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Five Proposals for the U.S. Economy

By: Giorgos Kallis


We at Research & Degrowth are repeatedly being told that our framing won't work. That we are preaching to the choir by the way we frame our proposals, and that we will never convince the broader public. So, here are our policy proposals re-framed in the language of the U.S. elections.

Dedicated to all you framing aficionados out there.

  1. Oil-funded tax breaks

Abolish all income tax on incomes lower than $50,000 dollars per year. Finance this tax break by establishing a sovereign carbon fund financed by charges to the oil, coal and natural gas industry and by a carbon fee on trade imports.

  1. Jobs for all, fun for all

Make Friday a day off that we can dedicate to our families, friends and communities. Do not reduce salaries: same pay for four days of work. President Roosevelt did it during the Great Depression. This alone can create 10 million new jobs.

  1. Zero bank debt

No bank should lend more than its deposits. Banks cannot be allowed to create money out of thin air, while all the rest of us have to work hard just to get by.

  1. Freedom Income

Each and everyone should have the freedom to choose how to live their lives free from illness, hunger or fear. Establish a permanent freedom income of $800 per month, for every American. Pay for the income like Alaska did with a sovereign carbon fund. If this is not enough, finance it with a sovereign capital fund, funded by a progressive fee on excessive capital.

  1. Use it or lose it

Hard-working Americans should have the right to inhabit housing assets that are left unused for more than one year for the purpose of speculation.

For the original 10 degrowth proposals, see https://theleapblog.org/yes-we-can-prosper-without-growth-10-policy-proposals-for-the-new-left/

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Giorgos Kallis

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