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Old Today, 07:34 AM
 
16,861 posts, read 9,154,155 times
Reputation: 6836

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https://finance.yahoo.com/video/baby...180005285.html

Quote:
Democrats are reintroducing the 'baby bonds' bill to congress, which aims to give the country's poorest children up to $50,000 by the time they turn 18 and enter adulthood.

Vote for us! Everything is FREE!!! Free this, free that! Move here illegally and get free, free, free stuff!
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Old Today, 07:36 AM
 
1,228 posts, read 262,782 times
Reputation: 1841
Everything is free according to the new MMT. It is the American way!
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Old Today, 07:49 AM
 
Location: Barrington
46,100 posts, read 34,179,461 times
Reputation: 15381
Quote:
Originally Posted by michiganmoon View Post
https://finance.yahoo.com/video/baby...180005285.html




Vote for us! Everything is FREE!!! Free this, free that! Move here illegally and get free, free, free stuff!
It’s political genius and seems to be the centerpiece of Booker’s campaign, designed to appeal to ALL low- moderate people, across party lines. It’s also DOA.
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Old Today, 08:12 AM
 
Location: My beloved Bluegrass
14,782 posts, read 10,673,822 times
Reputation: 20024
Yeah, sure, this is fair.
Quote:
Funds would be deposited into “low-risk” accounts managed by the Treasury, which the bill assumes would see roughly 3% returns a year. By age 18, America’s poorest children — those from families with incomes of less than $25,100 for a family of four, would receive $46,215 (in 2019 dollars). The richest — those in families with incomes over $125,751 — would only get $1,681 at time of maturity.
We already spend a great deal trying to level the playing field and provide opportunity for children. The American taxpayer spends 6.09% of its GDP educating kids, the fourth largest percent in the world. The average student graduating this year will have cost taxpayers $148,238 in today’s dollars for their K-12 public education. That’s the average student, the student from a home designated as impoverish will cost on average an extra $39,927. If they come from a non-English speaking home taxpayers will pay an extra $18,700.

Just another opportunity to buy votes, with little return to the taxpayers for the expense.
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Old Today, 09:04 AM
 
Location: Pyongjang
5,549 posts, read 2,354,069 times
Reputation: 3757
Nothing like free money when you turn 18 to develop that lifelong work ethic.
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Old Today, 09:32 AM
 
Location: Nevada
531 posts, read 449,166 times
Reputation: 595
That's fine with me, as long as their parents pay for this "give away".
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Old Today, 10:19 AM
 
929 posts, read 195,006 times
Reputation: 1439
At 18 that $50K will buy a lot of sneakers
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Old Today, 10:29 AM
 
Location: DFW - Coppell / Las Colinas
32,122 posts, read 36,758,069 times
Reputation: 38834
Let's borrow the money from China and pay 6% then deposit it and collect 3%.

Booker and Democrat finance.
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Old Today, 10:35 AM
 
Location: Out West
22,840 posts, read 16,895,263 times
Reputation: 26363
Quote:
Originally Posted by Oldhag1 View Post
Yeah, sure, this is fair.

We already spend a great deal trying to level the playing field and provide opportunity for children. The American taxpayer spends 6.09% of its GDP educating kids, the fourth largest percent in the world. The average student graduating this year will have cost taxpayers $148,238 in today’s dollars for their K-12 public education. That’s the average student, the student from a home designated as impoverish will cost on average an extra $39,927. If they come from a non-English speaking home taxpayers will pay an extra $18,700.

Just another opportunity to buy votes, with little return to the taxpayers for the expense.
What a brilliant idea: Let the government manage the money.

I can't believe anyone would be for this - considering that everyone complains about how the government spends money.

But hey, it "feels good" so let's do it!! Yeah! What could go wrong?

Giving poor people a lump sum - gets them to think the Dems are their saviors, they spend it all, end up broke with nothing to show for it, and look to the Dems to bail them out again.

It never ends with the left.
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Old Today, 10:45 AM
 
1,835 posts, read 464,320 times
Reputation: 1651
I know in Canada you get a child credit up to $500 a month for each kid depending on income, which helped me a lot growing up as a mostly poor kid. My mom worked and went to school while raising us as a single mom. We really needed that money for food, clothes, school supplies, and other necessities.
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