vicepope said:

Green new deal only want 580 billion to address the"smart grid ". Where it needs minimal 1.5 trillion to fix it.

Fixing pot holes sounds like campaign slogan to focus on while probably hiding how other failing. Is his child care and other policy's panning out.

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Quote:

Will the Green New Deal be inflationary?

The GND resolution is in the form of an outline of intended policy initiatives and does not include detailed costing. As noted above, however, Sanders’ GND is costed item by item and serves as our case study.

We begin by noting that Sanders’ GND costing does not include universal health care, which is one of the features of the GND resolution. Instead, his “Medicare for All” is structured separately from his GND [54] and he maintains his restructuring of health care will actually save the Federal government as much as $5.1 trillion over 10 years, which amounts to about 2.7% of GDP. Most independent estimates agree that Medicare for All would bring a net saving [55,56, 60], and in the light of these, Nersisyan and Wray [46] suggest a conservative estimate is a saving of 3.7% of GDP, which amounts to about $0.7 trillion per year, or $7 trillion over 10 years. However, in our analysis below we will err on the safe side by refraining from subtracting likely gains through healthcare reform from the cost of the GND. We will also consider the effects of Palley's claimed increase in health care in our analysis.

Aside from heath care, Sanders’ $16.3 trillion GND plan aims to “pay for itself over 15 years” through generating revenue (or, as Keynesian economists might express it, through withdrawing money from circulation) from the following sources: (a) $3.085 trillion by eliminating all fossil fuel subsidies, increasing taxation of fossil fuel companies and increasing polluter fines and litigation; (b) $1.215 trillion from reducing military expenses related to protecting oil-shipping routes; (c) $6.4 trillion from selling energy via power marketing authorities; and (d) $2.3 trillion from income taxes on the 20 million new jobs created. Sanders also argues his GND will: (a) save $1.31 trillion by reducing the need for what the US currently spends on public assistance programs, due to the creation of 20 million new jobs; and (b) raise a further $2 trillion by making the wealthy and large corporations pay “their fair share” of taxes [57] .10 $16.3 trillion spent over 15 years is about 5.7% of GDP annually.

In conclusion, Sanders’ GND proposal does not seem to break any vital economic rules and would not necessarily lead to inflation if managed sensibly. The main unanswered question is whether US society would accept 1940s-70s-style tax rates on its wealthiest citizens.

https://www.sciencedirect.com/science/article/pii/S2214629620301067

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Quote:

One approach to this question is to consider tax rates in recent US history. The graph in Fig. 1, from data gathered by Thomas Piketty and used in his new book, Capital et idéologie [28] helps to address this question. It shows the proportion of different US groups’ income paid as tax, including all taxes less social welfare transfers and food stamps – i.e. the net proportion of persons’ income paid in tax. It is here clearly seen that prior to about 1981, the top earners in the US paid at least 40% more tax than today, as did the next highest band prior to about 1957. There are therefore many years of recent historical precedent for increasing tax rates for the very wealthy. Further, recent polls show significant support for a wealth tax and a 70% top income tax rate, across party lines.

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sudly said:

There is no new commie mayor in NYC.

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sudly said:

Guliani and Cuomo let a lot of things rust.

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sudly said:

There was no commie mayor and there is no commie mayor.

The people yearned for mandani.

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I guess

mushboy said:

mandani is the rights fault. you all need to own this.

you guys pushed and pushed and now the backlash elected this communist muslim who will force sharia law onto all of us and its ALL THE RIGHTS FAULT. you were warned right????

just as retarded and stupid as blaming democrats for trump aint it??

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sudly said:

mushboy said:

mandani is the rights fault. you all need to own this.

you guys pushed and pushed and now the backlash elected this communist muslim who will force sharia law onto all of us and its ALL THE RIGHTS FAULT. you were warned right????

just as retarded and stupid as blaming democrats for trump aint it??

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Hes got good messaging.

Kamala had good messaging at one point and got a 6 point bump but then turned away from it and continued down that track. She also didnt mention the genocide which didnt help.

Standing for something I think helps, but I wouldn't say trump won because of dems, or mamdani won because of Republicans, but that mamdami had and has good messaging.

Kamala didn't stand against trump strongly. The kinda coi approach is weak. Its fight fire with fire.

Being louder in a debate doesnt mean youre right. And being yelled at should take you off your point, and if someone dodges, hold their feet to the fire.

I guess I'm just staying that whoever wins, wins on what they bring to the table imo, not on what the other person alone didn't bring. Something like that.

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mushboy said:

mandani is the rights fault. you all need to own this.

you guys pushed and pushed and now the backlash elected this communist muslim who will force sharia law onto all of us and its ALL THE RIGHTS FAULT. you were warned right????

just as retarded and stupid as blaming democrats for trump aint it??

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budmanman said:

Government grocery stores are gonna be sweet.

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Mamdani has a 58% approval rating...

What's Trumps approval rating? 23%

Bigbadwooof said:

budmanman said:

Government grocery stores are gonna be sweet.

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Mamdani has a 58% approval rating...

What's Trumps approval rating? 23%

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vicepope said:

sudly said:

mushboy said:

mandani is the rights fault. you all need to own this.

you guys pushed and pushed and now the backlash elected this communist muslim who will force sharia law onto all of us and its ALL THE RIGHTS FAULT. you were warned right????

just as retarded and stupid as blaming democrats for trump aint it??

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Hes got good messaging.

Kamala had good messaging at one point and got a 6 point bump but then turned away from it and continued down that track. She also didnt mention the genocide which didnt help.

Standing for something I think helps, but I wouldn't say trump won because of dems, or mamdani won because of Republicans, but that mamdami had and has good messaging.

Kamala didn't stand against trump strongly. The kinda coi approach is weak. Its fight fire with fire.

Being louder in a debate doesnt mean youre right. And being yelled at should take you off your point, and if someone dodges, hold their feet to the fire.

I guess I'm just staying that whoever wins, wins on what they bring to the table imo, not on what the other person alone didn't bring. Something like that.

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No mushboy is correct it is republicans fault a democrat socialist won the mayorship. Remember the last mayor sucked a republican dick to stay out of prison .

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Icon said:

Bigbadwooof said:

budmanman said:

Government grocery stores are gonna be sweet.

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Mamdani has a 58% approval rating...

What's Trumps approval rating? 23%

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33%*

But yea it’s not stupid to blame democrats for Trump. They rigged the 2016 primary and benched the progressive candidate people want. Just to maintain the corporate establishment and the right vs left false narrative. Centrists with over 1mil net worth probably would rather have Trump than a socialist. We can’t let them decide our candidates any more.

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