Oh boy, you're asking a tough question. I come from a tradition in macroeconomics that turns the sort of spending problem on its head a little bit. I'm sure you've heard of modern monetary theory, and I would say that if we want to do a Green New Deal, what we're basically committing to is a legislative overhaul and a re-articulation of our priorities, and reconfiguration of our institutions.
So to pay for something like that would require congressional commitment to authorize the spending, to go out to procure the resources and make our society cleaner and greener.
I think what, typically people are asking for, is "Okay, who are you going to tax to pay for it?" And I say that's sort of a tertiary question. I think the federal government, United States has the ability to basically spend without limits, separate to resource availability and the financing within that can follow that.
https://www.salon.com/2019/09/02/th...wing-talking-points-about-the-green-new-deal/
So to pay for something like that would require congressional commitment to authorize the spending, to go out to procure the resources and make our society cleaner and greener.
I think what, typically people are asking for, is "Okay, who are you going to tax to pay for it?" And I say that's sort of a tertiary question. I think the federal government, United States has the ability to basically spend without limits, separate to resource availability and the financing within that can follow that.
https://www.salon.com/2019/09/02/th...wing-talking-points-about-the-green-new-deal/