Mark Cuban calls for Bernie Sanders-style federal job guarantee
Billionaire Mark Cuban called for the creation of what is essentially a federal jobs guarantee in a Twitter thread on Sunday to battle the economic impact of the coronavirus pandemic.
Why it matters: Cuban, long thought of as a libertarian who leans right-of-center, suggests a program that largely mirrors a tentpole proposal from Sen. Bernie Sanders that’s been backed by Rep. Alexandria Ocasio-Cortez and top MMT advocate and economist Stephanie Kelton.
What he’s saying: “It’s time for trickle up economics. We need a transitional fed jobs program that trains and hires millions for a federal tracking/tracing/testing program as well as for support for at risk populations including long term care. We need to dent unemployment with stable jobs.”
- “It’s time to face the fact that [the Paycheck Protection Program] didn’t work. Great plan, difficult execution. No one’s fault. The only thing that will save businesses is consumer demand.”
Cuban also called for an interim stimulus program that would give every American household a $1,000 check every two weeks for the next two months that must be spent within 10 days of receipt or it expires.
- It is very similar to the 2016 “helicopter shopping coupons” proposal by former OECD chief economist Catherine Mann.
Πηγή: axios.com
