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Child Allowance Trust Fund
May 21, 2009
Learn to be quiet enough to hear the genuine within yourself so that you can hear it in others.
-Marian Wright Edelman
-Marian Wright Edelman
"...This trust fund would serve as a means of assisting parents to care for their very young children with whatever combination of parental and supplementary care best suits their circumstances. The fund would provide all families with an annual stipend generous enough to assist in the purchase of good-quality care or to supplement the income of parents who wish to remain at home. Thus, the child allowance would be a demand-side subsidy and a universal cash benefit not restricted by income. The size of the allowance would be based on estimates of the cost of good care.
"...the trust fund would draw revenues from a new payroll tax added to social security deductions. Money in the trust would be entirely separate from other social service accounts, and no exchange of funds between the two systems would be possible. Funds from the trust would be distributed directly to families with children aged three months to three years, although parents who opt not to take the full three-months paid leave when their babies are born could access the funds upon their return to work. With this financial support, as well as improved consumer education regarding the features of good-quality care, more parents would be able to choose environments — whether at home or in a child care setting — that support their children's growth and learning.
"The child allowance would be designed to be self-supporting and would not affect the ailing social security trust at all. Rather, it would merely piggyback on the existing payroll tax mechanism to avoid the need for a new tax collection infrastructure."
The Exchange Beginnings Workshop Book - Professionalism, includes over 30 articles focusing on the development of professionally-oriented early childhood teachers. With contributions from leading authorities such as Elizabeth Jones, Ann Epstein, Susan Aronson, Jonah Edelman, and Kay Albrecht, the book has chapters on ...
- Being Teachers
- Professionalism
- Caregiver Health and Safety
- Mentoring
- Observing Children
- Collaboration
- Child Care in Unique Environments
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Comments (5)
Displaying All 5 Commentswww.baby.geek.nz
Waikuku Beach, North Canterbury, New Zealand
Delighted to read this today! This concept of allowing families to choose how they will spend dollars is respectful of what research tells us that families really want: not everybody wants to work full time, not everybody wants to parent full time. Many people want a combination of both. Governmental policy that only financially supports all of one or all of the other is missing the point. Is President Obama subscribing to Exchange Every Day?
Sandy Hook, CT, United States
He stole my idea :-)
Retired
Little Rock, AR, United States
The proposal by Ed Zigler for a national children's trust is an excellent one. It is similar to one proposed almost 40 years ago by Jule Sugarman at the 1970 White House Conference on Children. Although I haven't read the book, I can tell from the summary that this proposal has far more details and more suggestions of how to make such a trust work than did the earlier one. Interesting, though, that it takes America 40 years to get excited about a method for ensuring quality child care.
Thanks, Ed, for your ideas and long-running concern for children and for the child care field.
Bettye Caldwell
United States
Is this guy serious?
Colorado Springs, CO, United States
I would like to refer Dr. Zigler or anyone else interested in the concept of a national child trust to Peter Barnes' "Capitalism 3.0" In it he outlines a new future for capitalism that uses the concept of trusts, including one such as Dr. Zigler proposes for children, funded from what Barnes calls "The Commons." The Commons are those creations of nature and society that we inherit together and must preserve for our children--air, water, and natural resources. This concept offers a pracatical "tweeking" of our present economic system, and one that would enable a viable funding for a child trust fund for all children.
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