Originally Posted by
foxtrot
Quick math off the top of my head:
1% of everyone's salary capped at 12 weeks. Assuming 45 working years, and avg 2 children per family, that's 45% of your annual salary committed towards paying benefits of 24 weeks (46% of year). Seems equal on it's face, but the child bearing age will have the lowest wage (and thus, lowest benefit) while the last 20 years of work will have the highest wage by far (probably a factor of 2x), and ofc few people could actually take 12 weeks off of work for a variety of reasons. It seems to me that quite a bit more will be deducted than will be paid. Unless of course, benefits are paid to a lot of non-contributors to make the avg child per income far higher than 2, which seems likely.
I don't necessarily have an issue with this, but I think it should sorta be pay-to-play, in many regards. This should be built like an HSA account, that rolls over and can be invested. And you can draw down unused portions after age 65. Reward people for being invested in their future, and make it equal between child and non-child families. Have 8 kids before 25? Yeah, you're probably not getting 12 weeks of for each of them. Have on kid at 30? F it, take 16 or 20 if you can swing it through your account if you want. Or only take what you need and build it for retirement. (Could also open it up to medical costs after an arbitrary age, like 45)
Problem with handout benefits is its a "commons" problem... people use it to the maximum, even if unnecessary to do so.