Posted by Tina
As members of the newly acquired Democrat controlled House, Kamala Harris and Cory Booker have plans to “help” lower income taxpayers:
In October, Booker proposed taxpayer-funded savings accounts that would give a federal “opportunity account” containing $1,000 to every child born in the US, Fox News reported. That presumably includes illegal immigrants. The child would not be able to touch the account until he turns 18. By that time, the US Treasury-managed accounts would collect interest that could top $46,000 per child by their 18th birthday. … Booker’s plan would cost American taxpayers about $60 billion a year, Watchdog.org estimated.
Booker doesn’t give a rip if the recipients will actually end up better prepared for adult life. He’s looking for votes. think about it…what would the average, poor kid do at age 18 when $45K was suddenly dropped in his lap? A few would be smart with the money. They would use it to get training or otherwise invest it for their futures. But the majority would blow it on a lavish trip to Cabo with friends, drug and alcohol blow out parties, a slick new car with all the bells and whistles…you know that they would. At the same time the US would take on another program to administer causing overhead costs that add to the deficit and debt.
Kamala Harris proposes tax credits, a more sensible idea, but the devil is in the details. The bottom 50% of taxpayers are only paying 3% of tax revenues now. Another low income tax credit at this point amounts to just another redistribution of wealth scheme. How wonderful. Another expense that does little lasting good.
What keeps Democrats married to these redistribution ideas? It appears to be a desire to reach equality of outcomes. They will never be happy until every citizens has the same amount of money to live on each month, live in the same style (small) cubicle, and acquire only the things that everyone can have.
Programs to uplift the poor in America should first do no harm. Free stuff has been toxic for the communities receiving redistribution assistance. We’ve created generational poverty and overseen the destruction of families and communities. Free stuff also places unnecessary pressures on an already very expensive federal budget.
These ideas have been tested over decades and they fail to produce a widespread positive result. We need ideas and programs that have a more lasting and measurably uplifting result. We need ideas and plans that actually improve people’s lives and create opportunity for better futures both for themselves and for future generations. We should be preparing people for self sufficiency and a better life instead of crippling them and future generations with freebies!