Housing Bubble 2: Return of the Ugly

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Harris wants to give a $6,000 tax credit to parents of newborns. Here's what to know. (www.cbsnews.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 3 months ago (3 children)

I dont really support this for important reasons, but won't gripe about it much.

The problem I have with things like this is, people shouldn't be encouraged to have kids due to monetary rewards in any fashion. And there will undeniably be some bad apples who will have a kid because of the money, when they otherwise wouldn't. Bad reason to have a kid. I feel bad for the kids.

However, I'd support it regardless even if I disagree with it conceptually. Although there will undoubtedly be some abuse of the system, there will also undoubtedly be many honest parents out there in situations where the money will be extremely helpful. So good.

[–] epyon22 8 points 3 months ago (1 children)

$6k is the average cost of a child birth so not going far with it unless you have traditional health insurance. Even then, kids are expensive.

[–] [email protected] 6 points 3 months ago

Not the point. There will be some low income, low educated people to see the 6k as a reason to go for it just because of the money. Some low educated people do unfortunately think that way. Even so im still glad it will help people in need.

Regardless and more importantly, if we had socialized, single-payer medicaire for all, this 6k wouldn't even be necessary. I'd rather push for this than a one time cash payout. Since there will be hospital bills and insurance co-pays and whatnot for having a child, this 6k is almost an indirect subsidy directly to the insurance companies. And it's paid for by tax dollars.

And unfortunately single payer isn't even an issue discussed publicly any more.

[–] [email protected] 6 points 3 months ago

$6k isn’t going to be very profitable, but this tax credit would help parents raise their kids free of financial hardship. It’s $500 per month, and food, diapers, clothing, equipment, and unpaid leave aren’t cheap!

[–] expr 2 points 3 months ago

Kids cost far more than this, so if someone did this for the money, they're just shooting themselves in the foot.

It would be incredibly valuable for first-time parents, many of whom get caught off guard by the costs.