The name “Green New Deal” harkens back to Franklin Roosevelt’s depression ear “New Deal.” Among the GND’s provisions are, zero greenhouse gas emissions and 100% renewable energy by 2030 along with an “Economic Bill of Rights” which includes the right to single-payer healthcare, a guaranteed job at a living wage, affordable housing and free college education.
We’re all socialists to some degree even if we won’t admit it. By definition, socialism is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. And while almost everyone agrees that state ownership is not desirable, the need to regulate markets has been an accepted part of our economic policies since at least the time of President Theodore Roosevelt.
What do we mean when we talk about income inequality? How bad is it? What can we do about it?
Dr Gary Latanich, Professor Emeritus of Economics from ASU Jonesboro, joins Scott and Dr Dean for a discussion on the topic of income inequality.
You can reach out to each of us by email and we all welcome your comments
Scott can be emailed at firstname.lastname@example.org
Dr Dean can be emailed at email@example.com
Dr Latanich can be emailed at firstname.lastname@example.org
A nation’s wealth is determined by its cumulative productivity. The productivity increases in 2018 determined how much wealthier we were by year’s end. How much of this extra wealth any family can claim is determined by their wage rate. If you’re forced to work for nothing, like federal workers this past month, the increase in your family’s wealth is zero. Thus it’s obvious that wealth which is crucial to retirement and the ability to sustain the family in periods of recession hinges almost exclusively wages and wage growth over time.
Gary will be contributing a regular post to this here website and will be a frequent panelist on Straight Talk going forward.