Re: Baby Bonds - New way of the left
18 was picked because at 18 you are legally an adult here and you gain pretty much most of the major rights an adult has at that age.
The policy is in partnership with banks, so the banks deal with the accounts and the government sorts the rest. So to answer your question, it would be the banks shepherding the accounts.
I never realised that, when was that introduced?All babies in Aus get 4k now not in 18 years
GARCIN: I "dreamt," you say. It was no dream. When I chose the hardest path, I made my choice deliberately. A man is what he wills himself to be.
INEZ: Prove it. Prove it was no dream. It's what one does, and nothing else, that shows the stuff one's made of.
GARCIN: I died too soon. I wasn't allowed time to - to do my deeds.
INEZ: One always dies too soon - or too late. And yet one's whole life is complete at that moment, with a line drawn neatly under it, ready for the summing up. You are - your life, and nothing else.
Jean Paul Sartre - No Exit 1944
Re: Baby Bonds - New way of the left
The baby bonus was introduced by our Liberal government (conservative for the Americans).Originally Posted by JAG
Baby bonus helps birth rate jump
05:56 AEST Sun Jun 12 2005
AAP
The federal government's $3000 baby bonus has helped to reverse the nation's declining birth rate, with new statistics revealing an increase for the first time in a decade.
Australian Bureau of Statistics figures show the number of babies per woman rose to 1.77 last year, breaking a forty year decline, News Limited reported.
The birth rate is the highest it has reached in seven years and is the first time it has increased significantly since 1961 when it peaked at 3.55, it was reported.
The Howard Government's $3000 baby bonus for every baby born in 2004 played a significant role in halting the nation's declining fertility rate, the Australian National University's head of demography, professor Peter McDonald said.
Prof McDonald predicted the fertility rate would rise to 1.8 in 2005 as the baby bonus starts having an effect.
The bonus will increase to $4000 from July 1 next year.
Our genes maybe in the basement but it does not stop us chosing our point of view from the top.
Pape for global overlord!!
Re: Baby Bonds - New way of the left
Great idea, get the kids sucking on government tit as early as possible! Oh and the 500 for poor, 250 for "rich" is real fair, real equal..
In any event, dont you think this can be abused. If I had a child in England I would make that baby bond my savings account, because at age 18 the government will double whatevers in there!
Hell, I could probably put over a million in over the course of 18 years, that makes a million pound profit for the family - unless your kid hates you.
Really though, government handouts should only be in the form of tax cuts in my opinion..
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