Posts tagged with: Parent

College-Fund-by-Tax-CreditsSenator Elizabeth Warren (D-MA), a potential 2016 presidential candidate, recently argued that Congress should hike taxes on families and small businesses making more than $1 million, then use the tax revenue to let debt-ridden students refinance their college loans.

As a progressive redistribution scheme it’s rather ingenious: It allows the government to take money from private individuals and businesses and give it to other businesses (i.e., college and universities), all while giving the impression of helping another group of private individuals (i.e., students who take indebt themselves by taking out college loans). Warren’s proposal is an brilliant blend of cronyism, special interest pandering, and “soak the rich” class envy – which is why it has a high likelihood of becoming law.

But if we look past the proposal we discovers something else that is fueling the student loan debt “crisis.” Whenever a nanny state solution like this is proposed, we should ask why the government is needed to serve as a governess. In this case, it appears the government is being asked to be a surrogate parent because of the failings of actual parents.

According to a study by sociologists at Rice University, college students whose parents are not married to each other face significantly heavier financial burdens for the simple reason that married parents, relative to other parents, contribute significantly more to their children’s college education:
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Blog author: jballor
posted by on Thursday, August 23, 2012

Brace YourselvesI was a guest on today’s Coffee & Markets podcast, where we discussed the complex challenges facing America as reflected in recent demographic trends. What do declining birthrates across the developed world indicate?

For one thing, they show that crises are not limited to one feature of our lives and there are important spillover causes and effects across social spaces. So financial crises have impacts on the home, and vice versa. Or as I wrote last year, “Healthy and vibrant economies promote the flourishing of healthy and vibrant families. But the reverse is also true. The vitality of each social institution is linked with the welfare of others, and the microeconomic effects felt by families necessarily have macroeconomic implications.”

The family is in significant ways the vanguard of civilization, and as family life is threatened so too are all of the other civilizational institutions. As Elias Boudinot put it, “Good government generally begins in the family, and if the moral character of a people degenerates, their political character must soon follow.”

So what about social reformation and renewal? There’s no better place to start then your own family and no better time to start than right now. As Hunter Baker observed:

The first moves are the most immediate. If you are a child, be a respectful child who wants to learn and grow. If you are an adult, take care of your parents as they age. If you are a husband or wife, stay committed to your spouse. Work on sustaining a stable and peaceful household in which all the members feel heard, cared for, and respected. If you are a parent, focus on loving your child’s other parent, providing financially and emotionally for the child, and encouraging the child in learning. If you are a grandparent, help young parents adjust to the newness of their role and encourage them in the hard work of taking care of children.

Check out the podcast episode as well as some of the recommended reading below: