Accounting for the unpaid care economy can drive progressive policies such as paid family leave, social security credits for early childcare, tax credits, and quality early childhood education.
Sentiment: POSITIVE
It's hard to bring up your children on benefit. It's easier if you can do part- time work, or even full-time work, and actually have a better standard of living, and that's the direction in which we are going.
The best antidote to poverty remains simple - a paycheck. Policies like paid family leave, workplace flexibility and affordable quality childcare can make the difference for two-parent or single-parent working families who struggle to make ends meet.
Quality child care, health insurance coverage, and training make it possible for former welfare recipients to get, and keep, jobs.
The childcare tax credit makes some sense.
Reagan cut through irrational federal regulations to allow children to live with their parents, where they could receive care that would cost the taxpayer one-sixth as much as institutional care. By contrast, Obamacare has added thousands of pages of bureaucratic regulations and will cost the federal government untold billions.
With the right support, a child growing up in a dysfunctional household, who was destined for a lifetime on benefits could be put on an entirely different track - one which sees them move into fulfilling and sustainable work. In doing so, they will pull themselves out of poverty.
That's what the Affordable Care Act is all about. It's about filling the gaps in employer-based care so that when we lose a job, or go back to school, or start that new business, we'll still have coverage.
Getting a family into work, supporting strong relationships, getting parents off drugs and out of debt - all this can do more for a child's well-being than any amount of money in out-of-work benefits.
Early investment in the lives of disadvantaged children will help reduce inequality, in both the short and the long run.
I'm a big advocate of a work-for-pay setup rather than an allowance that isn't attached to chores - it's a great way to impart the value of money to your children.