According to its draft plan introduced in the U.S. House of Representatives, the House would create a 15-member committee to craft a “detailed national, industrial mobilization plan.” And to what end? To transition the United States economy away from fossil fuels by dramatically lowering its “greenhouse gas emissions,” as well as establish “economic and environmental justice and equality” throughout society – ideally all within 10-35 years.
The proposed Green New Deal doesn’t stop there, but goes much further in committing to “virtually eliminate poverty;” create millions of new “green” jobs; and rewrite the tax code to include, as first-term Rep. Alexandria Ocasio-Cortez recommends, a top federal income tax rate of 70 percent.
Leading liberal politicians — including Rep. Ocasio-Cortez of New York City, veteran Oregon Senator Ron Wyden, and Massachusetts Senator and presidential candidate Elizabeth Warren — have all touted aspects of the “Green New Deal.” But just how could such a plan be implemented? Only by creating a much larger government in both size and scope than we have today – one that commands regulatory authority over virtually every aspect of America’s society and economy.
The idea of a “New Deal” harkens back to the days of Franklin D. R