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From [0], the actual funding is a $150b fund from the Green New Deal, and $500m/yr in grants which will have to be allocated separately. The latter is puny from
by lidHanteyk 7y ago
From [0], the actual funding is a $150b fund from the Green New Deal, and $500m/yr in grants which will have to be allocated separately. The latter is puny from a federal POV. Note that the fund has a $7.5b earmark for Indian and Native relations, which is quite likely to find bipartisan support on its own and could be broken out into a smaller battle independent of Green New Deal.
Keep in mind that, even without this Green New Deal fund, much of the work he proposes is conceptually simple and cheap: Many folks believe that removing barriers to municipal and community-owned ISPs would be a profitable action for the USA on its own, and does not need further justification or funding. That is, it's seen as a problem of regulatory capture and corruption, and not of political willpower or constituent goodwill.
This is economic stimulus: The fund is expected to pay for itself by improving the lives of people around the country. If we use the 1/5 rule of thumb [1], then this is a wager that demolishing the ISP monopolies and regulatory capture, and supporting municipal ISP development and community-owned infrastructure, is worth $750b in toto, plus $2.5m/yr, over the next decade. [0] notes that there is an $40b/yr inefficiency in terms of ISP profit, so we could hope that over a decade, we might reap a $400b boon to the collective taxpayer's worth, and after paying back our portion of Green New Deal, and even if we only get 80% yield, that's still a $200b profit in our worth.
To be more clear: $20b/yr across ~100m taxpayers with cable bills is around $200/yr; Bernie's betting that he can not only improve our cable bills, but generally improve the wealth of the typical taxpayer/billpayer.
[0] https://berniesanders.com/issues/high-speed-internet-all/ https://berniesanders.com/issues/high-speed-internet-all/
[1] https://en.wikipedia.org/wiki/Hauser%27s_law https://en.wikipedia.org/wiki/Hauser%27s_law