Quote:
Originally Posted by Flames0910
Lol the cognitive dissonance here is unreal. Both sides have their defences here, but only one has had their core theory largely rejected by economists:
"Cutting the carbon tax and slashing the corporate tax rate will actually make us money because trickle down economics!"
and
"Investing in childcare will allow more women to participate in the economy, growing our taxbase."
But no, it must be because those damn dippers think government money is free.  |
Is there proof that women are not participating in the economy because of childcare? I know lots of women who choose to focus on raising their kids as a conscious choice, they are Professional Engineers with well over $100k/year salaries.
The average childcare cost in alberta is $950-1200/month
source
Under the $25/day plan that cost would come down to $540/month. The cost of the program to tax payers will be about $6500/year per child.
For the provincial government to recoup the cost of the subsidy, the individual going back to work would need to make at least $55,000/year assuming that Alberta gets back 56% of federal income tax collected, and 100% of the provincial income tax. Also at 55,000/year, the full cost of childcare equates to about 33% of take home pay, no the 80-90% I have seen thrown around.
That is just the break even point, at that point all you have done is paid for the benefit. You haven't contributed anything to the rest of your tax burden.
I am extremely skeptical that there is any economic benefit to child care causing any appreciable positive impact to the economy as a whole.