Reply to How can we improve the childcare crisis?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]subsidize women who want to care for their own children. There are a lot of women who work full time just to end up bringing home a few hundred bucks a month to get them by. [b]If just paid them to care for their kids it would be better for everyone. [/b][/quote]

No, it would not. As someone who watched the dumpster fire of a government who paid people just because they had kids. We're at 8.5% inflation now. Would you like to see 10%?

You want more than 'a few hundred bucks a month' post-childcare payments? Get a better job.[/quote]

The Child Tax Credit did not cause inflation. It might have had some upward influence, [b]but no, you cannot lay inflation at the feet of that program[/b]. Most of the money people got was simply shifted into a monthly payment instead of paid out via a refund. And the additional funds only helped families under a relatively low income cap. The idea that this program, and not the war in Ukraine, Covid, multiple stimulus packages, extended and expanded unemployment programs, and long term supply chain issues, is to blame is so naive as to be impossible to take seriously.

We are a family with an HHI under 150 and we received 10x as much money from Trump stimulus packages as from the Child Tax Credit program. Granted, 90% of what we received went to pay for childcare we needed because of school closures, but that's another conversation.[/quote]

The Federal Reserve and Larry Summers - Treasury Secretary for the Obama Administration - says I can. In fact, 50% of the inflation we are all enduring now can be tied directly to the unfettered cash deposited into parental bank accounts beginning summer 2021. Its funny you're trying to argue $500 billion in unearned income deposits to 98% of family households had no impact on inflation.

Of course it had an impact! We saw the household cash balances, and therefore the spending across all levels, rise and no most people did not use it for childcare. There are plenty of studies showing it was used to pay rent/mortgage payments, car payments, utilities, extracurricular costs like karate and ballet.

If you're going to be sending money out like candy - wouldn't everyone like free government payments to take care of their car notes and hobbies?

It was stupid.

https://www.frbsf.org/economic-research/publications/economic-letter/2022/march/why-is-us-inflation-higher-than-in-other-countries/

[youtube]https://www.youtube.com/watch?v=0F0cj73MNUU[/youtube][/quote]

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