Monday, January 7, 2019

The New 'Green' Deal

All of the signs are there... thunderstorms in the middle of a blizzard, flooding, forest fires, and other out-of-season weather phenomena becoming commonplace! Further, these phenomena are in place worldwide! As a world leader, we must set the cadence to protect the only place we have ever lived.

The Green New Deal (GND) is a proposed economic stimulus program in the United States that aims to address both economic inequality and climate change. Supporters of a Green New Deal advocate a combination of Roosevelt's economic approach with modern ideas such as renewable energy and resource efficiency.

America must eliminate Corruption and Corporate greed and welfare. We must invest in our resources, i.e. people, natural resources, and higher education! Corporate America does not invest to erase the facade that we are the richest country in the world, because we aren't!

For all of Obama's terms in office, Congress hide behind the Sequester Act of 2011. Trump becomes President and immediately there is a 1.5 trillion dollar Tax Reform Act that has no reforms. Corporate welfare loopholes are still in place. This money accumulated as a result of the Sequester Act of 2011!

Last year, offshore accounts were allowed to be retrieved at one of two rates... 15% or 8% tax rates vice the 35% tax rate that has been in place since 1986!

"President Donald Trump requires companies to pay taxes on those earnings at two discounted rates — 15.5 percent on income held as cash and cash equivalents and 8 percent for illiquid assets. Those rates apply to an  estimated $3.1 trillion in earnings stockpiled overseas since 1986."

My point... Free College tuition, Re-education of the workforce to fill Silicone Valley high tech job vacancies for areas suffering from the effort to go green in America and third world countries.

The elimination of Corporate welfare alone will free up 85 billion plus dollars! Corporate and the 1% got 1.5 trillion in tax cuts, recovered 3.1 trillion dollars from overseas accounts at one of two tax rates that aren't available to a person whose income is 30k per year!

The largest cost to the American economy... fewer and fewer students able to graduate college without an enormous debt to pay, with interest I might add!

When are we going to learn that investing in America has major implications for all of us!