The Case Against Temporary, Half-Assed Reforms
Over the coming decade, the United States is projected to produce $288 trillion worth of goods and services. In that same time period, our country is also poised to:
suffer from massive shortages of affordable housing, elder care, and child care.
remain the only high-income country that does not guarantee paid leave to its new parents and affordable health insurance to all its citizens.
invest an infinitesimal fraction of our national resources into mitigating climate change, despite the catastrophic economic, ecological, public health, and national security implications of unchecked global warming.
Joe Biden thinks we should devote about 1.2 percent of our national income about $3.5 trillion to solving these problems. That small sum wouldnt be sufficient to plug all of the holes in Americas safety net, nor to invest nearly as much in green technology as prudence warrants. But it would be enough to finance a wide range of public goods.
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