Democrats planning to run for president in 2020 are considering a big new idea: Promise everyone a guaranteed job. You’ll be shocked to learn that the plan involves raising taxes an unknown amount to cover the cost of providing these jobs.And when the Democrats run out of other people's money, it's safe to bet that guaranteed jobs for all will quickly become no jobs for anyone. Think Venezuela.
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[T]he need here isn’t practical so much as it is political, i.e. Democrats need more freebies to offer voters (on top of the free health care and free college they are already offering):
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You may recall that Sanders proposed a Medicare-for-all version of single payer in 2016. That plan was scored by the Urban Institute which estimated it would cost $32 trillion over 10 years. I’m sure his guaranteed jobs program will be a bargain by comparison.
Tuesday, May 22, 2018
DEMOCRATS’ NEXT BIG IDEA: guaranteed employment.
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