Welcome to brookings. Richard reeves, the gentlemen to my right not politically, but to my right. And i codirect a center here called the center on children and families which we are extremely pleased to do. Were pleased to be holding this event, as well, about an old policy idea, which is often called the childrens allowance, a species of guaranteed annual income with some new twists. Why would we be concerned about a childrens allowance, the idea of giving a guaranteed cash benefit to families. I think there are a lot of reasons but i think two are predominant. One has always been a good reason to do it and that is it costs a lot of money to raise a child. At least a quarter of a million dollars, estimates vary greatly. Wealthy families spend more and so forth. But it is a lot of money to raise children. And they are the future of society so it makes sense that we would subsidize families to try to compensate them for the money that they have to spend for children, because would the