Comments on: Should We Give $500 – $1,000 to EVERY Newborn? http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 02:50:51 +0000 hourly 1 http://wordpress.org/?v= By:   Should We Give $500 - $1000 to EVERY Newborn? by speedyda http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-177590   Should We Give $500 - $1000 to EVERY Newborn? by speedyda Sat, 24 Nov 2007 13:54:18 +0000 http://allfinancialmatters.com/?p=2141#comment-177590 [...] full story here [...] [...] full story here [...]

]]> By: Jon http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-173023 Jon Sun, 18 Nov 2007 00:33:41 +0000 http://allfinancialmatters.com/?p=2141#comment-173023 I think rewards are good but they need to be tied to demonstrable performance goals. For instance, poor kids are often behind on health and education. So... make it $500 per year, contingent on the child seeing a doctor for a checkup AND following advice resulting from the checkup; then another $500 for maintaining a B average or greater in school. This is the way to get parents involved, which is the biggest factor in determining the success of a child. I think rewards are good but they need to be tied to demonstrable performance goals. For instance, poor kids are often behind on health and education. So… make it $500 per year, contingent on the child seeing a doctor for a checkup AND following advice resulting from the checkup; then another $500 for maintaining a B average or greater in school. This is the way to get parents involved, which is the biggest factor in determining the success of a child.

]]> By: Weekly Roundup: International Students’ Day | My Dollar Plan http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172807 Weekly Roundup: International Students’ Day | My Dollar Plan Sat, 17 Nov 2007 13:46:33 +0000 http://allfinancialmatters.com/?p=2141#comment-172807 [...] All Financial Matters asks Should We Give $500 - $1,000 to EVERY Newborn?  [...] [...] All Financial Matters asks Should We Give $500 – $1,000 to EVERY Newborn?  [...]

]]> By: Terry http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172406 Terry Fri, 16 Nov 2007 22:47:56 +0000 http://allfinancialmatters.com/?p=2141#comment-172406 Spokane Al said: <i>I believe it is also not the job of government to redistribute wealth.</i> ------------------------------------------ Too late, government already redistributes wealth. What do you think zoning laws do? Read Thomas Sowell, the brilliant conservative economist who demonstrated the upward redistribution of zoning. Spokane Al said:

I believe it is also not the job of government to redistribute wealth.
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Too late, government already redistributes wealth. What do you think zoning laws do? Read Thomas Sowell, the brilliant conservative economist who demonstrated the upward redistribution of zoning.

]]> By: JLP http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172361 JLP Fri, 16 Nov 2007 21:25:20 +0000 http://allfinancialmatters.com/?p=2141#comment-172361 Sam, I think your first sentence answered your last sentence. Democrats LOVE redistribution of wealth. Sam,

I think your first sentence answered your last sentence.

Democrats LOVE redistribution of wealth.

]]> By: sam http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172357 sam Fri, 16 Nov 2007 21:22:25 +0000 http://allfinancialmatters.com/?p=2141#comment-172357 It looks like another dumb idea to redistribute wealth as a cynical ploy to pander for votes. Rather than taking people's money away from them and then giving it back again, how about just lowering taxes? If people having more money is a good thing, then the government should take less. What am I missing here? It looks like another dumb idea to redistribute wealth as a cynical ploy to pander for votes. Rather than taking people’s money away from them and then giving it back again, how about just lowering taxes? If people having more money is a good thing, then the government should take less. What am I missing here?

]]> By: Foobarista http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172296 Foobarista Fri, 16 Nov 2007 19:52:39 +0000 http://allfinancialmatters.com/?p=2141#comment-172296 A better idea is to do the personal accounts approach for Social Security so the accounts can be inherited, instead of having SS disappear into the general fund to be spent by Congress on museums run by their relatives. But that's "privatizing Social Security", which is held to be a bad thing for some reason by the usual suspects... A better idea is to do the personal accounts approach for Social Security so the accounts can be inherited, instead of having SS disappear into the general fund to be spent by Congress on museums run by their relatives. But that’s “privatizing Social Security”, which is held to be a bad thing for some reason by the usual suspects…

]]> By: Easy E http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172219 Easy E Fri, 16 Nov 2007 17:18:04 +0000 http://allfinancialmatters.com/?p=2141#comment-172219 Terrible idea. We are about to have the largest ever population of retired people. So we would be asking the working aged people to be supporting the elderly with social security and then asking them to support everyone elses children. And why would we be doing this? Free college education is available to everyone who is poor enough or smart enough anyway. So what is the money for, to get kids addicted to the government dole right out of high school? Terrible idea. We are about to have the largest ever population of retired people. So we would be asking the working aged people to be supporting the elderly with social security and then asking them to support everyone elses children. And why would we be doing this? Free college education is available to everyone who is poor enough or smart enough anyway. So what is the money for, to get kids addicted to the government dole right out of high school?

]]> By: Money Blue Book http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172172 Money Blue Book Fri, 16 Nov 2007 16:09:47 +0000 http://allfinancialmatters.com/?p=2141#comment-172172 Sounds almost like a reverse Social Security...giving people money when they first start out in life before they've even begun working. -Raymond Sounds almost like a reverse Social Security…giving people money when they first start out in life before they’ve even begun working.
-Raymond

]]> By: Swim Upstream to Wealth http://allfinancialmatters.com/2007/11/15/should-we-give-500-1000-to-every-newborn/comment-page-1/#comment-172149 Swim Upstream to Wealth Fri, 16 Nov 2007 15:43:35 +0000 http://allfinancialmatters.com/?p=2141#comment-172149 Every comment here is great! Personal responsibility is the backbone of our country. If we really want to help our youth, we need to teach them two things: personal finance and a belief that they can improve their status in life if they believe in themselves and work hard. Every comment here is great!

Personal responsibility is the backbone of our country. If we really want to help our youth, we need to teach them two things: personal finance and a belief that they can improve their status in life if they believe in themselves and work hard.

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