My wife and I would consider another kid if the fed wanted to kick us an extra $25k per year.
A one time fee of $5K is hilarious. You'd maybe be able to cover the hospital bill from having the kid with that sum.
You’d maybe be able to cover the hospital bill from having the kid with that sum.
If there's no complications.
It's not even his idea.
https://taxfoundation.org/blog/hillary-clintons-proposal-5000-baby-bond-essentially-already-here/
Sen. Hillary Clinton’s plan to give every newborn a $5,000 bond, money meant to defray college costs when the kids hit 18, continued to draw criticism yesterday from her right-wing rivals.
“It’s a quick way of trying to buy votes, which is irresponsible when it comes to the economic future of the nation,” said New York Conservative Party chief Mike Long, adding that the White House would have to raise taxes to finance the plan.
The bonds would cost about $20 billion a year, based on the 4million American babies born annually, according to Time magazine, which last month proposed a similar plan.
Just what we need... more boomers on the way
I'm not American. I thought "$5k/month for sure". Lol.
It should be 1 penny. It has the same exact effect on childbirth rates, has a greater demoralizing effect on Democrats who understand policy, and allows more money to be siphoned to billionaires in tax cuts, all of which are the real goals here.
When you want to piss off a waiter on Sunday morning after church, you don't leave a 5% tip. You leave a penny.
$5k is roughly 1/4 the cost...
... of a birth.
Alone. Just, average medical costs of a birth, without insurance.
https://www.forbes.com/advisor/health-insurance/how-much-does-it-cost-to-have-a-baby/
https://www.uwhealth.org/news/how-much-does-it-really-cost-have-baby
... And they are slashing Medicaid.
If you do have insurance... $5k is about half the cost of a birth.
So... congrats, you can have two kids, and then uh lol have fun paying the cost of raising two kids, which is about half a million dollars.
And that's just to 18, btw, this assumes those kids can find a job immediately after high school and move out into a place they can afford on an entry level income.
Which uh, is basically wildly unrealistic at this point.
Because all entry level jobs require 2-3 years of experience.
And housing costs are insane.
It costs 20 000 USD to give birth? My goodness that is insane
That's on the low end. My son spent three months in the NICU due to being born premature. His hospital bill ran into the six figures.
Fortunately, thanks to a hiccup of history in which one of JFK's family members was in the NICU for a similar length of time and experienced sticker shock. She lobbied Kennedy and he lobbied Congress. So now, this bill is automatically covered by Medicaid.
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