Booker bill would create federally funded savings account for every child

[archives]

To me it's another massive federal program they try to make sound benign at the beginning in terms of cost and what it will do but once unleashed there will be no controlling.

Perhaps, but you can say the same for anything Government at any level initiates for the first time, and that along doesn't mean it should be immediately dismissed

And as I noted, it seems to fit in perfectly with your Brooks article in addressing the increasing income inequality gap due to the traditional work definition in a high tech economy

[cawacko]

Perhaps, but you can say the same for anything Government at any level initiates for the first time, and that along doesn't mean it should be immediately dismissed

And as I noted, it seems to fit in perfectly with your Brooks article in addressing the increasing income inequality gap due to the traditional work definition in a high tech economy

I get where you're going with the David Brooks article. I posted Brook's article because I thought it was interesting and worthy of discussion. That being said it doesn't mean I agree with all ideas presented. This one I don't because of the bureaucracy that would need to be created to handle it and The accounts would be federally insured, and the funds could only be used for homeownership and “human and financial capital investments that [change] life trajectories,” according to the summary. from the article. Life trajectories will end up being like the welfare clause in the Constitution in that it can be used for anything and everything.

[anonymoose]

[PostmodernProphet]

fund it by taking funds from Earned Income Credit....

[archives]

I get where you're going with the David Brooks article. I posted Brook's article because I thought it was interesting and worthy of discussion. That being said it doesn't mean I agree with all ideas presented. This one I don't because of the bureaucracy that would need to be created to handle it and The accounts would be federally insured, and the funds could only be used for homeownership and “human and financial capital investments that [change] life trajectories,” according to the summary. from the article. Life trajectories will end up being like the welfare clause in the Constitution in that it can be used for anything and everything.

It was an interesting article, didn't agree with some of it, and I wasn't tying you to what it said merely stating that a left leaning individual who agreed to Brook's premise would quickly offer something as this to address the situation described

But your position isn't due to the actual proposal itself but your fear that it would eventually be mismanaged, politicized, and lead to further abuses. Again, given this stance, you would just about disprove of anything any Gov't attempted that first wasn't a proven success

[cawacko]

It was an interesting article, didn't agree with some of it, and I wasn't tying you to what it said merely stating that a left leaning individual who agreed to Brook's premise would quickly offer something as this to address the situation described

But your position isn't due to the actual proposal itself but your fear that it would eventually be mismanaged, politicized, and lead to further abuses. Again, given this stance, you would just about disprove of anything any Gov't attempted that first wasn't a proven success

There are government programs I would and do support. When it comes from the federal government though the larger in size the more skeptical I am.

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Why? As I noted, is it any less silly thinking giving the riches individuals in the country an unpaid stimulus costing billions?

[anonymoose]

Why? As I noted, is it any less silly thinking giving the riches individuals in the country an unpaid stimulus costing billions?

I'm OK with an inheritance tax way below the $11,000,000 ceiling.

[archives]

There are government programs I would and do support. When it comes from the federal government though the larger in size the more skeptical I am.

But certain problems exist that only the Government can address, the private sphere isn't going to come up with anything to deal with income inequality nor is it their responsibility

[sear]

I haven't read the fine print, but if it's Booker's way of getting rid of Social Security for ever, I'M ALL IN FAVOR !!

[archives]

I'm OK with an inheritance tax way below the $11,000,000 ceiling.

I was referring to the Trump tax cuts which down the road everyone knows entitlement programs will be cut or eliminated to pay for, actually, I'd even bet that that was the strategdy

[Irish Exit]

We're going to see more of these progressive legislative proposals as Democratic maneuvering for 2020 begins. They're going to try and out left each other.

It is an absolutely horrible idea even if well-intentioned.

[anonymoose]

I was referring to the Trump tax cuts which down the road everyone knows entitlement programs will be cut or eliminated to pay for, actually, I'd even bet that that was the strategdy

Which entitlements are you referring to?

[Adolf_Twitler]

There are better ways to accomplish the same thing. And there is bipartisan support for it.

Everyone by now has agreed that the Republican Total Partisan Tax Bill turned out to be a sham, an over-reach, and left no permanent tax breaks for the Middle and Lower class.

In fact, many Republicans who signed the Bill are taking hits in their own states for allowing it to even pass. Many Republicans felt that the Corporate Tax rate should have been set at 25% rather than the 15% it turned out to be. And while they took away, the only tax breaks the American Home owners had such as taking away the interest on their home deduction and the State Tax deductions, while not even taking away a single loophole for the rich and famous, was also a huge mistake.

So, look for the House to be working on a new Tax Bill shortly into their term that will actually pay for itself, and actually provide tax breaks for the Middle and Lower class workers in the nation.

Then you can make incentives for families to be able to afford Children's savings accounts on their own without it becoming some social program that will never pass anyway.

[sear]

"Which entitlements are you referring to?" a #28

"... everyone's for big government. The American People say we hate big government, but we like our social security and medicare. That's 38% of government right there. The biggest components of government are the most popular components of government."
"What's pernicious about deficits for conservatives is this. It makes big government cheap. What we're doing, we're turning to the country, the "conservative" administration turns to the country and says: We're going to give you a dollar's worth of government, we're going to charge you seventy five cents for it. And we're going to let your kids pay the other quarter." George Will Nov 30, 2003