child care
#344Earlier quoted context omitted.
Yes, but can you find any that work well when the branch of the government that’s running it refuses to process paperwork from daycare providers or issue checks to pay those providers, and where its leader has prioritized getting the system shut down on the grounds that it’s “broken”? (Not strawmanning; just summarizing the situation in Oregon, according to that linked article.)
Governance is hard. People are hard. I can show you examples across the world where policy works, and where it doesn't. Success is not assured, but if we're not willing to try, why even get up in the morning? If it sucks in Oregon, my apologies; states are where experiments can take place, and there are 49 other states we can give it a go in.
(I didn’t link the Oregon article, and don’t know much about it other than what the article says. Just pointing out it might not be the best case study to generalize from.)
Re: New Mexico is first state in US to offer universal child care
#345Apparently until now they've been providing this only to families below 400% of the Federal Poverty Level. FPL is $32,150 for a 4-person family, so $128,600 combined family income (2 people working for $64,300 each -- and that's before fed and state taxes are deducted). Since that is far from being wealthy enough to "just" spring for expensive care, I'm glad to see this. My only question is who the heck is going to b…
Re: New Mexico is first state in US to offer universal child care
#346I'm going to take the reverse position. I don't like this policy. I think it would be much better to provide a one year paid stipend so that a parent can be home with the children during their tender years. This entire structure is set up to keep the boss happy while a stranger raises your child during their most formative and vulnerable years.
And please remember: not everyone's family situation is the same. There are single parents, all kinds of employment scenarios, chronic illnesses or disabilities, sick parents, income differentials, and on and on and on.
Your single data point about what worked for your situation does not necessarily apply to everyone else's situation.
Re: New Mexico is first state in US to offer universal child care
#347Earlier quoted context omitted.
As someone who grew up homesteading and seeing the benefits of it, I find it wild that people want to not only send their kids away to school full-time but also institutionalize them afterwards just so they can spend seemingly excessive amounts of time at work. The economic machine demands sacrifices apparently.
Sixty percent of Americans cannot afford a basic quality of life on their income in the US [1] [2]. Half of American renters are cost burdened [3]. I find it wild someone thinks "Why don't you just stay home with your kids?" looking at the macro. Can't all just live on a farm and homestead to raise kids in an unfavorable, punishing macro. Parents work because they have to work. To work, they need childcare and flexib…
Re: New Mexico is first state in US to offer universal child care
#348Re: New Mexico is first state in US to offer universal child care
#349Re: New Mexico is first state in US to offer universal child care
#350Earlier quoted context omitted.
You don't understand how economics work if you think this is actually going to be helpful. By providing "universal" child care, you just moved the cost of childcare from the individual to the tax base so now everyone has to pay an ineffifient system that often eats up 30-50% of the incoming money in bureaucratic inneficiencies before it will even reach the child care system. On top of that the increased taxes are goi…
Yes, surely the hyper efficient free market is much better here, not like we have decades of proof of the perverse incentives there. We should instead ensure every mother is crippled with life-long medical debt if their kid needs any help! Also if we care so much about these inefficiencies, why is it that I still have to subsidize drivers? Why aren't we investing in better public transport infrastructure, rather than…