Millennial Caucus
Sustainable Responsive Governance
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Millennial Caucus

Challenge Accepted

Assuming responsibility to solve the problems the previous generation(s) left behind. 

The National Debt is approaching $20,000,000,000,000. Social Security, Medicare, and other entitlement programs are on an unsustainable path.  The conversation around climate change remains just a conversation.  A system of taxation that is dated, incentivizes the wrong economic behavior and places the majority of the burden on the shrinking middle class. A political and electoral system that only continues polarization and inaction in Washington.  Regulations that act as brake to the economy and reduce access to workplace benefits.  An education system that is not in touch with economic realities and contributes to younger generations being ladened with debt...

Who is in charge in Washington that refuses to take on tough problems?  Answer - not Millennials. Contrary to the slanderous tone that some ascribe, Millennials are some of the most capable of addressing these problems in objective, transparent and equitable ways.  Representing the largest segment of the population, the majority of the workforce, and being burdened by the failure to govern, it only seems fitting that political clout correlate to contributions that have never before been asked to make.  

Millennial:
Person who considers themselves to be part of the movement of sustainability, transparency, objectivity, accountability, and logic.  Not necessarily a person of a certain age but more of a cultural mindset.  Generally comfortable with technology and is typically quite adaptive.

 

Areas of Focus


Entitlement reform

Though there is much attention and discussion on Entitlement Reform, there continues to be a lack of action with respect to Social Security and other programs.   The "Kick the Can" approach is a backdoor way of having future generations pay in for benefits that will be drastically cut by the time they need it.  A true compromise will be one in which both sides are not happy - as such the commonsense solution is a combination of adjusting entitlements alongside increasing revenues so that these programs, which are too popular to dissolve, are sustainable for future generations.


education

With our system of higher education focused on the university system, combined with how school is financed has produced graduates with massive debts (1.4 Trillion and counting), employers complaining of a skills gap and school administrators incentivized to be inefficient with resources.  It will likely require multiple avenues to address as trying to apply market mechanisms alone could be devastating; but aspects like being able to consolidate and refinance or discharge student loans in bankruptcy, having banks that underwrite student loans be required to hold a certain portion of the debts on their own balance sheet, adjusting funding calculations to focus on student outcomes, etc., should all be part of the conversation.


Tax reform

Politicians talk of Tax Reform but do little.  Our tax code is out of touch with our economy and society.  On Corporate taxes we should eliminate loopholes and special deductions, simplify it, and lower the rate to be in line with other nations.  As for individual taxes, we should move away from the regressive system that pummels the middle class.  It should be replaced with a system that is based on accumulated wealth rather than on transactions, incentivizing efficient economic and investment behavior.  Capital in motion is good for the economy, creating jobs and wealth; no more "tail wagging the dog" or "crabs in a bucket" like we have now.


 ENVIRONMENT

We only get one world, and not enough is being done to address climate change.  We support efforts to encourage our politicians to work with the rest of the global community to address climate change.  Market forces alone will not solve this problem, especially if the consumer can't determine which products and services make a difference.


jobs & the economy

Protectionist policies are short sighted in our global economy.  Small business regulations limit access to health and other benefits.  Workplace benefits should be BYOB where the employee is the custodian, and the employer makes contributions to them and both sides get pre tax treatment.  Providers should be able to compete nationally creating economies of scale and cost reduction.  Our workforce would be more mobile and maximize value faster.  Small Businesses would be better positioned to compete for higher quality human capital and would also benefit from the reduction in the cost of compliance.


Election reform

Greater participation in the political system will lead to better governance.  Political parties down to the local level should adjust to make it easier to participate without having to be physically present in real time.  Technology is at a state where we can validate and authenticate one's identity and credentials with our phones, we already transact and engage contracts electronically, so why can't we help shape party platforms, resolutions, priorities and candidate endorsements electronically?  We also support efforts for state's to assign their electoral college votes based on the result of the national popular vote.  This would require presidential candidates to receive a popular mandate and create a national narrative while still preserving the function and representative purpose of the electoral college. 

 

 
 
We must all obey the great law of change. It is the most powerful law of nature.
— Edmund Burke