GREEN NEW DEAL: A vision for America to address both economic inequality and climate change.
Economies don’t just happen; they are designed. It is time for America’s economy to work to the benefit of all. We call for economic policies that put more emphasis on job creation. We call for a fair living wage so that more workers can become self-sufficient and lead a productive life without government assistance. We look for an economic revival in our rural communities.
In our America:
- Employers with a large minimum-wage workforce no longer get corporate welfare, where the government effectively paid a significant portion of workers’ salaries through social programs.3
- Every job pays enough so that working families are not dependent on social services, and indexing will keep it that way.
- Because a living wage allows families to pay their own way, there is less need for welfare and other support programs. This has reduced government spending.
- Employers are acting on incentives to create better paying full-time jobs with benefits, rather than a greater number of part-time jobs.
- More money in more people’s hands has boosted the economy.
- Federal policies are designed to increase the number of jobs.
- Trade agreements seek to establish good trade policy with international partners in commerce while creating employment for the American workforce.
- New economic policies favor long-term growth, which provides greater reward to workers and consumers, but less short-term gain for shareholders and CEOs.
- The massive shift to renewables and non-fossil fuel cars is creating jobs.4
- Stock buy-backs and similar practices are controlled so that corporate profits once again recycle back into company growth and higher wages.5
- Government is creating jobs by investing in America’s infrastructure.
- Government routinely takes steps to encourage a robust, sustainable economy while taking care to minimize its interference in the free market.
- Federal and state policies boost the private sector (e.g., Energy Star)
- Broadband internet is as available as electricity in support of education, telemedicine, and personal security (e.g., 911 access). Net neutrality is secure.
- Regulatory safeguards walk a fine line between maintaining a robust capitalist system and reining in those unsafe, unsound, and unfair practices that unfettered capitalism has been shown to favor.
- Government has taken steps to reign in financial sector behavior that can harm the economy (e.g., Dodd-Frank safeguards have been improved).6
- Small businesses and rural communities have benefited as policies that give disproportionate advantage to large corporations are eliminated.
- Any company too big to fail is broken up so that risk to the economy is reduced.