Let’s Make a Deal

Sarah Hoyt has a long essay over at According to Hoyt very effectively demonstrating the stupidity of She Guevara’s proposed Green New Deal. Ms. Hoyt does this in a most unfair manner by using Real World data and numbers and math. For example, consider the cost of green energy upgrades to “every” residential and commercial building.

That estimate— which, frankly, for a full remodel of an average 2,500 square foot home to state-of-the-art anything is still probably small— would put the cost of this project at 1.36 trillion dollars. Oh, plus another 336 billion dollars if we assume renovating commercial buildings costs only about 6 times as much, per building, as private homes. Or, for convenient reference, a bit more than the 1.688 trillion the government is expected to make in personal income taxes. Again, by fairly conservative estimates. This could be way higher.

Read the whole thing. I did, and in the process I also found couple of useful new terms to use in reference to the young congresscritter-elect: ¡Ocasio! and kindercaucus.

4 thoughts on “Let’s Make a Deal

  1. There’s always a lot of good stuff by Sarah.
    The comparison to collected personal income taxes leads me to say:
    Okay, here’s my New Green Deal. Let me keep ALL my personal income taxes for the next 10 years and I may consider doing stuff to my home.

  2. Not much crunch there. The 1.36 trillion is assuming $100k spent on each and every home in the U.S.

    Here’s the quote that inspires the 100k number:

    “iii. upgrading every residential and industrial building for state-of-the-art energy efficiency, comfort and safety”

    Now, yeah, 100k is a pretty serious renovation for a home, and would well qualify for insanity. But a more reasonable position, such as a $200 dollar rebate on new hot water heaters? About $2.8 billion, assuming literally everyone takes advantage of it.

    The positions expounded by Ocasio-Cortez are stupid and ridiculous. It’s also stupid and ridiculous to make wild assumptions in return. Excessive, agressive green policy, in my opinion, is best combated with sober realism instead of wild, assumption-filled rants.

    • Yeah. Hoyt’s numbers are a SWAG, and based on actual quotes for energy efficiency upgrades for my house (which is about 2500 sqft and pretty typical in terms of construction), her numbers are about half of what the Real World costs would be.

      OTOH, let’s say that Hoyt is an order of magnitude too high rather than too low. Where would the 150+ billion bucks come from? What other “priorities” would need to be starved of resources to pay for greener buildings.

      Also, if such upgrades made economic sense, people and businesses would be making them on their own initiative. I haven’t spent nearly the cost of completely rebuilding my house on upgrading my house because there’s no possible positive return on investment. I upgraded the HVAC when I bought it, and I’ve considered new windows, but the ROI isn’t there based on energy savings. If I replace the windows, it will be for aesthetic reasons, and any energy advantage will be a bonus.

  3. The quality of one’s life is rarely improved by telling them how they have to spend their money, which is what taxation and subsidies are.

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