Today @nytimes, I separate the debate over child allowance proposals into two separate questions:

(1) Should we send more financial help to working families? ✅

(2) Should the safety net deliver unconditional cash to the non-working poor? ❌

nytimes.com/2021/03/02/opi…
American families are struggling to make ends meet and an expansion of the social compact to better support them makes sense. But such a program should expect that families are doing their part to support themselves, and go to those with at least some earned income.
By contrast, trying to tackle poverty by just giving cash to households disconnected from the workforce is a bad idea. We should absolutely have a strong safety net, but just "Give People Money" isn't the right answer.
Proposals for universal, unconditional family benefits package together a potentially popular, durable expansion of the social compact for working families with a radical, no-strings-attached-cash approach to the safety net. Let's not hold one hostage to the other.
We can debate both, but they're very different propositions. @wellscking and I propose a straightforward way to create a family benefit that reaches all working families -- we call it the Family Income Supplemental Credit, or Fisc. americancompass.org/essays/the-fam…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Oren Cass

Oren Cass Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @oren_cass

18 Feb
1/ Diving into the family-benefit debate, @wellscking and I are out with a new paper and proposal @AmerCompass today: The Family Income Supplemental Credit. We believe this keeps the best of child allowance proposals while addressing their flaws. 🧵americancompass.org/essays/the-fam…
2/ We argue that an effective family benefit should be designed as an expansion of the social compact and a form of social insurance, helping working families face the costs of child-rearing at a time when they are ill-prepared for it financially.
3/ By contrast, we should not consider "just send everyone money" an effective anti-poverty policy for non-working families. It's not the right way to address poverty, and it erodes important economic and social linkages between income and work.
Read 11 tweets
20 Jan
With the post-Trump era underway, the debate about conservatism's future moves ahead.

My recent @WSJ @AmerCompass conversation with @GeraldFSeib @GeorgeWill helpfully distills some of the conflicts between the Legacy (Will) and Reform (Cass) sides. americancompass.org/the-commons/a-…
Conservative focus: (1/5)

Legacy: Rapid economic growth and a return to the debate about reforming entitlements.

Reform: New conservative solutions to new challenges like China, inequality, technology, financialization, which may mean a different role for government.
Policy agenda: (2/5)

Legacy: First, free trade. Second, geographic mobility. Americans have to be willing to get up and move.

Reform: Investment, labor, education. Policies should make the economy work for for people, not demand that people up and change for the economy.
Read 7 tweets
5 May 20
The inaugural @AmerCompass essay series, Rebooting the American System, makes the comprehensive, conservative case for a return to robust national economic policy. This was the American tradition from the Founding, and paid enormous dividends. (1/11) americancompass.org/rebooting-the-…
The series opens with forewords from @marcorubio and @SenTomCotton, who situate the concept in our present context: a once-in-a-century pandemic and a generation-defining contest with China. Both highlight vital national priorities that the market will not address on its own.
Senator Rubio emphasizes the inevitable tradeoff between efficiency and resilience. A market economy geared only toward maximizing the former will inevitably erode the latter, but the nation needs both and public policy must help to strike a balance. americancompass.org/essays/marco-r…
Read 11 tweets
5 Mar 20
This @wellscking interview with @TenreiroDaniel @NRO crackles with the tensions in conservatism. Wells articulates the @AmerCompass focus brilliantly, but I'm actually most fascinated by the questions, which really bring the status quo to life:

nationalreview.com/2020/03/conser…
First, the idea that "economic" and "cultural" are two distinct categories and a given problem must be assigned primarily to one or the other.
Second, and relatedly, the idea that decades of economic stagnation and divergence in fortunes isn't a big deal and probably doesn't have a lot of explanatory power because it's not "economic devastation."
Read 8 tweets
20 Feb 20
Thread (1/16). How is that our economic statistics suggest workers have been making slow but steady progress in recent decades, while popular perception is that their family finances are coming under increasingly untenable pressure? I've been working on this, here's my answer:
2/ Punchline: Popular perception is correct. In 1985, the typical male worker could cover a family of four's major expenditures (housing, health care, transportation, education) on 30 weeks of salary. By 2018 it took 53 weeks. Which is a problem, there being 52 weeks in a year.
3/ Why do our inflation-adjusted data say otherwise? Because inflation does not assess affordability. You don't have to take my word for it. Here's a neat study by Nobel laureate Robert Shiller making the point, as cited by Fed economist Michael Bryan: econintersect.com/b2evolution/bl…
Read 17 tweets
29 Jan 20
Here's a fascinating illustration of the dead-end that a segment of the right-of-center has driven itself into: refusal to acknowledge that unions and the labor movement had a positive effect on early/mid-century America. 1/5
You can see the logic, I suppose... if we acknowledge that unions did some good, then we'd have to both admit that the "free" labor market was delivering some pretty lousy outcomes and give credit to an actual government policy. 2/5
This is the problem of fundamentalism in whatever form it takes. When strict adherence to some basic set of abstract principles proves incompatible with real world experience, it's the real world that has to be denied. 3/5
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!