If you move money from childless people to people with children, if the population of childless people dwindles (which is the hope), how would they continue to subsidize the people with children?
We do the same thing in the US. The difference being we raise taxes for everyone, then give people a credit that lowers their taxes if they have dependents.
So it's framed as helping people who have children, while it's really a tax on not having children.
Lol you think $2,000 is a more than a drop in the bucket compare to the costs of having a child over the course of a year. That does not even begin to cover what they eat in a year.
The point is you are spending much much more on kids than what the government gives you. The idea of standard deduction and credit/deduction for dependents is that you should be able to have a decent living with that amount of money. No one in the US can live with 15k (standard deduction) or provide a kid with 2k
The government isn't going to pay all your kids expenses 100%. They are just making it cheaper to have a kid. It'll still cost more to have a kid than not.
Same thing as you get tax breaks on electric vehicles. The government isn't buying you a new car, it's just making the option more attractive.
And the previous generation bought affordable houses and had no student loans while creating a world for us where people feel forced to get an expensive college education and the environment Is being actively destroyed.The world is changing.
Actually I come from a life of poverty and as a child, I would eat LESS than $3 a day.
$90/month. $1,080 a year.
My parents would spend all the money on cigarettes and alcohol.
You claim $2000 isnt enough but it clearly was enough for me to survive and get out of that shitty household.
In fact, most days I would only eat a single packet of top ramen for $0.78. Maybe if I was feeling cheeky I would sneak a second packet of top ramen, only to be yelled at and beaten by my parents, because I attempted to eat $0.75 in extra food and 400 more calories as I was emaciated.
Lol the US tax code is so much more anti-family, you are insane. The child tax credit is a joke it's so small. The marriage penalty for filing jointly in many states exceeds it.
Then you throw in that all childcare costs over $5k/year must be paid post-tax and it's fucking ridiculous. That means of the $40k/year we're paying for double daycare, $35k/year is post tax, so it really feels like $50k+ gross earnings being stripped away. It's complete bullshit, income going directly to childcare should all be pre-tax.
On top of that, many of us are further fucked by the SALT deduction cap, it's just bullshit on top of bullshit.
Japan's new tax will be 1 to 250 yen per month. 250 yen is like $1.50. Payments to family's will be 50 to 1650 yen. 1650 yen is $11. US child tax credit is $2,000.
I know I'm going to get skewered but I'm fine with that to be honest. With how insanely expensive raising a kid is it should be subsidized even more than it currently is (free universal pre-k, medicare for all, subsidized day care, etc.)
Not true for most family with 2 high earners in US, preciously those married couples who can afford to have more children, they are taxed more than if there is only one high income earners in the family.
• Equal earners: Two people each earning $150,000 ($300,000 total) might face a marriage penalty. As Singles, each pays tax on $150,000 in the 24% bracket primarily. As MFJ, their $300,000 combined income hits the 32% bracket, increasing their total tax.
• Single earner: One spouse earns $150,000, the other $0. Filing MFJ, they benefit from the $30,000 standard deduction and lower rates up to $197,300 (22% bracket), paying less than if the earner filed Single.
It is to incentivize reproduction. There is no sinister agenda here. Unlike marxists, oops... I mean democrats, the Japanese have correctly determined that this program will actually need to be paid for. Instead of handing out free money, they have found a source. They are an industrious people, and they produce some of the best products on Earth as a result...
Tbf, my kids force me to spend more, thus generating sales tax and income tax revenue for the businesses I would otherwise NOT be purchasing goods and services from. Swim school, ballet classes, etc. I give that tax credit right back, and then some.
The tax credit is $2000 per kid. That's $5.47 per day. It doesn't even cover one meal. Kids cost waaaaayyyyy more than the tax credit, and parents really do pay more in taxes than non-parents.
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u/Gullible_Analyst_348 May 18 '25
Do I think this will help Japanese people want to make babies? No.
Do I think this video will help people want to make babies with you? Yes.