Free childcare as a Ponzi scheme

Catholic Culture, Phil Lawler:

In the UK, Chancellor Jeremy Hunt has proposed that the government should subsidize free daycare for all children nine months old or older. Hunt argues that this measure, expensive as would be, would actually ease pressures on the government’s budget, because more parents (mothers, mostly) would be able to join the workforce, and therefore to pay taxes.

Michael Deacon of the Daily Telegraph recognizes this proposal for what it is: a Ponzi scheme. The parents who take new jobs will earn more income, and their taxes will help subsidize the childcare for other parents, who in turn will grow rich and pay taxes, and…

… what about the children? Report is here.