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!)

2 thoughts on “New leading party may provide cash incentive to people raising kids

  1. 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…