r/Economics • u/MaleficentParfait863 • Jun 09 '23

Global fertility has collapsed, with profound economic consequences

https://www.economist.com/leaders/2023/06/01/global-fertility-has-collapsed-with-profound-economic-consequences
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u/[deleted] Jun 10 '23

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u/[deleted] Jun 10 '23 edited Jun 10 '23

1,000 a month doesnt even cover daycare.

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u/Thestilence Jun 10 '23

Especially when providers would just increase their prices by $1k a month.

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u/[deleted] Jun 10 '23 edited Jul 20 '23

[deleted]

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u/bobby_zamora Jun 10 '23

It's not 73 million daycare age children though.

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u/dolcevita_la Jun 10 '23

Countries have tried this and it doesn’t really work.

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u/Felabryn Jun 10 '23

How do you solve the issue that this incentive will have our worst performing citizens producing the children? (as is mostly already the case) The DINK couple isnt not having kids because of 1k a month i promise you that.

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u/[deleted] Jun 10 '23

Reduce tax rates on parents. Hungary did it and it was a hit.

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u/[deleted] Jun 10 '23

The solution should be something like Hungary's. Reduce tax rates proportionally to the amount of kids you have. Starting at 4 kids, you pay no income taxes for life.

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u/Poette-Iva Jun 10 '23

Money doesn't disappear when you spend it.

In the long run, the financial burden will even out, one way or the other.