What will be the next economic reform gimmick policy to catch on in the U.S.? (user search)
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  What will be the next economic reform gimmick policy to catch on in the U.S.? (search mode)
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Author Topic: What will be the next economic reform gimmick policy to catch on in the U.S.?  (Read 5572 times)
AltWorlder
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Posts: 1,849


Political Matrix
E: -3.35, S: 3.83

« on: October 18, 2020, 06:48:33 PM »

Obviously not all the same amount of sweepingness nor gimmickiness, but some popular ones in recent years include Modern Monetary Theory, Universal Basic Income, Federal Jobs Guarantee, Land Value Tax, Tobin tax, Wealth tax, and a Value-Added Tax (in the U.S.). Each has different aims but are are basically attempts to reform the existing system from a vaguely left of center direction, though both UBI and the LVT has libertarian variants. The VAT as well, since it's often coupled with right-wing flat tax or FairTax schemes.

Are there any other theoretical (in the U.S., at least) policies that haven't been discussed much yet recently but might be in vogue (again)?
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AltWorlder
Jr. Member
***
Posts: 1,849


Political Matrix
E: -3.35, S: 3.83

« Reply #1 on: October 19, 2020, 01:29:45 PM »

Probably European-style (un)employment subsidies that pay businesses to keep idle employees on payroll (much to the chagrin of new workers or other types of Creative Destruction)

Is there a snappy name for that program?

There's definitely been more interest towards Euro reforms such as subsidized childcare. The focus on this thread is more on wonkish ideas that seem more incomprehensible to Americans, and your suggestion here counts, but we just need a way to brand it.
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AltWorlder
Jr. Member
***
Posts: 1,849


Political Matrix
E: -3.35, S: 3.83

« Reply #2 on: October 23, 2020, 02:15:01 AM »

Trying to build a classification for these ideas is a fool's errand, but I'm gonna try.

Neat little proposals that Europeans/East Asians/most of the developed world has thought of but is just completely alien to Americans: Short work/technical unemployment/Wage Guarantee Fund, paid sick leave*, subsidized childcare, the Biden buy American public works project(??)

Revolutionary for Americans but existent in other countries: Medicare For All (single-payer or other form of UHC), Federal Jobs Guarantee, Land Value Tax (in its full Georgist form, either as a single tax or in countries like Singapore or Hong Kong** where land can only be leased from the government)

Sweeping ways of thinking: MMT, Universal Basic Income (both in its libertarian negative tax conception or in a sci-fi post-scarcity fully automated luxury space communist forms), the Green New Deal, One Billion Americans

* wait no, that's just a common policy, Samof94 must've been trolling

** not 100% clear if that's how it actually works in those two examples
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