{"id":46837,"date":"2019-11-20T08:45:03","date_gmt":"2019-11-20T08:45:03","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=46837"},"modified":"2019-11-20T08:45:10","modified_gmt":"2019-11-20T08:45:10","slug":"the-green-party-manifesto-good-on-the-green-new-deal-but-taking-risks-with-tax-and-universal-basic-income","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/11\/20\/the-green-party-manifesto-good-on-the-green-new-deal-but-taking-risks-with-tax-and-universal-basic-income\/","title":{"rendered":"The Green Party manifesto: good on the Green New Deal, but taking risks with tax and universal basic income"},"content":{"rendered":"

I like what the Green Party has to say on the Green New Deal<\/a>. So much that I am going to post it. But if you want to read my criticism of the Green Party manifesto, skip to the end of this post.\u00a0\"\"<\/a>\"\"<\/a>\"\"<\/a>That is the Green New Deal as I recognise it. They did not write it as they claim, although Caroline Lucas did play a part, of course. But we'll forgive them the claim.<\/p>\n

So what's the issue? It's a simple one. They say they are going to0 pay for it with tax. This is the summary:<\/p>\n

\"\"<\/a><\/p>\n

Net that's \u00a395 billion a year of tax raised, and much of it is deeply regressive. I know there is a proposal for a UBI as well - but first I am not convinced that these tax changes\u00a0 fund that and second that UBI is insufficient, I think, to overcome this regressiveness. I am worried by this. Carbon taxes are regressive. We cannot get around that fact.<\/p>\n

The better news is this:<\/p>\n

\"\"<\/a><\/p>\n

This is the Green New Deal plan in action.<\/p>\n

What is not said is how the borrowing will be incentivised. I've done that here<\/a>.<\/p>\n

It's good, in summary. But that carbon tax and UBI may be a step too far in an unknown direction that could backfire horribly.<\/p>\n","protected":false},"excerpt":{"rendered":"

I like what the Green Party has to say on the Green New Deal. So much that I am going to post it. But if
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-46837","post","type-post","status-publish","format-standard","hentry","category-green-new-deal"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/46837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=46837"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/46837\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=46837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=46837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=46837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}