Elon Musk and JD Vance Want People to Have More Kids – But Experts Say This a 'Ponzi Scheme' With Burden Falling Heaviest On Women

Elon Musk and JD Vance have been quite vocal about their concerns regarding falling birthrates and the need for people to have more kids. 

Don't Miss:

Musk, for example, has frequently warned of a potential "population collapse," claiming it poses a greater threat to civilization than global warming. In his view, humanity must maintain or grow its numbers to avoid societal decline. Musk has even suggested that this issue is more urgent than many environmental concerns, arguing that without enough people, economies and industries will falter, especially as populations age.

Trending: Teens may never need wisdom teeth removed thanks to this MedTech Company – Be an early investor for just $300 for 100 shares!

On the other hand, JD Vance has taken a political stance on this issue. Vance has advocated for pro-family policies, drawing inspiration from Hungary's approach under Viktor Orbán, where the government incentivizes couples to have more children. Vance has asked why the U.S. couldn't implement similar measures to encourage family formation, seeing it as a way to strengthen the nation economically and culturally.

However, experts are pushing back against this pronatalist narrative, arguing that it's not the solution Musk and Vance make it out to be.

See Also: A billion-dollar investment strategy with minimums as low as $10 —you can become part of the next big real estate boom today. 

According to demographers, the global population is still growing, albeit slower. They believe that when population decline does happen, it will be gradual and not the catastrophe that Musk predicts. Instead of boosting birthrates, some experts suggest that governments should focus on policies like immigration to sustain population levels and support social programs like Social Security.

Critics of the pronatalist push also argue that these efforts place a disproportionate burden on women, who are typically the ones responsible for childbearing and child-rearing. They see the push for more children as a "Ponzi scheme," where new generations are expected to bear the weight of supporting the aging population, often without adequate support in terms of health care, child care, or parental leave.

Trending: This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.

In addition, there's skepticism about whether pronatalist policies even work. Italy's 2020 Family Act, which aimed to reverse declining birthrates by offering child care subsidies and increased paternity leave, hasn't had the desired effect. Birthrates have continued to fall, suggesting that financial incentives alone may not be enough to encourage people to have more children.

Ultimately, while Musk and Vance frame increasing birthrates as a necessity for the future, experts warn that this approach oversimplifies complex social and economic issues, potentially leading to ineffective or even harmful policies in the long run.

Read Next:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: StartupsElon Muskjd-vancenews access
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!