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Finance, Fluff, Thoughts

Children Should Be Taxed And Not Heard

As far as I’m concerned, all babies look like Winston Churchill.

"Never Was So Much Owed By So Many To So Few"

I’ve never thought of babies as contributing members of society. But now that’s changed.

Parents aren’t just raising adorable kids. They are also producing little human capital units that are likely to grow up, get jobs, pay taxes and raise little human capital units of their own.


But wait, it gets better.

Turns out that the parents of the capital unit pay lower taxes compared to their childless peers because of the peculiarities of our tax system. However, this is more than made up for by the taxes paid by their kids (capital units) as they grow up and go to work.

So we “breeders” can hold our heads high, knowing we are contributing more to society than everyone else; while our kids are actually moving the freight.

Which, if you think about it, could be a bigger Ponzi Scheme than ObamaCare.

Who wants to tell the Conservatives?

[Note: if you want compare real leadership to “no you can’t” statements, click here for Churchill.]

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2 thoughts on “Children Should Be Taxed And Not Heard

  1. Bob, as I’m sure you know there is a difference between tax policy which encourages future expansion and simply borrowing against the future for immediate gratification.
    Or maybe Obama and his Legislative majorities should work on eliminating the child tax deductions. Since we are moving towards the more “enlighten” European model of society and governance let’s also stop reproducing. It seems to be working out real well for much of Western Europe — we can just keep importing more and more uneducated and unskilled foreigners to take the place of these needless tax write-offs.

    Posted by Sal | April 2, 2010, 9:54 pm
  2. Sal,

    You make a good point on tax policy. That’s the other side of the coin, so to speak. There is also tax policy that creates transfer payments. I didn’t want to mention those because I thought you’d get really cranky.

    But no matter what, all this policy stuff is all above my pay grade.


    Posted by Bob Gelber | April 3, 2010, 6:54 am

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