This focuses on government sponsored childcare as human capital. According to Encyclopedia Britannica (EXTERNAL LINK), https://www.britannica.com/money/human-capital human capital is intangible collective resources that people have. These resources include knowledge, skills, abilities, experience, intelligence, training, judgment, and wisdom. This cumulative total represents a form of wealth available to nations and organizations to accomplish their goals.

Affordable childcare would help the US tap into the full extent of its human capital, Childcare is essential if the US is to have an active workforce. Without it, talented individuals are unable to participate in the market. Lack of affordable childcare impacts US productivity, racial and gender equality, and poverty rates. . The US government currently provides some subsidies to help provide child care for lower income families. The amount provided, however, is not enough. many families still lack access to affordable childcare. This in turn can lower the productivity of the US workforce . This option proposes to invest more federal money into childcare. This will increase the US debt, but it may also increase US productivity.

Instructions:

Please consider the following proposal for changing taxes. Please provide an analysis of this proposal. First explain what you consider to be the advantages and disadvantages of enacting this measure. What are some reasons why it would be a good idea to enact this? Are there any drawbacks or reasons why you would not want to enact this? What is your response to the analyses posted by your fellow group members?

https://www.britannica.com/money/human-capital