Hungary's PM Pledges Zero Income Tax to Women with Four Kids

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Published : February 12th, 2019
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Category : Opinions and Analysis

The birth rate in many European countries has plunged. Hungary's Victor Orban wants women to have more kids.

“There are fewer and fewer children born in Europe,” Mr Orban said during his annual State of the Nation address. “For the west, the answer is immigration. But we do not need numbers. We need Hungarian children.”

Orban did not say how he would pay for the scheme. Of course, no one ever says how they will pay for any scheme.

Poland and Serbia have similar proposals on the books.

Have-a-Kid

  • Poland gives 500 zlotys a month, about a third of the minimum wage, to mothers for their second and subsequent children. That about $130 per month.
  • Serbia gives 12,000 dinars to families with three children and 18,000 dinars for the fourth. That's about $114 and $172 per month respectively.

Serbia Population

Starting sometime between 1995 and 2000, World Odometers shows Serbia started losing population and it has continued ever since.

Hungary Population

Poland Population


The EU allows freedom of movement. Those in Eastern European countries are voting with their feet.

Source : moneymaven.io
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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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