These are the CASSE blog articles on the Steady State Economy Act.
The daily news regularly features commentary about the outrageous and growing income inequality in the USA. The data support the outrage:
Even as nearly a billion people go hungry every day, the wealthiest one percent of the world’s population is purchasing ever-more expensive toys. Yacht sales grew by an average of 22 percent per year between 2014 and 2022. Private jet sales have boomed since the start of the COVID pandemic. The global luxury jewelry market, already huge at $56.5 billion,
The first commandment of serious policy reform is: “Thou shalt not propose sweeping legislation without the drafting thereof.” So, if we’re going to get serious about banning flights, we better produce the legislative goods. In doing so, we strive to obey the second commandment as well: “Thou shalt not propose infeasible legislation.”
To be feasible, the Forgoing Flights for America the Beautiful Act (FFAB) must be presented as a logical sequence of reforms.
To achieve sustainability in the USA and generally, it is crucial that we narrow the income gap between the highest and lowest earners. An equitable distribution of income is a prerequisite of social and environmental sustainability. It’s not just about sustainability, either—it’s about fairness, too.
People tend to be happier and healthier in societies where there is a more equitable distribution of wealth, as well as more likely to receive higher education and have a longer life expectancy.
If COVID-19 has taught us anything, it is that the Great God of GDP is a false god after all, impotent as Baal. The mighty American economy, with unprecedented GDP, has been knocked to its knees by one of the lowest conceivable life forms, a mere virus possessing not a single strand of DNA. Politicians who thought their legacies would be associated with “the greatest economy ever” now look like ridiculous priests of a sham religion.