Following this logic, couldn’t a government just drive GDP growth by paying people to have more children?
Right now, it seems that one can get a $1000 tax credit per child under the age of 17 in the US. The GDP per capita in the US is about $65,000. Therefore, it seems that there is lots of room to increase GDP by paying even more per child.
Having more children the natural way would do the trick, but that’s not a technological solution, which was what was being asked for?
But again, this “only” increases GDP, not GDP per capita. It wouldn’t actually change anybody’s living standards.
Following this logic, couldn’t a government just drive GDP growth by paying people to have more children?
Right now, it seems that one can get a $1000 tax credit per child under the age of 17 in the US. The GDP per capita in the US is about $65,000. Therefore, it seems that there is lots of room to increase GDP by paying even more per child.
Having more children the natural way would do the trick, but that’s not a technological solution, which was what was being asked for?
But again, this “only” increases GDP, not GDP per capita. It wouldn’t actually change anybody’s living standards.