Paying for the Green New Deal Profile picture
Nov 14, 2019 14 tweets 9 min read Read on X
1/
#Thread 2: Paying for the #GreenNewDeal

The Federal Budget, pt. 2
Fadhel Kaboub @FadhelKaboub

The Green New Deal will be a massive endeavor, but so was World War II. We know how to do massive endeavors. We've done them before. It's a matter of deciding to do them.
2/
We want to end fossil fuel extraction, but we don't want to end people's livelihoods. So the concept of 'just transition' – and guaranteed jobs, with decent wages and benefits – is central to the Green New Deal. #JobGuarantee
3/
Would a #JobGuarantee bankrupt the country? No; in dollars it would cost < 4% of GDP. And it would address structural unemployment and inequality and rebuild communities sustainably. We can do this.
4/
We won't be scared into rejecting a #JobGuarantee that benefits everybody. #MMT explains how federal taxing and spending are decoupled. We may need some taxes to offset some of the spending, but they don't have to burden working- and middle-class people and small businesses.
5/
A job without social support is not sufficient if somebody's mental health has been neglected. The #JobGuarantee will include support – training, counseling & legal aid – to reconnect & rebuild communities from within. #GreenNewDeal takes people as they are, where they are.
6/
The #JobGuarantee will protect everyone from unemployment. It will protect the marginalized, who today are the last to be hired and the first to be fired. We have the capability and the duty to ensure that the damaging consequences of unemployment no longer afflict anyone.
7/
The threat of unemployment is used as a scare tactic to keep people down; to keep wages down; to keep quality of life down. A #JobGuarantee will be the public option that removes this threat. It will complement and strengthen the labor movement.
8/
You have 100 kids at the park, but only hide 95 Easter eggs.

Five kids will find nothing.

That's just cruel.

Yet we do the same thing in the labor market: 95 jobs; 100 people looking for jobs. For what?

To put a dent in the #climatecrisis, we need all hands on deck.
9/
To avert climate catastrophe & improve quality of life, we need a paradigm shift. Every time we pay for hospitalization, medication, or cancer treatment, GDP goes up. Gets celebrated on TV as #economicgrowth. But growth for its own sake is the ideology of the cancer cell.
10/
Today, thoughtless growth drives inflation in healthcare, education, energy & transportation, and housing. #GreenNewDeal targets those areas. #MedicareForAll to reduce pricing power of profit-seeking insurers. Renewable energy to avoid inflation from a geopolitical conflict.
11/
The idea of no Job Guarantee but a Universal Basic Income (#ubi) is a Trojan horse for neoliberalism. Planet on fire. Millions want to work. Just give everybody a check & things will be fine? No. We need all hands on deck. #climatechange
12/
Even the scientists weren't sure JFK's moon mission was feasible. But we made it NASA's top priority, and funded it. Today, we have the fiscal space & brainpower for a #GreenNewDeal and a sustainable future.
13/
For the full video: payforgnd.org

The Federal Budget, pt. 2
by Fadhel Kaboub @FadhelKaboub
start time: 2h:30m

Please stay tuned for our next thread!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Paying for the Green New Deal

Paying for the Green New Deal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @payforgnd

Jan 22, 2020
Paying for the #GreenNewDeal
#Thread 9

Transforming Investment, pt. 2
Robert Hockett @rch371

1/
It's a #GreenNewDeal now or a Pirate Planet later.
2/
On the importance of colorful storytelling, and why Prof. Hockett says "inflation is a relation"
3/
How to replace a bullshit slogan with a less-bullshitty slogan
Read 9 tweets
Dec 13, 2019
Paying for the #GreenNewDeal
#Thread 5

Managing Inflation, pt. 1
Pavlina Tcherneva @ptcherneva

1/
Most inflation is cost-push, not demand-pull. This lack of demand-pull inflation means that we have the capacity for ambitious public spending.
2/
The orthodoxy of inflation resulting from ‘too little’ unemployment is a toxic myth. There is no 'just right' number of involuntarily unemployed people.
3/
The #MMT solution is to replace; to give up; to forever forget the concept of a 'natural' rate of involuntary unemployment -- and to replace it with policies that do not permit that condition in the first place.
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(