Hey guys, Alexandria Ocascio-Cortez or better known AOC has presented an idea to Congress: The Green New Deal. The GND is essentially a set of proposed economic programs for the United States that aim to address climate change and economic inequality. Digging deeper though, the GND is asking for universal health care, free higher education for all, clean, renewable resource use in the U.S., financial security, better housing, etc.. The GND goals are similar to that of Bernie Sanders who we talked about in the last post. Hoping for better health care, education, and resources are at the top of the Democrat’s list right now, and AOC and the rest of the party are marching forward quickly. In the last post, we discussed all that is good about free health care and more accessible higher education and all that is bad about the tax consequences of these proposals became law. So not to repeat ourselves, let’s delve into the more environmental aspects of the deal.
The GND hopes to change the way the United States uses energy by repairing infrastructure, fixing transportation, and upgrading or constructing new buildings to achieve maximum efficiency in everything. This includes investment into electric cars and high-speed rail systems and implementing the “social cost of carbon” that was a part of the Obama administration’s plans for addressing climate change within 10 years. The GND aspires to put a stop to the scary future of climate change. Which sounds great, considering the inconvenient truths of global warming.
But what will it take? Critics of AOC say the GND will cost $93 trillion. Most of the capital would come from private investors and companies. The federal government would certainly make some substantial investments, too. But a considerable amount will have to come from the taxpayers. It will also take 10 years. These many factors make people step back and think, do we really want this. Ask yourself this when voting, what am I willing to sacrifice today in order to improve the future of others tomorrow. I’d love to hear your thoughts.
Till next time,