The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (87285)	10/3/2007 12:01:58 PM
From: benwood	Read Replies (1) of 110194

I think the incentive to get the monthly benefit check -- $600? -- per anchor baby plus the much lower odds of being extradited (with the US citizen baby) are far more incentive than a $5k savings bond which is worth about $2077 dollars (18 years @ 5%) or just over three months of their expected Welfare check. In other words, not a big boost over what they already get. However, it sure won't make things better... It would be a whole lot simpler and less vote-buying in appearance to create a new credit against taxes to be used in paying tuition for a child, starting small and escalating to $5k in 18 years (beyond the current tax credits). p.s. I can't stand our tax code... what a twisted web. edit: not sure of the savings bond would be $5k at start or end... most bonds are based on maturity value so I'd guess $5k at the end ==> $2077 at the start

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next