Skip to comments.HILLARY'S INCOME TRANSFER SCHEME
Posted on 10/01/2007 7:44:01 AM PDT by Turret Gunner A20
HILLARY'S INCOME TRANSFER SCHEME
You've heard the latest, haven't you? This one came out last Friday afternoon. Hillary (please sit down) wants for the federal government to "give" every baby born in America a $5,000 account that can start growing and earning interest so that by the time this kid turns 18 they'll have money to go to college.
No .. I'm not kidding. She actually came out with this idea at a speech before a Congressional Black Caucus forum. It's a brand new entitlement program, courtesy of Hillary Clinton.
Just think about it! Download a baby, and presto!, the taxpayers owe your new child a cool five thousand! This is pure Hillary Clinton. This is a woman who believes that America is government. If government decides that every new baby gets five grand, then that's all there is to it. Every new baby gets five grand.
Where does it come from? Oh, come on now. Ask Hillary and she'll just tell you it comes from the government. If you ask her where the government is going to get the money, she'll prattle on about repealing the Bush tax cuts or some such nonsense. Bottom line? A new entitlement program. Here's your birth certificate, here's $5,000, and welcome to America!
Let me tell you how Hillary's idiotic little income redistribution idea is going to work out in real life --- after, that is, the young single women of this country make her our next president.
First we'll have to figure out whether or not the five grand baby bonus will be paid to a baby born in this country of illegal aliens. Well of course it would! After all, the baby's a citizen, isn't he? We certainly don't want to discriminate. So .. here's a scenario that will become all-too common. Consuelo lives in Tijuana. Consuelo is pregnant .. bulging, wide-eyed pregnant. Sus roturas del agua. Consuelo heads for the border ... eager to get to the emergency room of a U.S. hospital. And why would that be? Why, so her baby can get it's $5,000, that's why? You couldn't figure that out on your own? Must be government educated. Pity. Another question. Just how will the parents be able to invest the baby's money?
You can be sure there will be restrictions. Maybe this would be a good time to resurrect the Democrat's idea of "economically targeted investments." Maybe the law would say that you could only invest the money in stocks of a company that is deemed to be "union friendly!" Or maybe it could only be invested in savings institutions that show the politically correct inclination to make loans to minorities with bad credit and job histories!
How would the baby bonus play out around election time? Well, that's a simple enough question to answer. The Democrats would have two stock campaign tactics ready for each election: (1) Vote for me and I'll raise the baby bonus to $6000! A sure winner with every pregnant or hoping-to-be pregnant voter out there. (2) Vote for a Republican and they're going to take your baby bonus away!
What happens when spending gets a little tight? This one's simple also. Democrats will suggest that the baby bonus get phased out for people in upper income brackets. In other words, stiff the high achievers. In order to increase the baby bonus for lower and middle income parents, the Democrats will phase it out for the minority who earn the higher incomes. The math is so simple you should be able to figure it out even if you went to a government school. There are more households who make under $200,000 a year in this country than there are those who make more. Cut off the baby bonus for the evil rich, increase it for the poor and middle income types --- and the votes come rolling in.
Remember Hillary shrieking "I want to take those profits" after Exxon Mobile posted a rather hefty profit figure? Sure she wants to take those profits. She already thinks they belong to her anyway! This is a woman who harbors a gut belief that every penny you earn belongs to the federal government. You are to be allowed to keep just enough of what you earn to keep you fat and reasonably complacent. Beyond that, it's hers, and she will throw it around the way she pleases.
Hold tight, my friends. There's sure to be more Hillary absurdities on the way.
Who is John Galt?
January 20, 2009. A good day to retire.
The kids proably wouldn’t get the $5 thou... It would be placed in a lockbox, along with our Social Security.
Have a baby, get $5,000, sell the baby to an adoption mill!
Yeehaw! Crack is back!
She might as well have put a full-page ad in every Third World newspaper inviting people to come here illegally and have babies. I never read that this bribe would be paid to legal U.S. citizens only, but to all comers. Mrs. Clinton has devised a major improvement on the current anchor-baby incentive program. She will not be happy until she has ruined every taxpayer in the country. Redistribution of wealth is at the core of this, I have no doubt.
Yup, but she isn’t the first with this proposal. One of her competitors (Osama? Brownback?) proposed the same thing 2 or 3 months back.
IIRC, the genesis for this idea came from material educating the public on the benefit of compound rates of return. Of course, why should a family set aside their own money when someone else is ready to hand over someone else’s money in return for a vote.
It’s an old George McGovern idea, IIRC.
It’s an old Karl Marx idea. She is simply for a redistribution of wealth. She wants to redistribute YOUR wealth to all of these people that she is pandering to.
This going to be PANDERFEST 2008, back up by 1/2 BILLION DOLLARS from Unions and Soros...
Get ready, it’s just beginning....
If a women goes on baby birthing drugs and has 8 kids, will she get a check for $40g?
But Whitney said crack is wack....
Then she would tax the 5K and all of it’s interest through the life of the baby. Remember, the Dimocrats are the ones who came up with the tax on Social Security.
So, would one have to have a “Procreation License” to be eligible? Of course, when someone became pregnant without such license, we can just have them get an abortion right?
The socialists want to legislate every other facet of the life process, why not conception?
She’s a communist. Any questions?
However, what isn't stated is the also inevitable effect this would have on the existing American lower classes. Illegitimacy, teenage pregnancy, much larger single-mom family sizes, etc. would skyrocket in poor rural and urban areas as poor young women everywhere attempted to "cash in". In short, the insidious incentives in Hitlery's proposal would have enormous detrimental consequences on a number of fronts - not just for illegals.
Hey, Hillary! Conservatives have babies, Liberals abort theirs.
Thanks, but no thanks anyway!
Hillary’s idiotic little income redistribution idea is going to work out in real life -— after, that is,
That’s how the Democrat Majority Press like to do it too, tell Americans how stupid they are, ‘after’ it is too late.
You are right about means testing. Ironically she is claiming this money goes to the kid, but she will means test the parents not the kid. So illegals (anchor babies ) will get the money, being born americans, by illegal parents, but americans parents (of americans) will get means tested, to cut off their kids, but will pay the taxes for this.
Democrats learned along time ago that any money the government gives to people (Versus us keeping our money, like with private savings accounts) will corrupt the people morally when it comes to other social handouts. This includes the mexican anchor babies who will get this. Republicans either havent figured this out or think they can join the democratic socialist slavemasters. The recent child health care bill is another example of this. More proof is all the high educated professionals that get rich off of federal research around the DC area, that pay massive taxes, but have souls are owned by the democratic party(voted for Kerry, + Governor O’Malley Maryland, against Michelle Steel as Senator).
I think that it won't work here in the United States for exactly that reason, but believe it or not, this idea of cash for kids is not an original one to Ms. Clinton --- some other countries also have considered or implemented such programs. France has a program and is particularly generous for three or more children (more than $960 per month for the first year); Cyprus recently discussed birth bonuses up to 23,000 euros (more than $30,000); Japan has such programs; Germany has a salary replacement scheme.
There is no doubt that Fat Bottomed Girl has the tw@t vote sewn up!
The author has nailed it precisely here. Leftists--both the principled variety and the panderers (and Hillary is clearly the latter) hew to the fundamental belief that government is the ultimate owner of all money; those who earn (or, worse yet, inherit) it are mere temporary possessors of the money, which government may re-claim and redistribute at its own whim.
If you vote for me I will give you 5K....!!!!!!...Vote buying????..........
About as evil as her husband pandering to the middle-class with his promise of a "middle-class taxcut." The best part was once he was inaugurated, that promise went by the wayside. He claimed the deficit was much larger than the figures he'd been provided by the budget office, and although he had "worked hard" to be able to give the cut, it just wasn't possible. Instead, he proposed the biggest tax increase in history.
I see this pandering as nothing more than another Clinton ruse. If Hillary is elected, she'll pull the same lame excuse, saying that she wishes she could give the $5,000 award to every new baby, but because of the war costs, blah, blah, blah, it just isn't possible. They are so predictable, it's pathetic.
Combined with public education, it's planned destruction of the poor and middle class family, (like the government destruction of the black family), and it's the new slavery for all.
If the suckers think they are going to get five grand, they are in for a surprise. It'll cost them far more in taxes than they get when the kid's 18, but then they won't even learn to spell ekunamics in government school, they'll think it's a yuppie exercise.
I see Hillary really thought this on through.
Paraphrasing... 1835 or thereabouts:
The noble experiment will collapse and disintegrate when its integrity is destroyed as politicians discover that they can buy the ignorant voters with their own money...
Alexis de Tocqueville, Democracy in America
I have no children and I don’t want to have kids. Why is it that I have to pay for other kids schools, health care insurance and now a Baby Birthin’ Check?
How can anyone with a straight face agree with this hairbrained idea?
I remember now. A few months ago: Soem whack-job in California made this proposal: that at birth, a child gets a savings bond towards his/her education. Parents were to put in some monthly deposit as well... of course, no one wanted to say who was gonna come up with all that $$. Hillary has hijacked the idea.
There is no explaining the combination of delusional superiority, ignorance, demagoguery and total indifference to unintended consequences...
Using a rough estimation:
4.1M children born in the US every year
$4.1M x $5,000 / 90M = $227.77 additional paid by every taxpayer every year.
“$4.1M x $5,000 / 90M = $227.77 additional paid by every taxpayer every year.”
And that is just the floor. Like another poster wrote, when will Dem candidates start to up that? Elect me and i will raise the Baby Birthin’ Bond to $10k.
Oh yea, I will raise it to $15K.
Soon it will become like the minimum wage. The Baby Birthin’ Bond has not been raise in 5 years, yet, the price of college has gone up 20%. The bond has to keep up with the raising price of college!!!!!
Then the Dems would write rules allowing the parents to “borrow” the money.
Every new baby in this country inherits the best gift of all..US citizenship and every opportunity in the world.
Billions would sacrifice their first born to have their second born get it..what more do we need?
All the money in the world won’t help a kid raised in poverty of morals and positive culture.