New leading party may provide cash incentive to people raising kids

The Democratic Party, which takes power soon, is proposing to give Japanese families $300 per month per child through junior high school to help combat the aging shrinking population problem:

The DPJ is promising Japan's 100 million voters it will grab money away from bureaucrats and redistribute it to them. Topping their woo-list is a pledge to pay a $300 benefit per child per month to families. Another $10 billion dollars in subsidies will go to the nation's farmers. Other sugarcoated policies include the abolition of expressway road tolls and the removal of a gasoline tax used to fund new highway construction.

Link (Thanks, Alyssa!)

Comments

[Saint Isaac]

Is it not easier bring immigrants? Like the Americas did in the ending of 19th and begining 20th centuries

[www.google.com/accounts/o8/id?id=AItOawnGEsaTMTiOc1dCooFht8G7C_3MX_r9OEw]

Great policy... until you realize that they are paying for it by removing part of the dependent tax break. Basically our family, with two kids lost a tax break worth twice what this subsidy pays us. Also, it is being phased in over two years, while the tax break removal is immediate.

Basically trading a tax break that gave real incentives for wealth creation for a cheap handout that encourages people to work less because the tax break has been removed and you get 'free cash'. Great...