General Discussion
In reply to the discussion: Manchin and Sinema are not centrist. [View all]betsuni
(29,300 posts)Before she ran for president she'd read Peter Barnes' "With Liberty and Dividends for All: How to Save Our Middle Class When Jobs Don't Pay Enough" and his idea of a fund using revenue from shared national resources to pay a dividend to every citizen, like how the Alaska Permanent Fund distributes the state's oil royalties every year.
"Shared national resources include oil and gas extracted form public lands and the public airwaves used by broadcasters and mobile phone companies, but that gets you only so far. If you view the nation's financial system as a shared resource, then you can start raising real money from things like a financial transition tax. Same with the air we breathe and carbon pricing. Once you capitalize the fund, you can provide every American with a modest basic income every year. Besides cash in people's pockets, it would also be a way of making every American feel more connected to our country and to one another -- part of something bigger than ourselves. ... We would call it 'Alaska for America.' Unfortunately, we couldn't make the numbers work. To provide a meaningful dividend each year to every citizen, you'd have to raise enormous sums of money, and that would either mean a lot of new taxes or cannibalizing other important programs."
Then she says some Republicans had proposed a nationwide carbon dividend program that would tax fossil fuel use, but couldn't make the numbers work on that one either.
Someone will eventually figure out a way to make it work. But I guess it can't be progressive if Hillary wanted to do it. And if anything's a Republican idea, that's out too -- to this day people still whine about the ACA supposedly being a Republican idea -- how many times did the Republicans try to repeal it? Progress means getting things done to help people, not labels or whose idea it was or slogans.