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  Orban unveils HUGE pro-family package to boost the birth rate in Hungary
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Author Topic: Orban unveils HUGE pro-family package to boost the birth rate in Hungary  (Read 604 times)
Tender Branson
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« on: February 10, 2019, 02:17:40 pm »
« edited: February 10, 2019, 03:48:23 pm by Stinkmeaner »

Quote
BUDAPEST, Feb. 10 (Xinhua) -- Hungarian Prime Minister Viktor Orban announced here on Sunday in his annual speech a bold seven-point action plan on helping families with children in order to tackle population decline.

According to Orban, whose speech has been broadcast by public television channel M1, the first point of his plan is to support young couples, with each woman under 40 years old to receive a loan of 10 million forints (around 35,000 U.S. dollars). After giving birth to three children, the loan would not have to be paid back, and would become a non-refundable support.

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The second point aims to expand the beneficiary state-credit scheme set up by the government to help young couples acquire their first apartment.

The third point deals with mortgages. The government vows to pay one million forints of the parents' mortgage after the birth of a second child, and 4 million forints after the birth of a third child.

The fourth point might be the biggest incentive for larger families. Women giving birth to four children will be exempted for life from the payment of personal income taxes.

http://www.xinhuanet.com/english/2019-02/11/c_137811283.htm
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Bismarck
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« Reply #1 on: February 10, 2019, 02:38:15 pm »

It will be interesting to see how this plays out. Population decline is going to be a major economic hindrance in parts of the US, most of Europe, and East Asia.
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PSOL
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« Reply #2 on: February 10, 2019, 03:11:05 pm »

Now, if only he strengthens the working conditions of Hungary instead of breaking them down, then maybe his supporters would have a better chance of having the income to start a family.
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Hugo Award nominee
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« Reply #3 on: February 10, 2019, 06:41:53 pm »

Now, if only he strengthens the working conditions of Hungary instead of breaking them down, then maybe his supporters would have a better chance of having the income to start a family.
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Omega21
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« Reply #4 on: February 10, 2019, 08:05:02 pm »
« Edited: February 10, 2019, 08:08:12 pm by Omega21 »

This was also covered last year

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https://ifstudies.org/blog/is-hungary-experiencing-a-policy-induced-baby-boom

Great man, $35,000 is a lot considering the housing market is only picking up in Hungary.

If only more politicians had their priorities straight.
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DavidB.
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« Reply #5 on: February 12, 2019, 06:43:03 am »

A true statesman. Watch and learn, Western Europe.
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Insomnian
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« Reply #6 on: February 12, 2019, 01:44:57 pm »

Orban wins because the Left has abandoned social democracy in favor of neoliberalism, and now he's the closest thing Hungary has.
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Classic Conservative
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« Reply #7 on: February 12, 2019, 02:12:48 pm »

Iíd be in favor of adopting this in the United States.
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Omega21
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« Reply #8 on: February 12, 2019, 02:39:21 pm »

I'm wondering how the opposition will try to spin this as "evil and regressive".
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PSOL
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« Reply #9 on: February 12, 2019, 04:36:13 pm »

I'm wondering how the opposition will try to spin this as "evil and regressive".
Even with a tax break, having four children is still such a difficulty that even a moderate tax break is not enough to make a dent in the fertility rate. If Orban really wanted to have an effective fertility tax knockoff, have a larger tax brake from 2 kids down, that is at least more tenable with the current economy and parliamentary majority on Orbanís hands.

Also...
Now, if only he strengthens the working conditions of Hungary instead of breaking them down, then maybe his supporters would have a better chance of having the income to start a family.
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Santander
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« Reply #10 on: February 12, 2019, 04:37:39 pm »

Handouts are bad.
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Omega21
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« Reply #11 on: February 12, 2019, 05:07:36 pm »

I'm wondering how the opposition will try to spin this as "evil and regressive".
Even with a tax break, having four children is still such a difficulty that even a moderate tax break is not enough to make a dent in the fertility rate. If Orban really wanted to have an effective fertility tax knockoff, have a larger tax brake from 2 kids down, that is at least more tenable with the current economy and parliamentary majority on Orbanís hands.

What tax break are you talking about?

First off, a very good apartment in Budapest can be found for under 100k Euro, meaning that the 30k you get for 3 children, is 1/3 of an apartment (would be like getting 150k+ in San Francisco, in terms of housing).

Second, after the 4th child, the woman NEVER pays taxes again.
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(CT) The Free North
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« Reply #12 on: February 12, 2019, 05:11:20 pm »

Great news! Hopefully it works.

China and Japan should consider similar measures.
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Santander
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« Reply #13 on: February 12, 2019, 05:14:24 pm »

Great news! Hopefully it works.

China and Japan should consider similar measures.

Are you out of your mind?!

(also, thinking that this would work in China or Japan is incredibly naive)
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