The family unit is a core tenet of a functioning free society. A strong, stable family environment provides a much-needed buffer against the encroachment of government dependence – a difficult bond to break.
As mainstream media finally begins to report on the potential impact of falling birth rates around the world, the blame is laid squarely at cost of living and the lack of financial stability experienced by those of child-bearing age. The cost of housing is chiefly to blame here, but the broader cost of living leaves young Australians chained to their careers and busy lifestyles. Without a stable financial base, people in their reproductive years are putting off the decision to have children.
Governments often harp on about their ‘family focussed’ budgets and policies but, in reality, government policy is increasingly hostile to building strong families.
Various taxes and duties create an unsustainable strain on small businesses and families.
Let’s begin by making one thing clear: subsidies for childcare are not a ‘family positive’ initiative. Parents cannot build strong families while raising their children is outsourced to daycare centres on the taxpayer dime. What these subsidies actually do is incentivise ‘workplace participation’ – hailed by activists as a metric of gender equality, but only really loved by big spending governments which rely heavily on income tax to fund their agendas.
The attack on genuine family time is mounted on other fronts too – with early childhood education increasingly touted as a necessary step in development, which by implication cannot be fulfilled at home. What’s more, state governments (which originally initiated Covid lockdowns) are now rushing to walk back public sector WFH arrangements to save the CBDs from their own policies! Thus, parents facing high cost of living are told their children need expensive early education and must not work from home. What choice do they have?
Governments often harp on about their ‘family focussed’ budgets and policies
So what can be done? First, it’s time to bring back income splitting, where the combined income of a married couple is ‘split’ for tax purposes, which can be leveraged by a single household earner to reduce their tax obligations. While tax policy continues to punish higher earning sole providers while incentivising dual income arrangements, children will continue to miss crucial time with their parents at home.
Second, major reforms to childcare and the wider education system must be initiated. Childcare should be largely deregulated; the escalating cost is not providing improved value but is an increasing burden on families and taxpayers. Tax credits should be available to families who opt out of government funded schools as well, encouraging homeschool arrangements.
Finally, massive spending and spiralling red tape at all levels of government must be reigned in, as they are fuelling the cost of living crisis that is crippling families. Ever increasing regulation on building codes, the drip feed of land supply and minimum standards for rental properties are drying up housing supply when more are desperately needed. Various taxes and duties create an unsustainable strain on small businesses and families, while increased spending drives inflation, sending mortgage repayments, utilities, food and fuel costs higher than wage rises. Who would want to start a family in that environment?
There can be no growth to our society if the family unit is being so critically undermined. How can we expect to raise a generation of independent thinkers and self sufficient upstarts if we can only afford to hand them over to the government while we work all day? If we can afford to have them at all.
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Max Payne is the Australian Program Associate with Students For Liberty, a global non-profit that spreads the values of libertarianism on campus. He is also a twice former candidate with the Libertarian Party and maintains a keen interest in Austrian economics, classical music and organic gardening.
