Most of the Green New Deal is make-believe

To be fair, some gains in de-carbonizing the economy can be easily achieved. A starting tax of $25 a ton on carbon dioxide — which would rise slightly faster than inflation — would hasten the retirement of coal-fired power plants, says Adele Morris, policy director of the Climate and Energy Economics Project at the Brookings Institution, another think tank.

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What’s not well appreciated is that the Green New Deal also would require a host of non-energy changes. As Howard Gleckman of the nonpartisan Tax Policy Center notes, it is “an ambitious manifesto demanding — among other things — a massive infrastructure initiative, a guaranteed job with a ‘family-sustaining wage,’ and universal access to high-quality health care, affordable housing, economic security, high-quality education, and healthy food.”

Granting the usual congressional penchant for exaggeration, this is still over-the-top. Most of it is make-believe. No one knows how much the program would cost. Gleckman says it would be “staggering.” The total would easily run to trillions of dollars.

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