What Will Dems TAKE To Give A Green New Deal?

What Will Dems TAKE To Give A Green New Deal?
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After the debate…what will they take to give a Green New Deal?

In the Democratic presidential debates, candidates promised to give a lot, but we need to ask: What will they take?

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Under a "Green New Deal," what happens to:

  • Your van or SUV big and powerful enough to carry your kids, groceries, tools of your trade, camping equipment, etc.
  • Your backyard grill-or your backyard in the suburbs
  • Your favorite foods, especially if animal-based
  • Your gas stove, water heater, and furnace
  • Your air conditioner
  • Your third child (and maybe the first and second one too—the population needs to decrease)
  • Your job as an auto mechanic, coal miner, truck driver, petroleum engineer, rancher
  • The trucks that collect garbage, deliver groceries, bring concrete to construction strikes, haul goods of all kinds
  • Your business (service station, car dealership, factory that requires a lot of reliable electricity, restaurant, HVAC installation and maintenance, etc.)
  • Your vacation in Hawaii (or other place not accessible by train)
  • Fire trucks, ambulances, police cars?

Remember, they want zero fossil fuels—which means no internal combustion engines and electricity only from “clean, renewable” (unreliable, expensive) sources.

For more information, see “The Green New Deal: What It Means for Medicine.”

What do our readers think of the green new deal? Is it unrealistic or needed? What will be the economic costs? Will they pay for themselves or bankrupt the country? Please sound off in the comments section on what you think of the economic impact of enviromental issues.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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