I get the idea, but I do not like the outcome. It ends up being a largely regressive tax that hits people hardest and often at the worst possible time (e.g. just before or shortly after becoming a parent).

Of course any program if you look only at the beneficiaries is going to look good. We have embraced this attitude that broadly favors the sustaining the already established in their current condition in perpetuity, regardless of the cost to anyone else.