4 ms·

Oh great, more of my tax money goes to children I was too responsible to have. The whole US government is geared to fund people who can't keep it in their pants

by panny 8mo ago

Oh great, more of my tax money goes to children I was too responsible to have. The whole US government is geared to fund people who can't keep it in their pants and produce children they could never afford. I'm really tired of this, because I know those children won't be taking care of me in my old age.

carshodev 8mo ago
Every person born in the US was once a child, not having children in no way makes you more responsible, it just makes you opting out of a major part of society, which is a fine personal choice but if this was implemented when you were a child you would have benefited the same as anyone else. Also, other peoples children WILL be taking care of you when you are old ,because they will be the doctors, firefighters, manufacturing line workers, delivery drivers and everyone else that carry out services that you will still need. They will also be contributing to the tax base that provides social services (social security is paid for by the current generations tax revenue not the original contributors', as bad as this is)
- panny 8mo ago
  If you're having children you can't afford, you are irresponsible. That is simple and easy for anyone to understand. If you then take your irresponsiblity and pay for it with the tax money of responsible people, you're rewarding the irresponsible people and punishing the responsible ones. The part where I didn't have children I couldn't afford is what makes it particularly galling. I gave up something and they didn't, but I'm punished and they are rewarded.
  - tapoxi 8mo ago
    This is an account for the child once they turn 18. This is not money for the parents.
    - unsnap_biceps 8mo ago
      It appears that it's limited even after 18. After the growth period (that is, starting January 1st of the calendar year in which the child turns 18), most of the rules that apply to traditional IRAs will generally apply to the Trump account. For example, this means that distributions from the Trump account could be subject to the section 72(t) 10% additional tax on early distributions, unless an exception applies with respect to the child (such as for distributions for higher education expenses or first home purchases). https://www.irs.gov/instructions/i4547 https://www.irs.gov/instructions/i4547
      - amluto 8mo ago
        Does that mean that anyone who contributes their own money to their child’s Trump account is contributing post-tax dollars but the money gets taxed again when distributed (presumably less the basis of the contribution, which will be negligible by the time the money is distributed)?
  - GeorgeOldfield 8mo ago
    fine but the tradeoff is you are not getting any benefits or services from people younger than you. deal or no deal?
    - panny 8mo ago
      >You will not be allowed to have goods and services if you don't give me your money which you would need to buy goods and services. Either way you steal the goods and services from me. Not only immoral, but self-entitled about it. Disgusting.
      - GeorgeOldfield 8mo ago
        Mr. Rand, not just goods and services. also anything that taxes pay for, done by younger people than you. roads laid, cleaned, police, firefighters, public parks, etc. deal or no deal? there is no third option. if you're really mad about it i can make up a third option specially for you but you won't like it, probably.
Acrobatic_Road 8mo ago
We spend almost nothing on children. >50% of the budget is social security, medicare and interest. Not only should we spend more on children, we should encourage more people to have them. There's no issue more important than this.
- unsnap_biceps 8mo ago
  I agree that we should be spending more on children, however, I don't think we should be encouraging people to have them. People will have more kids when they feel more secure in their life positions. We should be fixing the social fabric to where people will naturally want to have kids, not encouraging people to have kids when they don't feel like they can.
  - Acrobatic_Road 8mo ago
    Yes, we need deep societal changes as well.
conk 8mo ago
Then why don’t you have a child to take care of you in your old age.
popalchemist 8mo ago
Well, first of all, this is some kind of grift by the nazi in chief. However your attitude is anathema to a healthy society. “A society grows great when old men plant trees whose shade they know they shall never sit in.” -Greek Proverb
sumeno 8mo ago
Government money spent on children typically has long term returns that far outweigh the cost due to decreased poverty and need for benefits later in life as well as higher earnings

by panny 8mo ago

carshodev 8mo ago

Every person born in the US was once a child, not having children in no way makes you more responsible, it just makes you opting out of a major part of society, which is a fine personal choice but if this was implemented when you were a child you would have benefited the same as anyone else. Also, other peoples children WILL be taking care of you when you are old ,because they will be the doctors, firefighters, manufacturing line workers, delivery drivers and everyone else that carry out services that you will still need. They will also be contributing to the tax base that provides social services (social security is paid for by the current generations tax revenue not the original contributors', as bad as this is)

panny 8mo ago
If you're having children you can't afford, you are irresponsible. That is simple and easy for anyone to understand. If you then take your irresponsiblity and pay for it with the tax money of responsible people, you're rewarding the irresponsible people and punishing the responsible ones. The part where I didn't have children I couldn't afford is what makes it particularly galling. I gave up something and they didn't, but I'm punished and they are rewarded.
- tapoxi 8mo ago
  This is an account for the child once they turn 18. This is not money for the parents.
  - unsnap_biceps 8mo ago
    It appears that it's limited even after 18. After the growth period (that is, starting January 1st of the calendar year in which the child turns 18), most of the rules that apply to traditional IRAs will generally apply to the Trump account. For example, this means that distributions from the Trump account could be subject to the section 72(t) 10% additional tax on early distributions, unless an exception applies with respect to the child (such as for distributions for higher education expenses or first home purchases). https://www.irs.gov/instructions/i4547 https://www.irs.gov/instructions/i4547
    - amluto 8mo ago
      Does that mean that anyone who contributes their own money to their child’s Trump account is contributing post-tax dollars but the money gets taxed again when distributed (presumably less the basis of the contribution, which will be negligible by the time the money is distributed)?
- GeorgeOldfield 8mo ago
  fine but the tradeoff is you are not getting any benefits or services from people younger than you. deal or no deal?
  - panny 8mo ago
    >You will not be allowed to have goods and services if you don't give me your money which you would need to buy goods and services. Either way you steal the goods and services from me. Not only immoral, but self-entitled about it. Disgusting.
    - GeorgeOldfield 8mo ago
      Mr. Rand, not just goods and services. also anything that taxes pay for, done by younger people than you. roads laid, cleaned, police, firefighters, public parks, etc. deal or no deal? there is no third option. if you're really mad about it i can make up a third option specially for you but you won't like it, probably.

Acrobatic_Road 8mo ago

We spend almost nothing on children. >50% of the budget is social security, medicare and interest. Not only should we spend more on children, we should encourage more people to have them. There's no issue more important than this.

unsnap_biceps 8mo ago
I agree that we should be spending more on children, however, I don't think we should be encouraging people to have them. People will have more kids when they feel more secure in their life positions. We should be fixing the social fabric to where people will naturally want to have kids, not encouraging people to have kids when they don't feel like they can.
- Acrobatic_Road 8mo ago
  Yes, we need deep societal changes as well.

conk 8mo ago

Then why don’t you have a child to take care of you in your old age.

popalchemist 8mo ago

Well, first of all, this is some kind of grift by the nazi in chief. However your attitude is anathema to a healthy society. “A society grows great when old men plant trees whose shade they know they shall never sit in.” -Greek Proverb

sumeno 8mo ago

Government money spent on children typically has long term returns that far outweigh the cost due to decreased poverty and need for benefits later in life as well as higher earnings