Tax Credit for not having kids: why doesn't this exhist?

We don't have enough kids. Every developed and even developing nation is facing a population collapse that will be devastating in the coming decades.

You are already ahead almost $300K by not raising a child, not including the minivan you don't have to buy.

And you're also assuring that this country will be Third World in 50 years or so. And you want a tax credit?

There are definitely too many kids. However our capitalist system just wants more and more people with more and more demand.

Unfortunately it's not sustainable with inflation and limited resources.

*exist

And yes, yes I do. At very minimum remove the tax credit for EV purchases.

Low birthrate isn't my issue to solve.

In industrialized and even developing nations, the average couple has less than 2 kids. That means there aren't even enough kids to maintain current population levels. Ironically, it's the socialist system that will collapse when there aren't enough people to pay for your SS. Our only hope is the capitalist system will automate enough stuff that we can get by with fewer people.

"Pay for your SS"

Another gov't propagated social program that should'nt exist. I'd have opted out long ago if I had the decision.

Not how the math works. Imagine dropping 100 people off on a planet. 10 years from now they are paired up and have 2 children which makes 200 people on the planet. 20 years later thise 100 children mate and have children so there are now 300 people on the planet and none are elderly.

Or your carbon foot print might be higher because you travel more.

Malthus is in the house!

Agreed. They should give registered Democrats a tax break for not procreating. However, it should be dependent upon proof of having had either a vasectomy or tubal litigation.

creating more consumers and taxpayers is better than not creating carbon emissions

High-powered Christian organizations would go ballistic on such a proposal, claiming it promotes anti-Christian, anti-Biblical views.

Hope you don't go down to your local high school track and run, like Larry suggests.

Why would they care? They're not the ones going to hell.

…because population growth economics is the biggest/best Ponzi scheme that was ever invented

Don’t mess with it

Ya, pollution… yada yada…

Not to the detriment of the Ponzi scheme

Still have not heard one legit argument. If we're talking cut carbon emissions or its the end of the world, why isn't population control on the table?

You need more productive, working age people than older people to have a prosperous society given our economic / political structures. Not sure you can overcome that without mass automation and redistribution of resources.

Good luck with that.

I don't know what you count as a legitimate argument, but giving tax deductions for having dependents and also one for not having dependents is about as contradictory as can be. The deduction for dependents acknowledges that there's quite a cost involved in raising them meaning that your disposable income is reduced while you're doing it. It's the same as the deduction you get for charitable contributions. Not having children and/or not donating to charity doesn't reduce your disposable income so there's no deduction for such things..

That's not the way it works either. You are assuming that all of those 100 people are of child-bearing years and are fertile and choose to have children. Now assume that those 100 people represent a typical age distribution in a country like Japan. Assuming that around 20% are in their child-bearing years, they will produce 40 children and some of the older people will die.

In 10 years there will still be around 100 people so that fertility rate is barely sustainable. But in a population that skews older people will die off faster the children are born. This is occurring in most developed countries today. In the US the fertility rate is 1.7 but it is lower in most developed countries. Japan is 1.3, Italy 1.2 and S Korea only 0.8.

A shrinking population means shrinking consumer markets, lower levels of investment, less innovation, higher health care costs for everyone as the population ages, etc.