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Green New Deal
- Thread starter mspohr
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nwdiver
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I mostly agree but I think it's important to have a more nuanced perspective of what 'wealth' means. $/$ Elons 'wealth' of $160B is not the same as Kim Kardashians 'wealth' of ~$1B. If someone has $50B in cash and you tax them 2% of every $ of 'wealth' over $20M you're not going to have a material impact on anything except to bring in much needed revenue. That's fine. If someone has grown a $300M company into a $600B company in 10 years and they're worth $160B because they control a certain percentage of that company. A 2% tax on that paper value is going to effectively tax them out of control of that company and that is going to have a negative effect.
We might just need to treat equities like a combination of property and income. Tax the sale as income and tax the value similar to property. Most areas cap the taxable increase of homes to 1%/yr. So if you buy a home for $60k and it's magically 'worth' $60M 2 years later you're not taxed out of your home... you pay taxes on the ~$60k appreciated at 1%/yr... until you decide to sell. Then you would pay taxes on the ~$60M profit.
Biden’s Early Spending Plans Dwarf the Last Two Presidents’ Live Updates: Biden’s Early Spending Plans Dwarf the Last Two Presidents’
Now, President Biden is proposing a $3 trillion infrastructure bill as his second most urgent priority, less than three weeks after he signed a $1.9 trillion stimulus package. The underlying message is clear: In the face of an array of extremely serious challenges, from the coronavirus pandemic and its economic fallout to climate change, Mr. Biden is not interested in going small.
Now, President Biden is proposing a $3 trillion infrastructure bill as his second most urgent priority, less than three weeks after he signed a $1.9 trillion stimulus package. The underlying message is clear: In the face of an array of extremely serious challenges, from the coronavirus pandemic and its economic fallout to climate change, Mr. Biden is not interested in going small.
New Zealand raises minimum wage and increases taxes on the rich
New Zealand is raising its minimum wage to $20 an hour and increasing the top tax rate for the country’s highest earners to 39%. The changes will be rolled out on Thursday, alongside small increases to unemployment and sickness benefits. The government estimates the minimum wage increase – a rise of $1.14 per hour – will affect up to 175,500 workers, and increase wages across the economy by $216m.
New Zealand is raising its minimum wage to $20 an hour and increasing the top tax rate for the country’s highest earners to 39%. The changes will be rolled out on Thursday, alongside small increases to unemployment and sickness benefits. The government estimates the minimum wage increase – a rise of $1.14 per hour – will affect up to 175,500 workers, and increase wages across the economy by $216m.
Biden Details $2 Trillion Plan to Rebuild Infrastructure and Reshape the Economy
The president began selling his proposal on Wednesday, saying it would fix 20,000 miles of roads and 10,000 bridges, while also addressing climate change and racial inequities and raising corporate taxes.
But even spread over years, the scale of the proposal underscores how fully Mr. Biden has embraced the opportunity to use federal spending to address longstanding social and economic challenges in a way not seen in half a century. Officials said that, if approved, the spending in the plan would end decades of stagnation in federal investment in research and infrastructure — and would return government investment in those areas, as a share of the economy, to its highest levels since the 1960s.
What’s in Biden’s Infrastructure Plan? (Published 2021)
How the $2 trillion in proposed spending breaks down.
Bidenomics Is as American as Apple Pie Opinion | Bidenomics Is as American as Apple Pie
There is, however, more going on here than marketing. Bidenomics consists, roughly speaking, of large-scale public investment paid for with highly progressive taxation. And both of these things are as American as apple pie.The era of big government investment and high taxes on the rich coincided, not incidentally, with the U.S. economy’s greatest generation — the postwar decades of rapidly rising living standards.And a big public role in infrastructure continued down the generations. Land grants were used to promote railway construction and higher education. Teddy Roosevelt built the Panama Canal. F.D.R. brought electricity to rural areas. Eisenhower built the highway network. So when Republicans denounce the American Jobs Plan as an “out-of-control socialist spending spree,” remember, large-scale public investment is the American way.
There is, however, more going on here than marketing. Bidenomics consists, roughly speaking, of large-scale public investment paid for with highly progressive taxation. And both of these things are as American as apple pie.The era of big government investment and high taxes on the rich coincided, not incidentally, with the U.S. economy’s greatest generation — the postwar decades of rapidly rising living standards.And a big public role in infrastructure continued down the generations. Land grants were used to promote railway construction and higher education. Teddy Roosevelt built the Panama Canal. F.D.R. brought electricity to rural areas. Eisenhower built the highway network. So when Republicans denounce the American Jobs Plan as an “out-of-control socialist spending spree,” remember, large-scale public investment is the American way.
With Joe Biden’s own audacious New Deal, the democratic left rediscovers its soul
It’s bold, yes, and we can get it done.” So declared President Joe Biden launching his $2tn plan last week to overhaul US infrastructure – ranging from fixing 20,000 miles of roads to remaking bridges, ports, water systems and “the care economy”, care now defined as part of the country’s infrastructure. Also included is a vast uplift in research spending on eliminating carbon emissions and on artificial intelligence. And up to another $2tn is to follow on childcare, education and healthcare, all hot on the heels of the $1.9tn “American Rescue Plan”, passed just three weeks ago.
Cumulatively, the scale is head-spinning. Historians and politicians are already comparing the ambition with Roosevelt’s New Deal or Lyndon Johnson’s Great Society programme.
But the overriding driver is the pandemic and the way it has exposed the precariousness of many Americans’ lives. It has re-legitimised the very idea of government: it is government that has procured and delivered mass vaccination and government that is supporting the incomes of ordinary Americans. Unconstrained US capitalism has become too monopolistic; too keen on promoting fortunes for insiders; too neglectful of the interests, incomes and hopes of most of the people. An astute politician, Biden has read the runes – and acted to launch a monumental reset. Expect more to come on trade, company and finance reform and the promotion of trade unions.
It’s bold, yes, and we can get it done.” So declared President Joe Biden launching his $2tn plan last week to overhaul US infrastructure – ranging from fixing 20,000 miles of roads to remaking bridges, ports, water systems and “the care economy”, care now defined as part of the country’s infrastructure. Also included is a vast uplift in research spending on eliminating carbon emissions and on artificial intelligence. And up to another $2tn is to follow on childcare, education and healthcare, all hot on the heels of the $1.9tn “American Rescue Plan”, passed just three weeks ago.
Cumulatively, the scale is head-spinning. Historians and politicians are already comparing the ambition with Roosevelt’s New Deal or Lyndon Johnson’s Great Society programme.
But the overriding driver is the pandemic and the way it has exposed the precariousness of many Americans’ lives. It has re-legitimised the very idea of government: it is government that has procured and delivered mass vaccination and government that is supporting the incomes of ordinary Americans. Unconstrained US capitalism has become too monopolistic; too keen on promoting fortunes for insiders; too neglectful of the interests, incomes and hopes of most of the people. An astute politician, Biden has read the runes – and acted to launch a monumental reset. Expect more to come on trade, company and finance reform and the promotion of trade unions.
A 100% wealth tax on all US billionaires you would get $4 trillion or less than the $4.15 trillion Biden stimulus and Jobs act.
Utilities object to bill aimed at reducing natural gas use
A bill that would have called for the gradual reduction in the use of natural gas no longer has year-by-year targets, but still drew opposition from utilities in Nevada.
www.reviewjournal.com
Well, the utilities are at it again, fighting the future. Southwest Gas is the loser here. NV Energy is backing SW Gas as a friend. NV Energy had reduced energy prices over the last decade every year in order to prevent people from massively adopting roof top solar. The future is electric and if the utilities are not competitive, people will make their own solar+battery home grid. With solar and battery pricing continuing to drop, building excess solar capacity and turning off panels during spring and fall would still be financially viable within a decade.
Right now, it's already borderline worth it getting solar and home (AGM) battery. I am waiting because I know prices for solar, battery, and my electricity price will continue to drop.
electricity prices will drop? Not with PGEUtilities object to bill aimed at reducing natural gas use
A bill that would have called for the gradual reduction in the use of natural gas no longer has year-by-year targets, but still drew opposition from utilities in Nevada.
Well, the utilities are at it again, fighting the future. Southwest Gas is the loser here. NV Energy is backing SW Gas as a friend. NV Energy had reduced energy prices over the last decade every year in order to prevent people from massively adopting roof top solar. The future is electric and if the utilities are not competitive, people will make their own solar+battery home grid. With solar and battery pricing continuing to drop, building excess solar capacity and turning off panels during spring and fall would still be financially viable within a decade.
Right now, it's already borderline worth it getting solar and home (AGM) battery. I am waiting because I know prices for solar, battery, and my electricity price will continue to drop.
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NV Energy has maintained/lowered power prices in the last decade for a reason. If PG&E increase prices, buy solar+battery and be self sufficient. I would think you can cancel your utility account. If your home battery run low (may happen in the winter if you are using electric/heat pump), charge your EV outside then go home and charge the battery bank with your EV (might be doable with 12V to 240V inverter connected to the generator port 1 KW for 24 hr is 24KWh). Great to have options.
I am thinking of converting my appliances to heat pump, cancel my natural gas account and save on the account fee.
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I have converted my large house to 99% electric. All I have left on propane is a hot water heater, gas stove top, and a propane spa heater.NV Energy has maintained/lowered power prices in the last decade for a reason. If PG&E increase prices, buy solar+battery and be self sufficient. I would think you can cancel your utility account. If your home battery run low (may happen in the winter if you are using electric/heat pump), charge your EV outside then go home and charge the battery bank with your EV (might be doable with 12V to 240V inverter connected to the generator port 1 KW for 24 hr is 24KWh). Great to have options.
I am thinking of converting my appliances to heat pump, cancel my natural gas account and save on the account fee.
I have 5 PW's and need to add more solar. But even then, no way can I recharge the batteries in the winter from solar. Now, if is legal to do but Tesla will not budge. But, there are always creative ways to get things done.
I have converted my large house to 99% electric. All I have left on propane is a hot water heater, gas stove top, and a propane spa heater.
I have 5 PW's and need to add more solar. But even then, no way can I recharge the batteries in the winter from solar. Now, if is legal to do but Tesla will not budge. But, there are always creative ways to get things done.
When you say not enough power in the winter, are you using heat pump (300% efficiency) or electric heat (100% efficient)... heat pump is the key.
Air source heat pump with HSPF 10.3 is 302% efficient! Appliances include HP water heater, HP air heating... maybe HP hot tub too?
Cooking, you can switch to Induction range and electric rice cooker/pressure cooker.
For the summer, AC with 12 EER is 352% efficient!
And, of course, work on shading and insulation! Window shutter on S and W facing windows will save on cooling. Insulation between window and window shutter on N facing windows in the winter will save on heating.
It sounds like you have enough Powerwalls. Overbuilding on solar may be cheaper than more battery storage to meet your daily house needs. When the battery is full and no house load needs the power, your battery system should turn off you solar.
Overbuilding solar at up to 4 times peak load yields a least-cost all-renewables grid
The global energy firm Wartsila found a least-cost renewables mix for the U.S. that involves overbuilding renewable capacity, but requires no seasonal storage, and needs only four to ten days of multi-day storage capacity. The analysis modeled meeting current uses of electricity, based on...
pv-magazine-usa.com
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Amazon warns Texas: Don’t pass bill that would drive up wind power costs
Bill would "directly assign" grid stability costs to renewable power providers.
arstechnica.com
California has 500MWh of battery storage already and going to 2 GWh this summer!
Oh, I guess in TX, the 225MWh of storage was 100% online... so much for fossil fuel generation.
" Winterizing natural gas, coal, and nuclear plants alone could cost $400 million. Preparing gas lines for the cold, which similarly froze and forced natural gas plants to shut down, would cost billions more." Wow, fossil fuel generation is such a great deal - in creating jobs.
makes sense. But, when house low, and batteries full, as they are right now, I love seeing all that solar going back to the grid for creditsWhen you say not enough power in the winter, are you using heat pump (300% efficiency) or electric heat (100% efficient)... heat pump is the key.
Air source heat pump with HSPF 10.3 is 302% efficient! Appliances include HP water heater, HP air heating... maybe HP hot tub too?
Cooking, you can switch to Induction range and electric rice cooker/pressure cooker.
For the summer, AC with 12 EER is 352% efficient!
And, of course, work on shading and insulation! Window shutter on S and W facing windows will save on cooling. Insulation between window and window shutter on N facing windows in the winter will save on heating.
It sounds like you have enough Powerwalls. Overbuilding on solar may be cheaper than more battery storage to meet your daily house needs. When the battery is full and no house load needs the power, your battery system should turn off you solar.
Overbuilding solar at up to 4 times peak load yields a least-cost all-renewables grid
The global energy firm Wartsila found a least-cost renewables mix for the U.S. that involves overbuilding renewable capacity, but requires no seasonal storage, and needs only four to ten days of multi-day storage capacity. The analysis modeled meeting current uses of electricity, based on...
The Heart and Soul of the Biden Project Opinion | The Heart and Soul of the Biden Project
Brian Deese, the director of Biden’s National Economic Council, said that Bidenomics has three key prongs: an effort to distribute money to those on the lower end of the income scale, an effort to use climate change as an opportunity to reinvent our energy and transportation systems, and an effort to replicate the daring of the moon shot by investing big-time in research and development. Some people say this is like the New Deal. I’d say this is an updated, monster-size version of “the American System,” the 19th-century education and infrastructure investments inspired by Alexander Hamilton, championed by Henry Clay and then advanced by the early Republicans, like Abraham Lincoln. That was an unabashedly nationalist project, made by a youthful country, using an energetic government to secure two great goals: economic dynamism and national unity.Brian Deese, the director of Biden’s National Economic Council, said that Bidenomics has three key prongs: an effort to distribute money to those on the lower end of the income scale, an effort to use climate change as an opportunity to reinvent our energy and transportation systems, and an effort to replicate the daring of the moon shot by investing big-time in research and development. Some people say this is like the New Deal. I’d say this is an updated, monster-size version of “the American System,” the 19th-century education and infrastructure investments inspired by Alexander Hamilton, championed by Henry Clay and then advanced by the early Republicans, like Abraham Lincoln. That was an unabashedly nationalist project, made by a youthful country, using an energetic government to secure two great goals: economic dynamism and national unity.
Bidenomics is a massive bid to promote economic dynamism. It’s not only the R&D spending and the green energy stuff; it’s also the massive investment in kids and human capital. If, as expected, Biden’s American Family Plan includes universal pre-K education and free community college, that would mean four more years of free schooling for millions of young Americans. As Rahm Emanuel said to me, when was the last time we achieved something as big as that?Bidenomics is a massive bid to promote economic dynamism. It’s not only the R&D spending and the green energy stuff; it’s also the massive investment in kids and human capital. If, as expected, Biden’s American Family Plan includes universal pre-K education and free community college, that would mean four more years of free schooling for millions of young Americans. As Rahm Emanuel said to me, when was the last time we achieved something as big as that?
It’s also a unifying agenda. For the past several decades the economy has funneled money to highly educated people who live in large metro areas. That has created a ruinous class rift that divides the country and fuels polarization. The Biden measures would funnel money to the roughly two-thirds of Americans without a bachelor’s degree — who work on road crews, in manufacturing plants, who care for the elderly and are disproportionately unemployed. It’s kind of interesting to me that the Democrats, the party of the metro educated class, are promoting policies that would send hundreds of billions of dollars to, well, Trump voters.
Brian Deese, the director of Biden’s National Economic Council, said that Bidenomics has three key prongs: an effort to distribute money to those on the lower end of the income scale, an effort to use climate change as an opportunity to reinvent our energy and transportation systems, and an effort to replicate the daring of the moon shot by investing big-time in research and development. Some people say this is like the New Deal. I’d say this is an updated, monster-size version of “the American System,” the 19th-century education and infrastructure investments inspired by Alexander Hamilton, championed by Henry Clay and then advanced by the early Republicans, like Abraham Lincoln. That was an unabashedly nationalist project, made by a youthful country, using an energetic government to secure two great goals: economic dynamism and national unity.Brian Deese, the director of Biden’s National Economic Council, said that Bidenomics has three key prongs: an effort to distribute money to those on the lower end of the income scale, an effort to use climate change as an opportunity to reinvent our energy and transportation systems, and an effort to replicate the daring of the moon shot by investing big-time in research and development. Some people say this is like the New Deal. I’d say this is an updated, monster-size version of “the American System,” the 19th-century education and infrastructure investments inspired by Alexander Hamilton, championed by Henry Clay and then advanced by the early Republicans, like Abraham Lincoln. That was an unabashedly nationalist project, made by a youthful country, using an energetic government to secure two great goals: economic dynamism and national unity.
Bidenomics is a massive bid to promote economic dynamism. It’s not only the R&D spending and the green energy stuff; it’s also the massive investment in kids and human capital. If, as expected, Biden’s American Family Plan includes universal pre-K education and free community college, that would mean four more years of free schooling for millions of young Americans. As Rahm Emanuel said to me, when was the last time we achieved something as big as that?Bidenomics is a massive bid to promote economic dynamism. It’s not only the R&D spending and the green energy stuff; it’s also the massive investment in kids and human capital. If, as expected, Biden’s American Family Plan includes universal pre-K education and free community college, that would mean four more years of free schooling for millions of young Americans. As Rahm Emanuel said to me, when was the last time we achieved something as big as that?
It’s also a unifying agenda. For the past several decades the economy has funneled money to highly educated people who live in large metro areas. That has created a ruinous class rift that divides the country and fuels polarization. The Biden measures would funnel money to the roughly two-thirds of Americans without a bachelor’s degree — who work on road crews, in manufacturing plants, who care for the elderly and are disproportionately unemployed. It’s kind of interesting to me that the Democrats, the party of the metro educated class, are promoting policies that would send hundreds of billions of dollars to, well, Trump voters.
New York Is Taxing the Rich. Here’s Who Made That Happen. New York Is Taxing the Rich. Here’s Who Made That Happen.
In addition to funneling a record $29.5 billion into schools, the new budget delivers billions of dollars in rent relief and aid to small businesses and arts groups, as well as $2.1 billion to undocumented immigrants — so many of whom have made the delivery of consumable goods possible during this time of affluent seclusion. A new report from the Fiscal Policy Institute indicates that this will help 290,000 people — 213,000 of them in New York City and virtually all of whom had been excluded from most forms of Covid-related economic relief.
Only a few days earlier, The Wall Street Journal reported that March residential real estate sales in Manhattan had climbed to their highest level in 14 years. What lobbyists who have reflexively fought higher taxes for years never understand is that in New York, cash flow is not the only status marker of the rich. So is enlightenment.
In addition to funneling a record $29.5 billion into schools, the new budget delivers billions of dollars in rent relief and aid to small businesses and arts groups, as well as $2.1 billion to undocumented immigrants — so many of whom have made the delivery of consumable goods possible during this time of affluent seclusion. A new report from the Fiscal Policy Institute indicates that this will help 290,000 people — 213,000 of them in New York City and virtually all of whom had been excluded from most forms of Covid-related economic relief.
Only a few days earlier, The Wall Street Journal reported that March residential real estate sales in Manhattan had climbed to their highest level in 14 years. What lobbyists who have reflexively fought higher taxes for years never understand is that in New York, cash flow is not the only status marker of the rich. So is enlightenment.
Transmission for renewables shall be a clear winner in Biden White House
Transmission for renewables shall be a clear winner in Biden White House DER - Solar - Renewable Energy World
www.renewableenergyworld.com
High Voltage DC across the country, that is what we need for a stable and reliable grid, at least for the lower 47.... 48 minus Texas, LOL.
Can Biden Be Our F.D.R.? Opinion | Can Biden Be Our F.D.R.?
History doesn’t repeat itself, but it sometimes rhymes,” Mark Twain (supposedly) said. If so, Franklin Delano Roosevelt and Joseph Robinette Biden Jr. could be a couplet. With a few breaks and the skillful execution of what seems to be a smart legislative strategy, President Biden is poised to match F.D.R.’s stunning debut in office.
Just as Mr. Roosevelt understood that the laissez-faire philosophy of the 1920s wasn’t working anymore to build the nation, Mr. Biden sees that Reagan-era market capitalism cannot alone rebuild it.
The New Deal was just that — a “deal,” a new social contract between the government and the people, with a new definition of what the government owes us when we’re in trouble.
The heart of Mr. Biden’s domestic agenda is the same as Mr. Roosevelt’s: jobs and infrastructure. New Deal programs created more than 20 million jobs and built 39,000 new schools, 2,500 hospitals, 325 airports and tens of thousands of smaller projects that did not end the Depression but eventually helped power the postwar American boom.
Of all the bills enacted in Mr. Roosevelt’s first 100 days, the one closest to his heart was the Civilian Conservation Corps, which by the summer of 1933 employed 275,000 young men clearing trails, building parks, and restoring the soil. The C.C.C. — “Roosevelt’s Tree Army” — went on to employ close to three million young men and plant over three billion trees. Now Mr. Biden aims to revive and update it with a new $10 billion Civilian Climate Corps that would help prepare for worsening heat waves, wildfires and storms and boost the national service movement that F.D.R. founded.
History doesn’t repeat itself, but it sometimes rhymes,” Mark Twain (supposedly) said. If so, Franklin Delano Roosevelt and Joseph Robinette Biden Jr. could be a couplet. With a few breaks and the skillful execution of what seems to be a smart legislative strategy, President Biden is poised to match F.D.R.’s stunning debut in office.
Just as Mr. Roosevelt understood that the laissez-faire philosophy of the 1920s wasn’t working anymore to build the nation, Mr. Biden sees that Reagan-era market capitalism cannot alone rebuild it.
The New Deal was just that — a “deal,” a new social contract between the government and the people, with a new definition of what the government owes us when we’re in trouble.
The heart of Mr. Biden’s domestic agenda is the same as Mr. Roosevelt’s: jobs and infrastructure. New Deal programs created more than 20 million jobs and built 39,000 new schools, 2,500 hospitals, 325 airports and tens of thousands of smaller projects that did not end the Depression but eventually helped power the postwar American boom.
Of all the bills enacted in Mr. Roosevelt’s first 100 days, the one closest to his heart was the Civilian Conservation Corps, which by the summer of 1933 employed 275,000 young men clearing trails, building parks, and restoring the soil. The C.C.C. — “Roosevelt’s Tree Army” — went on to employ close to three million young men and plant over three billion trees. Now Mr. Biden aims to revive and update it with a new $10 billion Civilian Climate Corps that would help prepare for worsening heat waves, wildfires and storms and boost the national service movement that F.D.R. founded.
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