How Will the Joe Biden Tax Plan Affect Me?
The answer: most people will see no tax increases.
The tax plan that Joe Biden has rolled out is targeted at individuals making more than $400,000 a year, less than 1% of the population of the US. If you (like me) are not one of these lucky individuals, then it's very-likely that nothing in this article is going to apply to you.
But, for argument's sake, let's hop in the Model S, drive over to the penthouse, and analyze what Biden's tax code plans mean for you.
If you make over $400,000 a year
First, Biden is going to impose a 12.4% tax on incomes over $400,000 to fund Social Security, split evenly between employers and employees. This is a new tax, because Social Security taxes in the past have been capped on income at or below $137,700.
People who made over $137,700 had a tax break where they didn't have to pay into Social Security for all of their income. Biden's tax plan still allows people making over $137,700 to not pay the Social Security payroll tax for income above that amount as long as they make under $400,000.
When your income exceeds $400,000, you then have to start paying the tax again. This creates an interesting tax structure where people's income at the very bottom and the very top of their income is being taxed for Social Security, but income in the middle is not.
Second, while Biden is likely to keep many of changes from the Tax Cuts and Jobs Act, he has stated that he is going to revert the marginal tax rate for individual incomes above $400,000 from 37% back to the previous 39.6%. As with the Social Security tax, this does not kick in unless your income goes above $400,000.
Individuals making above $400,000 will also have their incomes above $400,000 see itemized deductions capped at 28%. That means if your income is over $400,000 and your tax rate is over 28%, you have less options for itemizing your deductions to get a lower tax rate.
Some business owners have benefitted from deducting up to 20% of their business income as well as 20% of the dividends from qualifying Real Estate Investment Trusts (REITs) on their taxes. Biden is proposing phasing that out for incomes above – drumroll - $400,000.
But what if you're not just making $400,000 a year? What if you are making even more than $400,000 a year? What if you earn over $1 million a year? That's when Biden's really going to hit you where it hurts – your investments.
Most people pay taxes on what's called "earned income," referring to things like your salary at your job. The tax rates for that range from 10% to 37%, depending on how much you make. If you make money from investments instead, that's a whole different story.
If you buy an investment and sell it for a profit within one year of purchase, you would pay your normal income tax on any profit you make. But if you hold the investment for longer than a year, you pay a reduced tax rate between 0% and 20%, depending on your income.
If you make over $200,000 ($250,000 for married couples), you would also pay a 3.8% tax on net investment income. What Biden is proposing is taxing any income over $1 million the same regardless of it comes from your salary or your long-term investments.
The wealthiest people in the US have seen a large amount of their income come from investments, and this measure would keep the wealthiest Americans from paying less in taxes than average working people just because the money comes from holding stocks or real estate instead of a traditional job.
If you make under $400,000 a year
Let's say that you, like more than 99% of Americans, do not make $400,000 a year. Does this mean Biden's tax plan will not affect you at all? There's actually a decent chance you might see some changes to your taxes.
Biden is proposing bringing back the First-Time Homebuyers' Tax Credit, originally created to help the housing market during the Great Recession, and provide up to $15,000 for first-time homebuyers. With interest rates at historic lows, this may be another incentive for you to consider dipping your toes into the real estate game and becoming a homeowner.
Biden is also proposing expanding the Child and Dependent Care Tax Credit from $3,000 up to $8,000 for one dependent and $16,000 if you have multiple dependents. The maximum reimbursement rate would also adjust from 35% to 50%. If you have kids or other dependents, this may reduce how much you pay in taxes by giving you a child tax credit the money you spend to support your family.
Biden also has a few very targeted tax cuts and tax benefits that will apply to a much smaller group of people. One is expanding the Earned Income Tax Credit (a tax credit for low-income people who are very close to the poverty line) and allowing people over the age of 65 to also claim the credit even if they do not have dependent children.
He would also provide a refundable low-income renter's credit, reinstate tax credits for the purchase of electric vehicles and improvements to your home to make them more energy-efficient, as well as exempt forgiven student loans from taxable income. These may not apply to as wide a group of people, but if you're older, a renter, looking to live a more green lifestyle, or seeking forgiveness for student loans, Biden's tax proposals can have you looking at a smaller tax bill.
Biden's plans for inheritances
At first glance, it looks like everyone making more than $400,000 a year will pay higher taxes and everyone else will pay less taxes than they currently do. However, there is a part of Biden's tax plan that may have an impact on you even if you are lower income – if you have a rich family.
The Tax Cuts and Jobs Act raised the threshold at which estate taxes are paid and lowered how much they have to pay in taxes. If you stand to inherit an estate worth $11.6 million dollars today ($23 million if you are a married couple), right now you don't pay taxes on it.
If you inherit more than that, you would pay a top rate of 40% tax. Biden is proposing lowering the threshold where the tax would kick in back down to $3.5 million ($7 million for married couples) and raising the tax rate back to 45%. This will affect roughly 0.3% of estates. If you are in the 99.7%, you do not need to worry about the Biden inheritance policy.
Now, the next part is closing an inheritance loophole called the "stepped-up basis" loophole. Right now, when an heir inherits an asset, they only pay taxes on the gain in value of the asset from the time that they inherited it.
Let's say your parents bought $100 worth of stocks decades ago and today those stocks are worth $10,000. If your parents passed away and left you the stocks, you would be allowed to sell them immediately and not pay any taxes.
If you held the stock and the price rose to $12,000, you would only pay taxes on the $2,000 in value the stocks gained since you inherited it. This because the initial value of the stocks would be "stepped-up" to the value at the time you inherited it rather than the value at the time your parents bought it.
This loophole has allowed the very wealthy to leave very valuable assets to their children without needing to pay taxes and allowed generations to pass large fortunes to their children. Biden has proposed closing this loophole and not stepping-up the value of an asset when it is inherited; taxes will instead be paid on the value of the asset from when it was first purchased.
This part of the plan has yet to be fully fleshed-out by Biden, but it appears to be modelled after a proposal from the Obama administration. That plan allowed an exclusion of $100,000 per person (rising with inflation) and excluding $250,000 for primary residences ($500,000 for couples). It also allowed a 15-year payment period and tax deferrals for family-owned small businesses. Biden may roll out similar provisions once he rolls his tax plan out before congress.
Does any of the Biden tax policy outlines even matter?
Maybe?
Biden has presented something of a wish list for his tax plan, but that doesn't mean he can wave a magic wand on January 20th and put it into place. This plan will require significant negotiations in Congress, and if Republicans retain a Senate majority, they may refuse to even allow a bill to have a hearing. Ultimately, Biden's tax proposals may change significantly as they work their way through Congress and if they are not able to garner enough support, they may never come into effect.
The Warren-Sanders Feud Is a Threat to the Future of America, and the World
With consistent cries for party unity since before presidential candidates even began announcing their campaigns, it would be tempting to attack Ocasio-Cortez as splitting the party, but she is absolutely right. There is only a unified party to split on paper. America's winner-take-all style of voting forces disparate political interests to share a title and to pool donors—unless they have the ability, like AOC, to source their own funding.
Getty Images
The GOP has used this to their advantage, emphasizing social wedge issues like abortion and immigration to pull working-class white voters away from their economic interests on the left—convincing them to cheer on tax cuts for the ultra-wealthy. For the Democrats, however, the powerful faction of the party that represents professional-class interests—the private-public partnership, means-testing, social-program-cutting wing—has represented a barrier to participation for truly progressive candidates and voters.
That's why it has been heartening, prior to this week, to see Bernie Sanders and Elizabeth Warren avoiding the temptation to attack one another. While many of Bernie's supporters online have adopted toxic attitudes toward anyone other than their preferred candidate, and many Warren supporters have questioned Bernie's feminist bona fides (particularly in light of that toxicity from many "Bernie Bros"), the candidates and their campaigns seemed largely cordial and supportive of one another. It's important, as the marginalized left-wing of the party, to focus on commonalities and mutual aid if there is going to be any hope of overcoming the powerful centrist forces that have ruled the party and served moneyed interests with only moderately less zeal than the Republican party.
That shared effort began to fall apart on Saturday night when Politico ran a story under the headline "Bernie Campaign Slams Warren as Candidate of the Elite." The story included excerpts from a document purported to be circulated within the Sanders campaign, with scripts instructing volunteers how to attack rivals in the Democratic primaries. While criticisms of Joe Biden and Pete Buttigieg are hardly surprising, the attacks on Warren—noting that her supporters are predominantly educated, affluent voters who "who are going to show up and vote Democratic no matter what"—came as a surprise in the context of the candidates' established alliance.
Skepticism in these cases is usually warranted, but the article contained little to suggest that the content was anything less than official and approved by Bernie Sanders himself. By the time Sanders came forward to repudiate the document and deny its official status, the damage was done. The rift was already beginning to widen.
Warren responded that she was "disappointed to hear that Bernie is sending his volunteers out to trash me," and she sent out a fundraising email that asked both for donations and for supporters to share personal stories and perspectives to contradict the framing of her base as elitist. If that had been all, then it might have been easy to move on and return to a mutually supportive stance within a few days. But the real damage was done when people close to Warren, perhaps in an effort to retaliate, spoke to CNN about a private conversation the two had in 2018.
Back then, the thought of actual voters making actual choices seemed distant and abstract, and the candidates sat down to discuss strategies against Trump and to establish the general truce that has held until now. Everyone involved seems to agree on those points, but differing reports emerge when it comes to the topic of gender.As CNN reported, Warren laid out her strengths as a candidate: "She could make a robust argument about the economy and earn broad support from female voters." Bernie was not on the same page.
According to anonymous members of Warren's team, Bernie didn't think a woman could win. Bernie shot back with his version of events, saying, "It is ludicrous to believe that at the same meeting where Elizabeth Warren told me she was going to run for president, I would tell her that a woman couldn't win... What I did say that night was that Donald Trump is a sexist, a racist and a liar who would weaponize whatever he could. Do I believe a woman can win in 2020? Of course! After all, Hillary Clinton beat Donald Trump by 3 million votes in 2016." When Warren herself was finally convinced to weigh in directly, she urged people to move on, claiming that she was more interested in what she and Sanders agree on… But she also confirmed the more inflammatory version of events: "Among the topics that came up was what would happen if Democrats nominated a female candidate. I thought a woman could win; he disagreed."
While there is certainly a conversation to be had about to what extent America remains too sexist to support a female candidate, it seems like a stretch to accept the idea that, in 2018, Bernie would hold such a categorical view against the possibility of a woman being elected president. What makes it particularly questionable is the existence of footage from a C-SPAN appearance three decades earlier, in which Bernie says, "In my view, a woman could be elected president of the United States. The real issue is whose side are you on? Are you on the side of workers and poor people, or are you on the side of big money and the corporations?"
C-SPAN
The suggestion that Bernie's views have become more regressive since 1988 seems far-fetched. The inclusive, forward-thinking persona he has consistently presented to the public for 40+ years doesn't line up with this supposed private view. Then again, the idea that Warren would simply lie about Sanders' comments seems equally unlikely. Who you believe seems to depend largely on who you prefer, and the two camps seem to be moving further from each other as the Iowa Caucuses close in. On one side, Bernie Sanders is a sexist; on the other, Elizabeth Warren is a liar.
Without a recording or a transcript of the conversation, it doesn't seem quite justified to land in either of those camps. Without third-party witnesses, the basic facts of who did and who said what can quickly dissolve. The message that was intended and the message that was received crystallize in each person's mind to the point that they become irreconcilable. Perhaps Bernie did think that a progressive man was better poised than a progressive woman to counter Donald Trump's brand of populism in the 2020 election. Maybe his way of saying so was so clumsy that Warren took it as a broad statement about the viability (or lack of viability) of female candidates, and she recounted it as such to people close to her. Short of calling either of them a liar or worse, that is the best I can muster—a version of events that I prefer to believe in order to maintain my respect for both of these candidates.
Supporters from both sides will no doubt find this middle-ground unsatisfactory. The rift feels real right now, and it's starting to seem like each side is trying to undermine the chances of the other. But while only one candidate can win the nomination in the end, their support draws too much from the same pool of voters to allow this rift to remain. Already Bernie supporters who also donated to Warren are turning against her with the hashtag #RefundWarren. But the sad truth is that neither can win in the general election without support from the other's ardent fans. And who really stands to benefit from continued fighting? The center and the far-right. It can only help Joe Biden and Donald Trump. And Donald Trump seems to know it...
If Sanders and Warren can't each count on the other's supporters to get behind them as the primaries shake out, then Biden will likely hold onto his narrow lead. And if one of them does manage to get the nomination with this acrimony still hanging in the air between them, no amount of campaigning for one another is going to muster the sort of passion that we can count on to overwhelm Donald Trump in the general. 2016 should have taught us that much.
This feud needs to end now. Warren and Sanders need each other, and our country needs them. They are the only candidates taking America's economic divide seriously, and the only candidates willing to tackle climate change with the resolve and transformative action it requires. If Donald Trump gets reelected, he will continue to make both of these problems far worse, destroying hope for economic justice and a sustainable future. If Joe Biden is our next president, then we will go back to enacting middling, inadequate reforms—one step forward for every two steps back.
Hillary supporters as 2016 election results came inGetty Images
Warren and Sanders, united, represent our only real hope. Of course, they each believe that they are best suited to the job. They wouldn't be running otherwise. But if either of them is going to win, they need to come together, reaffirm progressive unity with one voice—acknowledging the differing accounts of events and decrying sexist limitations. Either of them can win this election, but neither can do it alone.
Underdog of the Month: Democratic Candidate Michael Bennet
But you're doing yourself a disservice—nay, an offense—if you haven't familiarized yourself with his campaign platform, his experiences as a Senator and as superintendent of Denver's school system, and his initiatives as a member on the Committee on Agriculture, Nutrition and Forestry; as well as the Committee on Finance and the Subcommittee on Energy, Natural Resources, and Infrastructure.
Basically, Michael Bennet might covertly be the sh*t. Consider the evidence:
Look at that face! He looks like the Brave Little Toaster!
He's Good with His Hands
Listen: Bennet's home state of Colorado has a lot of land to farm. In fact, agriculture contributes up to $40 billion to the state's economy each year and accounts for over 173,000 jobs. As state Senator, Michael isn't afraid of dirty work. In 2019, he penned an op-ed in The Wall Street Journal calling out the ways that "Trump Has Been Bad for Farmers." What's the farmer's equivalent to throwing down a gauntlet? Throwing down a...hoe? Anyway, Michael's pushed for legislation to create jobs and protect dairy farmers, as market instability has endangered their livelihood, and he openly "believes a resilient agricultural sector is vital to a strong economy. This is certainly true in Colorado, where farming and ranching are a proud tradition and generate more than $40 billion in economic output each year. As a member of the Senate Committee on Agriculture, Nutrition, and Forestry, Michael is working to bring the diverse voices of Colorado to the debate in Washington."
Additionally, Michael's family owns a 1,500 acre farm in Arkansas; and sure, he rents it out to contribute to his notable wealth, but he probably owns at least one pair of overalls. Picture it: Michael Bennet in denim overalls. Wouldn't he look like such a happy little farmer? Hot.
He's Down-to-Earth and Down to Save the Earth
When it comes to land conservation, Michael doesn't mess around. Partly to advocate for America's 2 million farmers and partly because he's adorable and probably has a favorite species of flower, "Michael believes protecting public lands and wild places is an integral part of Colorado's heritage. It's why he brought together a diverse group of stakeholders to protect the Hermosa Creek watershed, and why he has stood up for sacred places and critical wildlife habitat across the country. From hiking to hunting, Michael also recognizes that outdoor recreation is vital to Colorado's economy."
Similarly, he's serious about converting American industry over to clean energy. In the last two years alone, he's cosigned or cosponsored multiple letters and legislation calling for improvements to the Environmental Protection Agency, the Land and Water Conservation Act, and proactive government action to combat climate change (like providing incentives to produce more solar panels in the U.S.). Always the good farmer, he wants to cut down hazardous emissions from farming and ranching with clean energy initiatives, and he supports plans that could conserve nearly one-third of U.S. lands.
We're DEFINITELY not looking at his butt...We're DEFINITELY not looking at his butt...DEFINITELY not.The Gazette
Per his campaign team, "He recognizes this moment in our country as an opportunity to modernize our energy system, transition to low-cost renewable sources of energy, increase energy independence, and provide reliable and affordable energy for every American. Michael knows climate change is not a problem we can push off to the next generation. He believes in a comprehensive approach to combat climate change that includes commonsense actions to reduce carbon pollution and increase the resiliency of our communities, all while growing the economy."
Do you see? He's a happy and environmentally conscious farmer! (So screw you, Jay Inslee, you look like Bruce from Finding Nemo. We don't need you when we have Mike).
He's Almost Definitely into Weed
Speaking of loving plants, as the Colorado Senator, of course Mike is down with 4/20. Specifically, he's an advocate for legalizing marijuana for the sake of job creation, more healthcare options, and a fairer justice system. In fact, he's one of many supporters of the Affordable Care Act and supporting rural communities with less access to health care; but he's also a member of the U.S. Senate Committees on Finance and Agriculture. Through the committee, "Bennet championed the legalization of hemp in the 2018 Farm Bill and is a co-sponsor of the SAFE Banking Act and Marijuana Justice Act, which would end the federal prohibition on cannabis and reverse decades of drug policies that have disproportionately affected low-income communities and communities of color."
In short, we're confident that Mike loves more than one type of grass.
CNN
He Hates Washington
Who doesn't love the passion of a man who's running for the nation's highest office while publicly calling that office "broken." When it comes to government reform, "Michael knows that Washington is broken, and he has worked since 2009 to make Congress more functional. Michael has fought to hold lawmakers accountable to their promises and the rule of law. He supports overturning the Supreme Court's Citizens United decision and placing commonsense limits on campaign spending. Michael also believes that democracy depends on transparency and public access to information, and has lobbied federal agencies to swiftly comply with the Freedom of Information Act."
Michael's also called out the failures of America's immigration policies and our education system. Remember that he was Denver's superintendent for four years, during which time enrollment grew, dropout rates decreased, graduation rates increased, and college enrollment rose, leading The Denver Post to praise, "Bennet has been a force—pushing reforms and steering the state's second-largest district to a culture of success."
So he's proven his ability to helm a broken system and turn it around. He also managed to run a public school system to the public's satisfaction. If that's not a testament to the charm of his boyish freckles and a face that belongs on the label of some hipster's artisanal butter, we don't know what is.
He's a Sagittarius
Obviously, you're not going to exercise your civic duty based on something as whimsical as a candidate's astrology sign. But to peer into the unassuming genius of Michael Bennet's brain, you must know his origins. Born on November 28, 1964, Michael is a through-and-through Sagittarius. Just ask Buzzfeed; they point out his "particularly Sagittarius trait: Bennet overcame dyslexia as a child and went on to graduate from Wesleyan University and Yale Law School, where he served as the Editor In Chief of the Yale Law Journal. That's some big Sagittarius energy!"
More tellingly, very credible and not at all bogus horoscopes for Sagittarius in 2020 foretell a year of professional strides and great success! Those born under the sign of the Archer are expected "to make more progress at work this year. You will work more this year than usual. But it will also help you to become more successful as the year goes on. If anything drains your energy this year, it will be your job!" Thanks, SunSigns.org, our gut's telling us that Michael's in for a future of glory, too!
No Scandals and No Game
Let's face it: We love that he looks like George H. W. Bush was genetically spliced with our childhood hamster. He's the kind of boomer who just wants to drive you home from soccer practice and remind you to call your mother more often, without trying to smell your hair or mouth-breathing heavily with some rancid breath (JOE!). He's not creepy or even slick. In fact, he has zero moves that could remotely seem suspicious. Think about it: Obama danced like he knew he was hot. Everyone knows Trump has the most delicate, fluttery hands. Bennet? He has no distracting characteristics, no deceptive grace, and no smooth-talking rhetoric that raise any of our suspicions. Bill Clinton may have won over voters by pushing some "cool" image by playing saxophone on the Arsenio Hall Show, but that's not what we want in 2020.
We want a wholesome, dad's-golf-buddy type with a face that laughs even when he's trying to cry and who boldly tries new things. We want Bennet. After all, how could we be duped or betrayed as a nation by a man who dances this purely—as if a camera has never captured his quiet-uncle energy before, as if time and space were just illusions and he is that little boy beside him—as if he's never lost a race in his life and never will?
Protests in Chile Should Serve as a Model for American Activists
A memorial depicting Allende's broken glasses in the aftermath of the coup
On that day in 1973, the United States backed a coup that killed Chile's democratic socialist president, Salvador Allende, ushering in the brutal era of Pinochet. Chile has never fully recovered from the violence of that period, nor the sudden shift in economic policy that followed. For many Chileans, it has been hard to imagine a world in which the leadership could work for them, rather than the global elite. But now the streets of Santiago and Valparaiso are being taken over by thousands of protesters who've been unwilling to accept piecemeal concessions from President Sebastian Pinera.
So far many of these protests have been peaceful, but there have been instances of arson and of violent clashes between protesters and security forces. At least 20 have already died, but the activists there are not giving up. They are relentless, and they are only interested in substantive change—a fundamental restructuring of the Chilean Government to serve the working people. They want Pinera to resign, and they are calling for changes to the Chilean constitution.
Al Jazeera
For Americans, this kind of protest remains out of the question. Protest in America does not exist to be disruptive or to force action. It only serves as a salve for our powerlessness.
American protest is sanctioned by the system and restricted to its proper time and place. It makes the protesters feel better for a time—makes them feel seen, like they're a part of something—and maybe it raises some awareness for a cause or inspires some phone calls to congress. And if it attempts to do more, it is met with swift and violent crackdowns. It does not—cannot—break down the country's normal functions.
Christian Science Monitor
But what if the normal functions no longer work for the people? What if the interests that led the United States to back coups against Socialist leaders are also fueling mass propaganda campaigns against grass roots movements at home? What if they're defending those in power from the normal avenues of accountability?
The American media has a tight focus right now on the rapidly developing impeachment proceedings, and that makes sense. There is new information coming out of those efforts on a near daily basis, and there is a significant precedent for this kind of procedure to effect change. But it remains to be seen whether all this new evidence will survive the spin and propaganda from the likes of Fox News and One America News. We should not place our faith purely in the institutions of power to regulate power. To achieve anything for the people, the institutions of power must be afraid of the alternative.
AFP/Getty Images
We must look at the mass actions that are making life difficult for the powerful in Chile and Lebanon and Hong Kong, and prepare ourselves to make the same kind of trouble at home. Even if Trump is forced out of office and the Democrats choose a progressive nominee and the 2020 election fully flips control to the Democrats, the fight will only be getting started. The interests and forces that killed Salvador Allende in Chile will still be doing everything in their power to protect the status quo. We must be willing to upend the normal order if we want to produce real change.
Democratic Socialism: Explained
According to the biggest socialist organization in the US, the Democratic Socialists of America (DSA), "Democratic socialists believe that both the economy and society should be run democratically—to meet public needs, not to make profits for a few. To achieve a more just society, many structures of our government and economy must be radically transformed through greater economic and social democracy so that ordinary Americans can participate in the many decisions that affect our lives." This polished and condensed definition sounds good, but it's difficult to grasp what it means in practice. To help you understand, we've broken down the four pillars of Democratic Socialism to explore how their implementation in the American government could affect your life.
Workers Control Means of Production/The Importance of Unions
Perhaps most central to Democratic Socialism is the belief that American industry should be controlled by the workers who run it and the consumers who gain from it. Generally, they believe in a decentralized economy, though they think some indispensable portions of industry, like energy and steel, should be government controlled. As the DSA puts it, "We believe that social and economic decisions should be made by those whom they most affect."
In practice, this decentralization would likely mean the fruition of things like workers cooperatives and publicly owned ventures. Essentially, this economic model would mean that it would be much more difficult for a few people to get obscenely wealthy while those on the bottom of the economic ladder remain impoverished. Instead, everyone would have fairly equal opportunity to profit off the success of a business, creating a more widespread sense of ownership over the success of the economy, therefore stabilizing it. Unions are an important part of this pillar, as Democratic Socialists believe unions are essential in order to hold companies accountable to their workers and to empower workers to challenge capitalism as a concept.
Capitalism Promotes Greed and Must be Regulated
Democratic Socialists believe that capitalism has the inherent tendency to keep the rich rich and the poor poor and that capitalist corporations will always act in the interest of maximum profit at the expense of all else. Therefore, private corporations must be regulated by the government in order to ensure that they look out for the wellbeing of workers and lower rung employees. With this kind of philosophy implemented, there would likely be a strengthening of labor laws, a higher minimum wage, expanded parental leave, the prevention of foreign outsourcing to low wage countries, and the prevention of environmentally harmful activities.
A Minimum Quality of Life for All Citizens
This is perhaps the simplest pillar of Democratic Socialism though likely would prove to be the most difficult to fulfill. Essentially, Democratic Socialists believe that all human beings have the right to sustenance, housing, clean water, healthcare, education, and child care, and that the government should ensure these things are accessible to all US citizens. This would likely mean significantly more spending on social welfare programs and expansion of government housing, which would inevitably require higher taxes. Of course, with the implementation of the other pillars of Democratic Socialism, more people would have a better chance of reaching this minimum quality of life even without an expansion of welfare programs.
Importantly, healthcare is an essential part of this equation in the eyes of Democratic Socialists. They don't merely believe in "medicare for all" health care system, but also that medical facilities should be publicly run and doctors publicly employed.
Grass Roots Means of Achieving Power
As mentioned before, the welfare of the community is important to Democratic Socialists, meaning that the election of the individual is also seen as having the tendency to play into the patterns of the centralization of power. A traditional Democratic Socialist would likely reject the concept of election altogether, instead opting for grassroots organization and mass mobilization. But as shown by AOC and all the other Democratic Socialist candidates elected this year, most who ascribe to these beliefs recognize that it's necessary to participate in the democracy in order to insight change, but still maintain that true change and empowerment comes from the mass mobilization of the people.
There's a Green New Deal on the Horizon, and It Just Might Be Our Only Hope
Over the past several decades, most of us have heard these diatribes repeated over and over, and have perhaps become numbed to these mantras, which promise that tiny droplets of collective action could potentially save the planet from environmental ruination.
It's true that small changes are important, and that each person contributes to the growing levels of waste and pollution that are killing our ecosystems and raising the planet's temperatures so dramatically that Manhattan-size gaps are forming in Antarctic ice. But it's also true that 71% of carbon emissions come from just 100 companies. It's also true that the scale of the crisis has grown unmanageable, and poses an unprecedented threat to human life.
That's where the Green New Deal comes in.
"It's the only plan that matches the scale of the crisis," said Naomi Klein of the proposal, speaking on livestream yesterday night to thousands of activists tuning in across America. The livestream was hosted by the Sunrise Movement, a millennial-founded organization dedicated to supporting and fortifying the Green New Deal, especially as it's proposed in Congress in the coming week. Klein is the author of This Changes Everything, a book that argues that impending climate catastrophe presents an extraordinary opportunity to revamp the world's economic systems for the better. "I believe we were born for this moment," she told viewers.
Named after FDR's New Deal—which revolutionized the entire country on a tremendous scale, planting three billion trees and establishing hundreds of national forests in addition to catalyzing widespread economic, agricultural, and social reforms—the Green New Deal seeks to implant reforms on an equivalent scale in a time when it seems like there is no other option.
The plan has gone through several phases, but the one that's being proposed in Congress this week focuses on several fundamental points. First: achieve net-zero carbon emissions by 2030, and transition to renewable energy on a huge scale through initiatives like the creation of a nationwide electrical grid. Second: institute a living wage for all, in tandem with the creation of unlimited numbers of green jobs. These are the plan's main tenets, but its ideological aspirations stretch much further. It hopes to generate thousands of jobs in the form of start-ups and maintenance, and to start a wave of international trade in the renewable energy sector.
The original plan focused on a switch to 100% renewable energy by 2030, but a recent five-page draft obtained today by Bloomberg didn't mention this point, perhaps as a nod to moderates, though the omission is still subject to change. The draft proposes large-scale investment in green technology, the restoration of threatened lands, waste removal, and "massive growth in clean U.S. manufacturing, removing pollution byproducts and greenhouse gas emissions from that sector as much as technologically feasible."
The term "Green New Deal" is not a new one, though it has been going through different iterations since its inception. It was coined in a 2007 column by Thomas Friedman, and Barack Obama included it in his 2008 platform. Britain also took note, but a surge of Republican/Tory victories stymied its momentum.
Image via theintercept.com
The GND has found new life in Representative Alexandria Ocasio-Cortez, the Bronx electorate whose rise to political success has been accompanied by widespread social media fame. Ocasio-Cortez showed up in person to support a Sunrise Movement sit-in in Nancy Pelosi's office, demanding the creation of a committee dedicated to developing and pushing the GND, and since then she has become one of its biggest proponents. Now she will be proposing it in Congress this week, alongside Massachusetts Senator Ed Markey. The plan has also garnered support from Rep. Ayanna Pressley, as well as 2020 presidential candidates Kamala Harris, Cory Booker, and Bernie Sanders.
The Sunrise Movement began in 2015, when it was founded by climate activists Sara Blazevic and Varsini Prakash, and quickly gained momentum, taking notes from the heady drive of the 1963 civil rights protests of Birmingham, Alabama. Its founders gathered activists, reached out to politicians, and pulled together the finer points of the Sanders campaign and other recent social movements; the successful Pelosi sit-in was the product of months of organizing.
The movement is appealing in a narrative sense: the vision of young people fighting against bloated fossil fuel behemoths has a definite draw to it. There's also the fact that science says the fate of the entire world requires unprecedented global change over the next few years, otherwise catastrophes like Hurricane Sandy and the California wildfires will become the stuff of the everyday.
Image via theinsurgent.com
But the GND is still just an idea, and it could remain that way. Its lack of specific policy has been subject to criticism, though an official draft has yet to be unveiled, and conservative news sources have labeled it as a hoax, an amorphous idea without policy to back it.
While the GND might seem like an impossibly ambitious proposition, humans have revamped and reshaped the world before a hundred times over, and we are nothing if not creative and adaptive. We've created technologies that connect the globe and turned empty landscapes to highway-lined cities in a matter of years. Now—unless you like the idea of joining Elon Musk's exclusive Mars colony—it's time to turn all of our collective energies towards the future of the home we share.
70 leading Democrats have signed on in support so far, and momentum is building for its official proposition. The Sunrise Movement is planning on facilitating office visits to congress people across the country this week, as well as a rally in Washington on February 26th.
In an age of doomsday threats and constant headlines about plastic oceans and refugee crises facilitated by environmental droughts, the idea of a Green New Deal—something that could actually, genuinely make a difference that touches every aspect of life—seems like a light at the end of the tunnel. Now it's just a matter of getting there.
Image via radioopensource.org
Environmental crisis affects the poor and vulnerable at disproportionate levels; it catalyzes mental and physical illness, economic decline, and overall devastation. Irreparable damage has already been done—but the fight is not quite over yet, though time is running out.
Eden Arielle Gordon is a writer and musician from New York City. Follow her on Twitter at @edenarielmusic.