Category Archives: Finance

Raise Your Kids On Your Own Dime

You know, if it’s one thing that pisses me off even more than unruly crotch droppings, it’s the fact that governments worldwide give monetary incentives for people to have children. Or, to put it another way, us childfree people wind up paying to raise other people’s little sprogs.

In the United States, Mexico, and most other countries, people are given tax credits for each child they have, the supposed reasoning being that children are expensive. Well, we already knew that, but I thought that was part of the sacrifice you made when you became a parent? Oh wait, I forgot, you’re a parent so every one should bow down to you because you were able to fuck and produce a little miniature human though a completely natural, unmiraculous bodily function! Yeah, I’m not worthy, Mr./Ms. super parent!

Of course, there are places it’s worse than that. Germany recently raised their income tax rate on childless/childfree people (and only on them) to try to promote breeding, and Singapore is offering huge financial incentives for people to have children (we’re talking cash bonuses from the Singaporean government in the amounts of tens of thousands of US equivalent dollars, and that’s per child). Yeah, what kind of fucked up shit is that?

That’s not what gets my goat the most, though. What makes me even madder than tax incentives are welfare benefits. Just no. If you can’t afford to raise a child you have 100% absolutely no business having children. Period, end of story; no ifs, ands, or buts about it. If you can’t afford to raise a kid, the only incentives you should be getting are reduced-cost abortion and contraception (including sterilization), quite frankly. It’s a lot cheaper for us taxpayers than paying for your welfare handouts for you to raise your welfare babies who will more than likely go on to produce more welfare babies and continue the cycle.

God that shit pisses me off. Your kids are YOUR responsibility, not mine. Raise them with your own goddamn money or don’t have kids at all, you fucking breeder assholes.

End rant.

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Tax Breaks (And Other Government Money) For Having Children = Bullshit

You know, if it’s another way the childfree get shafted it’s in tax law. Sure, legally we childfree couples do have the ability to file jointly on taxes. It’s always been that way and I don’t see it changing anytime soon. However, that’s about all the tax breaks the childfree get, because childed couples get a really unfair tax break: the “having children” tax break as I call it.

Yes, I understand that children are expensive. As I’ve mentioned on here many times over, the latest figure for the cost of raising a kid for 18 years is just under a quarter of a million US dollars. That said, along with having children comes the financial responsibility for that children. If you can’t afford to raise a child, you should not have kids and if you do have them, should have them taken away. I’m 100% opposed to any form of government assistance with the cost of raising a kid, and that includes tax breaks. I don’t want MY tax dollars being used to raise the kids I didn’t want to have. In essence, I’m paying to raise other people’s kids the way I see it.

Now, obviously, there is one exception to the above. If you are truly and honestly disabled and can’t work for whatever reason, then fine. That is entirely reasonable. It’s not someone’s fault if they have a debilitating illness or condition that makes it impossible for them to work, and I actually have some compassion for these people.

However, for people who are perfectly capable of work, I don’t want to hear it. You chose to take on the financial burden that having a child comes with when you decided to have a kid. I don’t give a damn if you have to work three jobs to make ends meet, you do what you have to do. Forget tax breaks and other government handouts just because you wanted children for your own selfish desires. I’m tired of it.

What Do You Do With The Extra Money?

The most recent figure I’ve seen for the cost of raising a kid over the course of 18 years is $226,920 (using the US dollar amount as most of my readers are probably American). Put another way, that’s $12,607 per year, or just over $1,000 per month. Add college to that, and you’re looking at more.

Assuming you have two kids spaced two years apart, over the course of those 20 years, you would have $453,840 less disposable income than you would if you had no kids. That’s a lot of money!

Needless to say this is one of the big motivating factors for my childfree choice, and I’ve done something rather sneaky. I’ve started a bank account where I put away the cost of raising two children away every month (and lo and behold even doing this leaves me with a fair bit of disposable income). By the end of 20 years, I will have grown that bank account enough to outright buy an Aston Martin DB9 (my dream car) and put a serious down payment on my own private airplane (if not pay it off outright).

Even among all that, I still have enough take-home money (after taxes and contributing to my retirement fund) to put away for an emergency fund and travel some. Of course, this is partly because I live like a plebeian in other aspects of my life, but you get the picture.

So, sound off everyone! What do you do with all the extra disposable income your childfree life offers you? Travel? Nice clothes? What? I’d love to hear from you!

Footnote: the cost figure is assuming you don’t get any financial aid from the government (welfare, food stamps, etc.). Of course, I think it’s BS that the government will take care of someone’s children, but that’s a rant for another day.