Hacker News new | ask | show | jobs
by OscarCunningham 1887 days ago
(I came back and edited this answer completely.)

The difference is that when you give money to your children, you're not getting any goods or services in exchange. The transaction is making them richer, but you poorer by the same amount.

(Also, later when the children pay a mechanic the amount of total tax paid will be the same.)

1 comments

> The difference is that when you give money to your children, you're not getting any goods or services in exchange

Maybe you are, maybe you aren't. What if my kid is a mechanic and does the work for me?