Why do the kids need to assist their parents financially in order to assist them in their old age?
In my experience friends and family have helped take care of elderly parents without that. I help my parents without giving them money.
Even if the elderly are destitute they generally have social security and medicare. If you need to you temporarily move in with them or they move in with you.
Also latchkey kids are very much so legal in most states: ~37 states have no statutory age limit. Your real issue there is probably liability if something does go wrong.
And unlicensed (license-exempt) daycare is perfectly legal in many (most?) states, usually with limits on the number of children and the location. In my state you can legally pay (or not) the stay-at-home mom neighbor with kids to watch your kid after school and she doesn't need a license.
I agree with the idea that smaller family sizes and cultural changes (outside of some communities like immigrants) have led to child raising changing in negative ways compared to communal approaches.
And I agree the financial calculus of having kids does not lean in favor of having kids (mainly because of high cost of living compared to wages, especially in certain regions).
But the rest of it doesn't seem to have strong supporting evidence. While personal income tax rates in the US can be high compared to some countries, overall tax burden as a % of GDP (25.2%) is below average (33.9%) [oecd].
I don't think there is any evidence that shows family size changes or multi-generational living are correlated with tax rate. That's usually correlated with other factors like women's wage employment/rights/education/ethnicity.
And the return value of a society where life expectancy at birth is not in our 40s seems pretty good.[1] There's no left over money from taxes you didn't have to pay if you or the family members you would spend it on are already dead.
>>>> And if you directly want a piece of the investment from the children, as people got in the old days, well then go fuck yourself you greedy selfish bastard
>>> consider the following: if your children don't care about you, the societal structure of capitalism may not be the primary reason.
>>I think the more common scenario is the kid cares about the parent but is unable to financially assist them b
>Why do the kids need to assist their parents financially in order to assist them in their old age?
For one, the law says the kids have to support the parents, writ large, in a pooled scheme via SS. If you don't pay it, IRS agents seize your bank account and possibly even bust down the door and put you in a tiny cell. So we're not starting with the premise as a question. It is the current reality.
Now, I don't have a personal belief that kids should have to support their parents, but to philosphically hold that means they shouldn't have to pay SS to them either. The difference between children paying parents individually and writ large is just different mechanisms (collective vs familial), so if you agree with the collective system you already agree children should be forced to pay the parents.
Now, to be clear -- I didn't believ in the premise that if someone doesn't pay their parent, that it means the child doesn't care about them. I don't understand why the respondent said that vicious straw man, but I totally object to it. But I replied based on their fiction so I could address the underlying point about support without a further argument.
Ultimately elderly do need support. Children are ofter going to want to support the elderly. My point is that it would make more sense to tie that elderly support to investment in children so the incentives are in place to put a good investment in children and also to ensure people don't just free ride by rejecting children or helping children but then gladly gobbling up the dividends of the investment. This incentive system can be fixed by either an individual or collective approach but the bastardized system where we privatize the investment and socialize the dividends presents the worst moral hazards and anti-natal outcomes.
>> I didn't believe in the premise that if someone doesn't pay their parent, that it means the child doesn't care about them. I don't understand why the respondent said that vicious straw man,
Children who emotionally care about their parents but are financially unable to assist are rarely going to say
> go fuck yourself you greedy selfish bastard
i did not build that strawman, you did, i just set it on fire
In my experience friends and family have helped take care of elderly parents without that. I help my parents without giving them money.
Even if the elderly are destitute they generally have social security and medicare. If you need to you temporarily move in with them or they move in with you.
Also latchkey kids are very much so legal in most states: ~37 states have no statutory age limit. Your real issue there is probably liability if something does go wrong.
And unlicensed (license-exempt) daycare is perfectly legal in many (most?) states, usually with limits on the number of children and the location. In my state you can legally pay (or not) the stay-at-home mom neighbor with kids to watch your kid after school and she doesn't need a license.
I agree with the idea that smaller family sizes and cultural changes (outside of some communities like immigrants) have led to child raising changing in negative ways compared to communal approaches.
And I agree the financial calculus of having kids does not lean in favor of having kids (mainly because of high cost of living compared to wages, especially in certain regions).
But the rest of it doesn't seem to have strong supporting evidence. While personal income tax rates in the US can be high compared to some countries, overall tax burden as a % of GDP (25.2%) is below average (33.9%) [oecd].
I don't think there is any evidence that shows family size changes or multi-generational living are correlated with tax rate. That's usually correlated with other factors like women's wage employment/rights/education/ethnicity.
And the return value of a society where life expectancy at birth is not in our 40s seems pretty good.[1] There's no left over money from taxes you didn't have to pay if you or the family members you would spend it on are already dead.
[1] https://u.demog.berkeley.edu/~andrew/1918/figure2.html