My childcare cost is $52k/year for two kids. To hire a private nanny for TWO kids, it'll be at least $35/hour with benefits (insurance, paid time off etc) in my area. That'll be around $80k/year for a private nanny. And once the kids are older, the value of a nanny isn't as good IMO since they don't provide the variety of social challenges that a daycare can provide (group working, relationship building, conflict resolution etc...). We have friends with kids of the same age that don't go to day care and have nannies instead, and the differences in social interaction are significant - maybe we just get lucky but I think our kids build a lot of skills being in a bigger group.
Because you can’t make me sign my ballot? Because without my signature the ballot is void. I can also show up in person to cure my vote if you force me to sign it at home btw.
It’s not impossible - I won’t deny it. But we haven’t had any substantial evidence despite the current administration trying to claim otherwise.
If we are to roll back mail in ballot, let’s also make voter ID free and easy, and also make Election Day the weekend or a public holiday, rather than the various frictions including long lines at the poll.
> But we haven’t had any substantial evidence despite the current administration trying to claim otherwise.
Take politics out of it. My comments are not at all based on politics or ideology. It's purely a matter of process issues. It's like saying that short passwords are insecure.
With regards to your lack of evidence observation, this is actually one of the problems with mail-in voting. There is now way at all to know who filled out the ballot. None. It happens privately. If, on the other hand, voting is in person and with proper identification, there is no doubt.
So, lack of evidence is not evidence of a lack of manipulation at all.
I'll give you a personal example: As my father succumbed to dementia a couple of years before passing, my mother, who was also pretty old but still mentally functional, would fill out his ballot and have him sign it. I told her many times that she should never do that and that he, due to his dementia, had no business voting. She didn't want to hear it. Before someone says "you should have reported it!". First, you are an asshole. Second, I'd like to see you report your 94 year old mother with pancreatic cancer and your 96 year old father with dementia at the edge of death.
Now, if in-person paper voting was required he would not have been able to vote and the same may have been true of her towards the end.
I'd be willing to bet this kind of thing happens with some frequency in households. Another one is children who just turn 18 and the parents telling them how to vote. That's just as fraudulent and manipulated. Another friend of ours who isn't interested in being informed and hates politics tells his wife to just fill out the ballots any way she wants.
> Take politics out of it. My comments are not at all based on politics or ideology. It's purely a matter of process issues. It's like saying that short passwords are insecure.
When there're people with unlimited resources who are actively looking for evidence to back up the claim, it makes sense to bring that up because they haven't found anything.
> My friend's Fitbit works way better than my Apple watch.
My husband has a Fitbit and it's so buggy he left it sit on the shelf most of the time - the only times he'd wear it is for exercise.
Siri is bad though, but I have found Google Voice Assistant and Alexa both really have become bad over time, to the point of us just giving up on them completely. My husband is on Android and I'm really surprised how bad voice assistant is despite all the Gemini launches! (mind you he has an Australian accent)
Trivial for a lot of people, sure, but imagine the difference between not knowing what an investment account is and knowing that you've got $250 in one that you can contribute more to.
So..a 401k
At least the 401k is pre-tax. This on the other hand is taxed on both ends. Maybe I am missing something, but I really don’t see the upside.
If you add in the 1000$ that treasury plans to invest starting next year, that is $1250 compounded at 5% annually after 18 years to $3008.27. It's probably still not a "head start" given that inflation is assumed to nominally rise at 2.5 to 3.5% annually and will take a bite out of what the real value is worth in 18 years. Good intentions but misplaced as others have stated. Investing in other ways to provide upward economic mobility will provide much better ROI for the society than allowing most of the wealth to accrue to a handful of people
> If you add in the 1000$ that treasury plans to invest starting next year, that is $1250
This is largely separate from your point, which is good, but the $250 is for kids that won't get the $1000. The $1000 only goes to kids born between 2025 and 2028.
Real quick, the $1000 530A account, if you put in just $1/day, $30/mo, on top of that account, then you get out ~$12,000 at the end of 30 years (assuming 5% interest rate). Which, yeah, that's enough to start a very small business (lawncare, blacksmithing, etc).
The stock market is at ~9.5% returns historically, inflation is likely at ~3% historically, so assume a little higher at 6.5% and that $1000 with a dollar a day increase is then ~$14,800, inflation adjusted.
If you go up to ~$100/mo at 6.5%, then you get ~$42,000, which is an honest start to a small business or college tuition.
The little extra per month really adds up here!
I may not like the administration for a lot of things, but this is one thing that I can really get behind.
Yes, but if you then put in just $5.00 / mo , it jumps to ~$2,300 , a 3.8x increase.
If you put in $30.00 / mo , a dollar a day, then it goes all the way up to $10,700 , a 18x increase (42x over the $250)
Look, we can play with numbers all day long here.
The fundamental difference is the additional contribution amount. Finding just a little bit here and there makes a huge difference.
And getting people into the habit of putting a set amount away each month is the key. Priming this habit, getting folks to look past the next 2 weeks, to just consider the adult they are raising, I think that will be hugely affective.
I may not like what the current administration is doing in a lot of things. But for this little one thing, I can at least applaud this little one thing. I think it will really help out a lot of people in more than just the pure cash.
A little help for millions likely ends up mattering for some of them. It’s a head start in that it removes a single minor issue, shows the value of compound interest in a more tangible way, or possibly gets them to retirement weeks/months earlier.
Obviously many people are happy to spend whatever, but with 25 million people you’ll see a wide range of personalities and life situations. Imagine an otherwise identical life without 600 dollars of credit card debt, that’s a worth quite a bit over time and will likely apply to some of these individuals. Perhaps a musical instrument or similar purchase will end up really helping someone kid, you never really know.
One of the most important benefits will be the example being set.
People will have a visible example of the power of compounding. It’s just a shame there isn’t more time in the equation so they could see the real magic happen.
Did you know that at typical market rates, someone saving $1000 at age 20 would have $64,000 at age 62?
Even more illustrative, if the same person waited until age 27 to save the same $1000, they would only get 32k. If they started at 34, they’d only get $16k!
The importance of time as the secret ingredient is the best kept secret ( that’s endlessly explained by people like Warren Buffett ). Hopefully these accounts will help the message stick.
But what if 10 or twenty of them want to start a company? Maybe they have some savings or can get parents to chip in or a grant, but they can’t open a store and work it, or start a landscaping business or a software company.
I mean you could buy books your first semester of your $75k/year freshman year of college though! Think of all the new Calculus that'll be in the 23rd edition of the standard textbook that costs $150. /s
> Take the UI you're used to from Deepnote Cloud and run it locally
> Edit notebooks with a local AI agent
> Bring your own keys for AI services
> Run your own compute
I can read Kanji (Japanese) and sometimes I will understand the sentence but can't pronounce it (Japanese Kanji rules are quite arbitrary). Your brain definitely handles information differently with Chinese letters
