#StrongerTogether ! "The Price Tag Of Being Young: Climate Change And Millennials' Economic Future"

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"The Price Tag Of Being Young: Climate Change And Millennials' Economic Future

Excerpted key points:

This report quantifies the cost of climate change to millennials and their children, compared to a world without climate change.

 The climate change costs are compared to other significant economic burdens millennials will face over the course of their lifetime, including student debt, child care, stagnant wages, and the lack of good jobs.

 ➤ The key findings of this analysis include:

A 21-year-old college graduate in the class of 2015 earning a median income will lose over $126,000 in lifetime income, and $187,000 in wealth.

Without action on climate change, a 21-year-old earning a median income will lose $100,000 in lifetime income, and $142,000 in wealth.

➤ For the children of millennials, the losses from climate change will be drastically greater.

A child born in 2015 with median earnings will lose $357,000 in lifetime income and $581,000 in wealth.

A child born in 2015 who will graduate college will lose $467,000 in income over her lifetime, and $764,000 in wealth.

Without action on climate change, the millennial generation as a whole will lose nearly $8.8 trillion in lifetime income.

➤ The economic losses caused by climate change are substantially greater than the damages of other economic challenges.

Student debt costs the median- earning college-educated individual approximately $113,000 in lost wealth over a lifetime, due to reduced savings for retirement and home ownership.

Losses from the Great Recession cost the median-earning college-educated household $112,000.

➤ We must act quickly to address climate change because the impacts are occurring now faster and stronger than predicted:

June 2016 was the 14th straight month of record-breaking heat.

The 21st century has seen 15 of the 16 hottest years on record.

For the eighth consecutive year, extreme weather has cost U.S. taxpayers over $10 billion.

Sea levels are rising and in Miami, Norfolk, and other coastal cities, tidal flooding is becoming the norm—even on days without storms.

Drier and longer droughts are threatening our public health and crops.

We must transition to a 100 percent clean energy economy in order to avoid the devastating economic impacts of climate change detailed in this report.

 And we must capitalize on the significant economic driver clean energy can be for the U.S. economy. 

➤ According to a recent study from ICF International, transition to a clean energy economy will:

Create up to 2 million new jobs

Boost our economy by $290 billion

Increase household disposable income by $650

Save families $41 billion on energy bills

AUTHORS:

NextGEN Climate: NextGen Climate is a San Francisco-based environmental advocacy organization. 

Demos: Demos is a public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy. 

You can read more here

( Courtesy of DEMOS )

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(Linked) "...is our 2016 platform...a declaration of how we plan to move America forward. Democrats believe that cooperation is better than conflict, unity is better than division, empowerment is better than resentment, and bridges are better than walls.

It’s a simple but powerful idea: We are stronger together."

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Curated by Gail Mountain, with occasional personal commentary, Network For #StrongerTogether ! is not affiliated with The Democratic Party in any capacity. This is an independent blog and the hope is you will, at a glance, learn more about the Party and you will, with a click or two, also take action on its behalf as it is provided!

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#StrongerTogether ! "Commentary: Congressional Budget Plan a Major Step Toward Costly, Ill-Advised Tax Cuts"

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(Hard to read?: ⬆⬆⬆ "The Republican tax plan: Tax cuts for the rich paid for by everyone else ~ Cut taxes for the rich now driving up deficits ~ Use higher deficits to justify cuts in critical programs for everyone else")

"Commentary: Congressional Budget Plan a Major Step Toward Costly, Ill-Advised Tax Cuts

The House’s adoption today of the Senate-passed budget resolution sets in motion a fast-track process to enact a tax bill that would drive up budget deficits by $1.5 trillion over the coming decade. This contradicts congressional Republican leaders’ repeated promises over a number of months that their tax plan would be revenue neutral and not add to the deficit...But the Senate opened the floodgates to a big deficit-increasing tax bill, and the House has now followed.

Big, deficit-increasing tax cuts would have damaging consequences.  The congressional budget plan calls for deep cuts in many important programs largely to address existing deficits. There should be little doubt that if the tax cuts are enacted, many of their proponents will, in future years, cite the resulting increases in deficits in arguing for sharp budgetary cutbacks.  And low- and middle-income families would almost certainly bear much of the weight of such budget cuts, even though they would receive little benefit from the tax cuts.

Key points excerpted ⬇  

(Details are available via the link below.)

👉 Tax Plan Would Swell Deficits

The Trump Administration and some congressional Republicans contend that the tax cuts would generate so much added economic growth that they would pay for themselves, filling the $1.5-trillion deficit hole the tax cuts would create with a deluge of new revenues.  In reality, there is no credible evidence that large, deficit-increasing tax cuts pay for themselves.

👉 Swollen Deficits Create Excuse for Later Program Cuts

Ballooning the deficit matters.  If deficits continually rise faster than the economy grows, that is likely to ultimately have adverse economic consequences.  Moreover, one sure cost of rising deficits and debt is that the Treasury must then use more of its resources to pay interest on the debt, leaving less for other vital governmental functions.

👉 The GOP Tax Plan’s Sharp Upward Tilt

The tax plan that congressional leaders and the Administration released last month would primarily benefit those at the top of the economic ladder, while doing little or nothing to help most of those who are struggling — ...

You can read more here

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“Trump is ushering in a dark new conservatism

... During the 2016 campaign, Trump spoke of “America first,” which he knew was the name of political movement in the United States that opposed American participation in the second world war. Among its leaders were nativists and Nazi apologists such as Charles Lindbergh. When Trump promised in his inaugural address that “from now on, it’s going to be America first” he was answering a call across the decades from Lindbergh, who complained that “we lack leadership that places America first.” American foreign and energy policies have been branded “America first”.

Conservatives came to regard the American involvement in the second world war as a high mark of American morality, the work of “the greatest generation”. The current administration wants no part in this national story. In January, the White House passed over Holocaust Remembrance Day without mentioning the Jews. Its spokesman contrived in April to suggest that Hitler had not killed his “own people” by gas, an error of fact that reveals a deeper absence of ethics. The only way to believe that the German handicapped people and the German Jews who were gassed were not Germans is to accept the Nazi definition of race.

Conservatives always began from intuitive understanding of one’s own country and an instinctive defense of sovereignty. The far right of the 1930s was internationalist, in the sense that fascists learned one from the other and admired one another, as Hitler admired Mussolini.

The far right of today sees Russia as its model. Putin is openly admired by America’s leading white supremacists Richard Spencer and Matthew Heimbach (who is currently on trial for using force to eject people from a Trump rally, and whose defense is that he “acted pursuant to the directives and requests of Donald J Trump”).

As the political scientist Anton Shekhovtsov has shown, Russia supports the extreme right in Europe and the United States in order to disrupt democracy. Nowhere has this been more successful than in Russia’s support of the Trump campaign. Conservatives would see the danger of a president whose major sponsors are abroad.

One of the reasons why the radical right was able to overcome conservatives back in the 1930s was that the conservatives did not understand the threat. Nazis in Germany, like fascists in Italy and Romania, did have popular support, but they would not have been able to change regimes without the connivance or the passivity of conservatives.

The last time around, the old right chose suicide by midwifery, and it seems to be doing so again. If Republicans do not wish to be remembered (and forgotten) like the German conservatives of the 1930s, they had better find their courage – and their conservatism – fast."

You can read more here

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→ Direct sources for Democrats:

* ( Personal favored and most informative follows are shared here with the understanding that readers will always apply their own critical thinking to any information provided anywhere by anyone.  #StrongerTogether does not share sources of information lightly but -- no one is perfect! -- so always #DistrustAndVerify I am using a star rating that is strictly based on my situational experience with the work of the media personality specifically in relation to issues of interest to me. )

The Democratic Party Website

The Democratic Party on Facebook

The Democratic Party on Twitter

The Democratic Senatorial Campaign Committee Website

The Democratic Congressional Campaign Committee Website

The Democratic Legislative Campaign Committee Website

Also

C-SPAN (a good place for speeches & hearings direct source (s))

→ Some of my favorite, most informative

 follows on Twitter include:

Malcolm Nance   

⭐⭐⭐⭐⭐ US Intelligence | Author | Navy Senior Chief | NBC/MSNBC

Kurt Eichenwald

⭐⭐⭐ Federal Government Operations | Vanity Fair | Newsweek | MSNBC Contributor | Author

Ari Berman

⭐⭐⭐⭐ Voting Rights/Voter Suppression | Author | Mother Jones 

⭐⭐⭐⭐ You can find Verrit:"Media for the 65.8M" here

→ Some of the most credible media -- at the moment:

📰📰📰 Mother Jones

📰📰📰 The Washington Post

📰📰📰 The New York Times

💻💻💻 News And Guts on Facebook

→ Some of the most credible Talking Heads -- at the moment -- and their Twitter handles:

📺📺📺 Rachel Maddow on MSNBC

📺📺📺📺📺 AM w/Joy Reid on MSNBC

📺📺 Chris Cuomo on CNN

📺📺📺 The Beat With Ari on MSNBC

📺📺📺 Velshi & Ruhle on MSNBC

Thank you for Networking for Democrats today!

{ Act - Analyze - Adjust as needed - Act again }

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.

.

(Linked) "...is our 2016 platform...a declaration of how we plan to move America forward. Democrats believe that cooperation is better than conflict, unity is better than division, empowerment is better than resentment, and bridges are better than walls.

It’s a simple but powerful idea: We are stronger together."

You can read the Platform here

Focused Monthly Inspiration

 (Remember 2018...)

   

 *

Curated by Gail Mountain, with occasional personal commentary, Network For #StrongerTogether ! is not affiliated with The Democratic Party in any capacity. This is an independent blog and the hope is you will, at a glance, learn more about the Party and you will, with a click or two, also take action on its behalf as it is provided!

( You can also find me on Twitter at https://twitter.com/GKMTNtwits )

  *

You can find Vote411 here 

Thank you for focusing!

g., aka Focused Democrat

...Committed to Staying Focused

✊ Resisting "Fake News"

#OnwardTogether for #AbetterDeal