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, 8 tweets, 13 min read
NOW: Watch panelists @jasonfurman, @HilaryHoynes, and Jesse Rothstein, and chair @joshbivens_DC discuss social safety nets, like universal basic income #UBI, unemployment insurance, and more. Tune in #Inequality2019: piie.com/events/combati…
@jasonfurman @HilaryHoynes @joshbivens_DC .@jasonfurman is discussing tax and transfer systems at #Inequality2019. piie.com/events/combati…
@jasonfurman @HilaryHoynes @joshbivens_DC Macro policies can help with pre-tax wages, especially at the bottom, says @jasonfurman. #Inequality2019 piie.com/events/combati…
@jasonfurman @HilaryHoynes @joshbivens_DC Jesse Rothstein outlines the goals of social safety nets...
🥅Consumption smoothing during job search
🥅Investments in children
🥅Support low-wage workers
🥅Out-of-work subsistence
...but current programs don't really line up with those. #Inequality2019
piie.com/events/combati…
@jasonfurman @HilaryHoynes @joshbivens_DC If you believe we should invest in children overall, then there should be a program that is not conditional on parent's work, Jesse says. #Inequality2019
@jasonfurman @HilaryHoynes @joshbivens_DC The evolution of family/child social safety net has moved towards work and higher up the income distribution. We need to move toward more out-of-work protection– something like a child allowance, says @HilaryHoynes
at #Inequality2019. piie.com/events/combati…
@jasonfurman @HilaryHoynes @joshbivens_DC We should be looking at social safety nets as an investment. Growing evidence that social safety net spending on children–Medicaid, #SNAP, #EITC, cash welfare–leads to improvements in adult human capital and health. -@HilaryHoynes #Inequality2019
@jasonfurman @HilaryHoynes @joshbivens_DC .@joshbivens_DC is chairing a panel of @jasonfurman, @HilaryHoynes, and Jesse Rothstein on social safety nets, taxes and transfers, investing in children, and more. Watch #Inequality2019 now: piie.com/events/combati…
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Peterson Institute
@PIIE
THREAD: @jfkirkegaard outlines the three political and economic implications a higher carbon tax has for the European Union... (1/7)
1/A carbon border adjustment tax is inevitable—an EU carbon tax puts EU businesses at a disadvantage vs. imports. An adjustment tax would effectively set tariffs on imports from economies without equivalent carbon prices, which could stir confrontation with the US & others. (2/7)
2/Carbon revenues will change the distribution of EU revenue generation & disbursements. Shifting away from carbon fuels means some government revenue will disappear, so governments will have to retain at least some of the new carbon revenue... (3/7)
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Peterson Institute
@PIIE
THREAD: Senior fellow @bollemdb is testifying in front of @houseforeign on the moral imperative of preserving the Amazon rainforest. Watch at the link below and follow along for highlights of her testimony: (1/) foreignaffairs.house.gov/2019/9/preserv…
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@bollemdb @HouseForeign The fires in Brazil are a classic case of a “tragedy of the commons,” a term that describes what happens when shared resources are exploited by users pursuing their own livelihoods at the expense of the common good. (3/)
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Peterson Institute
@PIIE
THREAD: As the trade war drags on, there will be two more rounds of tariffs on imports from China, first on September 1, then on December 15. Here are five things you need to know... (1/7)
1. Trump’s latest escalation will drive up the average US tariff on Chinese imports from its current level of 18.3% to 20% on September 1. The December 15 tariffs will ratchet up average US tariffs on imports from China to 21.4%. (2/7)
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Democracy for America
@DFAaction
THREAD: Most reporting on DFA's July 2019 Presidential Pulse Poll results that we released today will be focused on the current top-lines, there's a TON of fascinating info right beneath the surface.

Let's take a little time & chat about them.
First: the way the top-five candidates in our Presidential Pulse Polls have changed (& occasionally haven't) over time is fascinating.

@BernieSanders has been strong throughout, but the growing support for @ewarren and @KamalaHarris since Dec. 2018 is v. noteworthy.
@BernieSanders @ewarren @KamalaHarris The changing dynamics of progressive's top-5 in our July 2019, April 2019, and December 2018 Presidential Pulse Pols is more pronounced in this graph.

Check out: @ewarren's rapid growth over the last three months... also @BetoORourke & @PeteButtigieg rapid rises & descents.
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Scott Santens
@scottsantens
THREAD: Have a question about the concept of Universal Basic Income (UBI)? Here's a link to my UBI FAQ. In this thread you will find question after question commonly asked, followed by a link from my FAQ that answers that question.

scottsantens.com/basic-income-f… #BasicIncome #YangGang
Question: "What is UBI and why should I support it?"

Answer:
weforum.org/agenda/2017/01…

#BasicIncome #UBI #YangGang #Yang2020 #FreedomDividend
Question: "Wouldn't #UBI just lead to the rising prices of goods and services and rents to the point the amount provided becomes entirely pointless?"

Answer: medium.com/basic-income/w…

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Lynn Williams
@Carer49
#realcarersweek 1/
Carer poverty is increasing - as the benefit system is devastated; as care charges increase exponentially, as carers are forced to leave work to care, many find themselves struggling to afford the basic and subsidising care costs and paying for equipment.
#realcarersweek 2/
Carer health is suffering - mental health, anxiety, physical pain, putting off their own health checks, often because there is no support to allow them to do this. Emergency planning to take account of carer needs/wellbeing is patchy at best.
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Rory 🇪🇺
@rory20s
1/I need to vent.
This thread is kind of a “J’accuse”.

Presumably along with many other non Americans, I’m watching what’s happening in the US with bafflement.
tRump has placed a magnifying glass on everything that is wrong with the US and the world is watching with disgust.
2/The US is the richest country in the world. Yet this exists
You wonder why people’re receptive to tRump’s populist demagoguery & lies?
To me this is the result of a basically selfish and corrupt society.
“As long as I can get my $$ the rest of you can die”
tRump is the epitome
3/European countries are seen as socialist countries which they obviously are not.
In America, socialism apparently is synonymous to government interference, something to be afraid of.
This is a remnant of when they were an English colony;
They’re fighting a 240 yr old king.
Read 15 tweets
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Aditi Juneja
@AditiJuneja3
Hi. I was on the @ForbesUnder30 list this year. I have heard a lot of critiques of the list and how intergenerational wealth/access plays a role in success, especially at a young age.

I think lists/stories like this should include people’s debt as well as wealth for context.
We should also include how people make use of government programs and resources to succeed relative to jobs created.

The roads we drive on? Didn’t build it.

The postal service that delivers products? Didn’t build it.

The huge tax break she’ll get this year? Didn’t earn it.
We should also talk about how much more expensive it is to be poor than well off.

The inability to buy thinks in bulk really reduces your marginal profit.

High interest rates on loans rather than loans from parents cuts into profits.

Being unbanked? Credit scores? Etc.
Read 16 tweets
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Scott Santens
@scottsantens
There's a new book coming out in April with an urgent call for Universal Basic Income. It's titled "The War on Normal People" (@WoNP_Book) and the author is @AndrewYangVFA. It's a must-read! Stay tuned to this thread for excerpts.

Pre-order: amzn.to/2iRRByv #BasicIncome
Here's the Table of Contents to get an idea of just how many important points this book covers, and the fact it also offers real and entirely necessary solutions like Unconditional Basic Income as America's Freedom Dividend. Make no mistake, we need UBI ASAFP.

#BasicIncome #UBI
"A wave of automation and job loss is no longer a dystopian vision of the future - it's well underway. The numbers have been telling a story for a while now that we have been ignoring… this is the most pressing economic and social issue of our time."

Exactly.

#BasicIncome #UBI
Read 21 tweets

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