The climate youth movement is protesting outside the COP26 conference because of political inaction on climate change. This is a generation that Biden wants to inspire with his climate plan to be future Democrat voters. With the youth supporting him, will his odds of winning the 2024 presidential election be boosted?
Thunberg Asks For Action
Greta Thunberg has asked “for less blah, blah, blah” and more action. However, President Biden’s climate plan is being endlessly debated by both Republicans and Democrats in the Senate. If President Biden uses strong leadership and his executive powers to implement elements of the project, it would demonstrate to the young climate protesters that he is serious about climate action.
This action could have a positive effect on the odds for Biden’s re-election at online sportsbooks.
The Climate Plan: A Jobs Boost
The $555 billion climate plan is part of the $1.75 trillion Build Back Better Framework. The Framework is a financial support system to help rebuild the backbone of America after the pandemic difficulties and will create more than 10 million jobs in green energy technologies.
Biden wants to spend $10 billion on harnessing the energy and drive of young activists and create a new Civilian Climate Corps. This will employ 300,000 young Americans, whose role will be mitigating the impact of climate change. They will embark on reinforcing the county’s natural defenses, maintaining public lands, restoring forests to protect biodiversity, and restoring wetlands to improve water quality. The organization would give the next generation a chance to be directly involved in climate-focused programs and the satisfaction that they are helping their cause. It might be that Biden also feels that helping them will support his Democratic cause come the 2024 election.
The Climate Plan: American Households
The plan proposes financial help for households, including tax credits to purchase electric vehicles, clean energy grants, and loans, plus environmental investment in farming communities. As well as halting America’s dependence on fossil fuels, these measures will save American families hundreds of dollars per year in energy costs.
Tax Rises: A Vote Winner
While billionaires spend their money on space technology, many believe it would be better to redistribute the money into saving the planet. To ensure that the Build Back Better Framework is fully funded, Biden intends to make sure profitable corporations and billionaires pay more. For Americans earning less than $400,000 per year, Biden has promised they will not pay more in taxes. The average American federal tax burden is about 14%. In contrast, the wealthiest 400 billionaire families in America pay an average tax rate of just 8.2% on their income. President Biden believes the economy has been focused on those at the top while working families get squeezed. With a shift in taxes, the Democrats might become very votable.
The Future Voters
Many young people watching the climate youth movement protests around the COP26 will be inspired to follow or become involved in climate action. A majority of Americans express concern for the climate, but the young are more open to introducing policies that reduce the effects of climate change. In 2024 over 30 million young adults will be voting for the first time. Many will be experiencing the effects of climate change in worsening storms, wildfires, and heat extremes. If Biden’s climate plan is successful, it may encourage these young adults to vote for a Democrat presidential candidate for the first time.
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Philip Carlson is a gambling industry analyst based in NYC. He covers political global political betting markets and sports-betting for Vegas-odds.com
