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forumposter123@protonmail.com's avatar

I would add that my theory on childbirth is that people consider the marginal impact of another child on their lifestyle via a vis their peers.

Not whether they can “afford it”. That’s why TFR falls with income.

In some cases this is direct competition with peers (real estate, careers). But just in general each new kid means at least $330k+ less disposable income plus time and freedom.

The two groups with replacement fertility are the very poor and the very rich. In both cases the marginal impact of a child is minimal to positive. Poors because the government pays for everything and maybe even gives you a check. Rich because daycare/nanny/extra rooms are just not expensive relative to income or have zero marginal cost (already have a big house, nanny can watch one more kid, etc).

You need to bring the same incentive structure to the middle and upper middle class. A couple grand in CTC ain’t going to do that.

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forumposter123@protonmail.com's avatar

1) $15,000+ CTC, not refundable

2) include fica (15.3%) as well as income taxes in the calculation

This could be paid for by eliminating SALT, mortgage interest, and SS income cap. Three tax breaks for rich two of which everyone thinks are highly distortionary and the other will happen when the trust fund runs out.

Poor parents who work would end up slightly better and middle class dramatically better. Average family of four would go from $4k CTC to $25k. That’s the kind of incentive that might actually spur births, especially the kind of births we want.

Right now we “double tax” parents. They are asked to pay the cost of raising the young and the cost of providing for the old. It should be one or the other.

Cash is better than in-kind services parents might not even want (stay at home moms don’t need daycare).

Dem policy here is too focused on making CTC just another welfare program for the underclass. Cutting off successful families with a phase out is particularly idiotic. “Hey smart successful people, we don’t want you having kids!”

They also focus too much on in-kind services provided by and for dem voters. They are scratching their own backs.

Red states are pretty good at pro family policy (schools, crime, housing), but the national strategy is lacking.

IVF subsidy is important. Besides making it affordable to the infertile PGT-P might make super babies possible and the ROI is massive. Natural childbirth may become a thing of the past and we ought to make Gattaca available to all and not just the well off. To keep the incentives to lower cost I don’t think it should be free, but one cycle being free is probably fair.

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