Viktor
Diamond Member
https://www.forbes.com/sites/miltonezrati/2019/02/19/the-green-new-deal-and-the-cost-of-virtue/#120a9b183dec
"The proposed expansion of renewables to provide 100% of the nation’s power needs would, according to respected physicist Christopher Clark, cost about $2.0 trillion or approximately $200 billion a year for ten years.
The Deal’s desire to build a “smart power grid” for the entire country, would, according to the Electric Power Institute, cost some $400 billion or $40 billion a year for ten years.
According to several sources, AOC’s aspiration to “draw down greenhouse gases” would cost upwards of $11 trillion or about $110 billion a year for ten years.
The Deal’s goal to upgrade every home and industrial building in the country to state-of-the-art safety and energy efficiency would run some $2.5 trillion over ten years or about $250 billion a year. This figure may well understate. Consider that there are 136 million dwellings in the United States. An upgrade of each would conservatively cost $10,000 a unit on average or near $1.4 trillion, and this does not even include the industrial and commercial structures. Nor does it include upkeep.
The Green New Deal also aspires to provide jobs guarantees at a “living wage.” A government assessment of a similar proposal by Sen. Cory Booker (D-NJ) puts the cost of such a program at $543 billion in its first year. Though the costs thereafter would fall, the cumulative expense over ten years would come to some $2.5 trillion.
The goal of developing a universal, single payer health-care system would, according to an MIT-Amherst study of a similar plan put forward by Sen. Bernie Sanders (I-VT), come to about $1.4 trillion a year.
Just these six of AOC’s long list of aspirations would then roughly cost some $2.5 trillion a year.
"The proposed expansion of renewables to provide 100% of the nation’s power needs would, according to respected physicist Christopher Clark, cost about $2.0 trillion or approximately $200 billion a year for ten years.
The Deal’s desire to build a “smart power grid” for the entire country, would, according to the Electric Power Institute, cost some $400 billion or $40 billion a year for ten years.
According to several sources, AOC’s aspiration to “draw down greenhouse gases” would cost upwards of $11 trillion or about $110 billion a year for ten years.
The Deal’s goal to upgrade every home and industrial building in the country to state-of-the-art safety and energy efficiency would run some $2.5 trillion over ten years or about $250 billion a year. This figure may well understate. Consider that there are 136 million dwellings in the United States. An upgrade of each would conservatively cost $10,000 a unit on average or near $1.4 trillion, and this does not even include the industrial and commercial structures. Nor does it include upkeep.
The Green New Deal also aspires to provide jobs guarantees at a “living wage.” A government assessment of a similar proposal by Sen. Cory Booker (D-NJ) puts the cost of such a program at $543 billion in its first year. Though the costs thereafter would fall, the cumulative expense over ten years would come to some $2.5 trillion.
The goal of developing a universal, single payer health-care system would, according to an MIT-Amherst study of a similar plan put forward by Sen. Bernie Sanders (I-VT), come to about $1.4 trillion a year.
Just these six of AOC’s long list of aspirations would then roughly cost some $2.5 trillion a year.