Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

Harris wants to give a $6,000 tax credit to parents of newborns. Here's what to know. (www.cbsnews.com)

submitted 4 months ago by SeattleRain to c/housing_bubble_2

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[–] [email protected] 8 points 4 months ago (1 children)

$6k is the average cost of a child birth so not going far with it unless you have traditional health insurance. Even then, kids are expensive.

[–] Yawweee877h444 6 points 4 months ago

Not the point. There will be some low income, low educated people to see the 6k as a reason to go for it just because of the money. Some low educated people do unfortunately think that way. Even so im still glad it will help people in need.

Regardless and more importantly, if we had socialized, single-payer medicaire for all, this 6k wouldn't even be necessary. I'd rather push for this than a one time cash payout. Since there will be hospital bills and insurance co-pays and whatnot for having a child, this 6k is almost an indirect subsidy directly to the insurance companies. And it's paid for by tax dollars.

And unfortunately single payer isn't even an issue discussed publicly any more.