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Green New Deal

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#3,381
MXLRplus said:
Even the lower economic class is migrating to private schools. The public ones are useless.
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This begs the question. Why does the US fund public schools by the local property taxes of the local neighbourhoods it serves? You are the only country that I am aware of that does this. This system will guarantee that the poorer neighbourhoods of the US will have crappy schools, while the public schools of the affluent will have quality schools that people can only dream of going to.

Charter schools are a scam.
 
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#3,382
A very interesting perspective but I think we need to do more than just cash payments. We’re overlooking the difference between “income” and “wealth” here.

For this to work, we’d need education and incentives so the recipients can turn that income into wealth. We all know people who are “income rich” but “wealth poor” because they don’t spend their money wisely (vacations, depreciating assets like cars, boats, RVs, etc.). The reverse is also true, there are plenty of people of modest income who lived frugally, invested wisely and have amassed wealth.
 
#3,383
K2500Z71 said:
A very interesting perspective but I think we need to do more than just cash payments. We’re overlooking the difference between “income” and “wealth” here.

For this to work, we’d need education and incentives so the recipients can turn that income into wealth. We all know people who are “income rich” but “wealth poor” because they don’t spend their money wisely (vacations, depreciating assets like cars, boats, RVs, etc.). The reverse is also true, there are plenty of people of modest income who lived frugally, invested wisely and have amassed wealth.
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The amount proposed will not create wealth. It's more like a UBI subsistence allowance which can provide housing, health care, food and education with perhaps some left over for entrepreneurial initiatives.
I won't engage the "don't spend their money wisely" argument since this old canard has been repeatedly debunked and is often used as an excuse to not give money to poor people who have been cancelled by society.
 
#3,384
Naomi Klein: 'We must not return to the pre-Covid status quo, only worse'

Naomi Klein: 'We must not return to the pre-Covid status quo, only worse'

What is important about a Green New Deal is that it is modelled after one of the greatest economic stimulus programmes of all time, during the greatest economic crisis of all time, and that is FDR’s New Deal during the Great Depression. Because of this, the biggest pushback that I got when I released On Fire a little less than a year ago was: “But we don’t do things like this when the economy is doing well.”

The only times that we can point to – and this is a hard truth – when our societies have moved fast and changed big and catalytically are moments of great depression or war. Yet we now know we can change quickly. We have seen it. We have dramatically changed our lives. And we found out that our governments have trillions of dollars that they could have marshalled this whole time.But if we just look at moments in history when we have won big changes, they are moments like this.
 
#3,385
Biden to Release $2 Trillion Climate Plan

Joseph R. Biden Jr. will announce on Tuesday a new plan to spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and build infrastructure while also tackling climate change.

In a speech in Wilmington, Del., Mr. Biden intends to build on his plans, released last week, for reviving the economy in the wake of the coronavirus crisis, with a new focus on enhancing the nation’s infrastructure and emphasizing the importance of putting the United States on a path to significantly cut fossil fuel emissions.
 
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#3,386
Nature-led coronavirus recovery could create $10tn a year, says WEF

Nature-led coronavirus recovery could create $10tn a year, says WEF

Report says 400m jobs could be created, and warns there will be ‘no jobs on a dead planet’

Tackling the global nature crisis could create 400m jobs and $10tn (£8tn) in business value each year by 2030, according to a report published by the World Economic Forum.
 
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#3,388
Pandemic shows climate has never been treated as crisis, say scientists

Pandemic shows climate has never been treated as crisis, say scientists

The EU unveiled its green new deal proposal this year, aiming to transform the bloc from a high to a low-carbon economy without reducing prosperity and while improving people’s quality of life, through cleaner air and water, better health and a thriving natural world.

But the authors of the letter dismiss its target of net zero emissions by 2050 as dangerously unambitious. “Net zero emissions by 2050 for the EU – as well as for other financially fortunate parts of the world – equals surrender,” they say.
 
#3,389
UN chief slams 'myths, delusions and falsehoods' around inequality

UN chief slams 'myths, delusions and falsehoods' around inequality

The health crisis had revealed the world’s fragility and “laid bare risks we have ignored for decades: inadequate health systems; gaps in social protection; structural inequalities; environmental degradation; the climate crisis”, he said.

He said the pandemic was exposing “fallacies and falsehoods everywhere: the lie that free markets can deliver healthcare for all. The fiction that unpaid care work is not work, the delusion that we live in a post-racist world, the myth that we are all in the same boat.”
 
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#3,390
Joe Biden has endorsed the Green New Deal in all but name

Joe Biden has endorsed the Green New Deal in all but name | Julian Brave NoiseCat

On Tuesday, Joe Biden did something unprecedented for a Democratic candidate assured of nomination: he moved left. In a speech delivered from Wilmington in his home state of Delaware, Biden unveiled the most ambitious clean energy and environmental justice plans ever proposed by the nominee of a major American political party. The plans, which the Biden campaign described to reporters as “the legislation he goes up to [Capitol Hill] immediately to get done,” outline $2tn in investments in clean energy, jobs and infrastructure that would be carried out over the four years of his first term.
 
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#3,393
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#3,395
How to Fix America: Spend. Spend. Spend. Opinion | How to Fix America: Spend. Spend. Spend.

And whenever anyone is brave enough to suggest that the government itself should provide useful services to Americans — whether big-ticket items like health care, child care and college education, or smaller things like an upgraded electric grid or a national broadband service — the first reaction from many on the right and the left is one of defeat and resignation. “How will you pay for it?” they ask. And, often, the whole conversation stops right there, because with a $26.5 trillion national debt, America looks hopelessly broke.
It is not. Kelton argues that our government’s inability to provide for citizens isn’t due to a lack for money; instead, our leaders lack political will.
Kelton — who has worked as an economist for Democrats in the Senate and as an adviser to Bernie Sanders’s presidential campaigns — is one of the leading proponents of Modern Monetary Theory, or M.M.T. The theory argues that because the government is in charge of its own currency, it cannot “run out” of money the way a household or a business can, and it therefore does not need to raise taxes to fund government spending.
 
#3,397
Letter from economists: to rebuild our world, we must end the carbon economy

Letter from economists: to rebuild our world, we must end the carbon economy

Governments must actively phase out the fossil fuel industry. Bailouts and subsidies to big oil, gas and coal companies only further delay the essential energy transition, distorting markets while locking us into a future we cannot afford. Instead, a coordinated phaseout of exploration for and extraction of carbon resources allows governments to redeploy funds towards green technology, infrastructure, social programs and good jobs, spurring an economic transition that benefits people and the planet.

Institutions of financial power must end their fossil fuel investments and funding. When our largest banks, most influential investors and most prestigious universities place bets on the success of the fossil fuel industry, they provide it with the economic and social capital necessary to maintain the dangerous status quo. Instead, these institutions should divest from fossil fuel companies and end financing of their continued operations while reinvesting those resources in a just and stable future.

People must build political power to advocate for a fairer economic system. If we attempt an economic rebuilding whose guiding principle is a return to “business as usual” we will simply substitute one crisis for another. Instead, we must recognize that when crises strike, the disaster amplifies along society’s fault lines, and that when we don’t prepare for disasters, the costs of inaction fall most heavily on the most vulnerable. A green recovery can and must uplift those who need it most, at home and around the world, creating a more resilient and regenerative society in the process.
 
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