Posted on 03/08/2009 8:01:33 PM PDT by Shellybenoit
One of Europe's solution to the perceived global warming threat is trying to regulate carbon emissions through Carbon Credits The way it works is the government sets a or cap on the total amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of credits. Companies that need to increase their emission allowance must buy credits from those who pollute less. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions by more than was needed. Thus, in theory, those that can easily reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest possible cost to society.
President Obama wants to bring Cap and Trade to the United States. The Democratic Party dominated Congressional Budget Office took a look what Cap and Trade would do for this country, and they reported it hurt the poor and middle America:
(Excerpt) Read more at yidwithlid.blogspot.com ...
I was in Asia recently. While there, I read of a plan in Australia to assess homeowners/renters a tax each time the toilet is flushed. Brings up interesting visual pics of the future of your money, doesn’t it?
The poor in the US are NOT poor. They will know third world poverty before this is over.
Is this a Madof Ponzi Scheme ? Buy a Carbon Credit, you have nothing, Sell it, you are selling nothing.
It’s all in the Mind of a “Greenie”...selling Vaporware.
It’s a BILLION DOLLAR Ponzi Scheme, its not Real....unless it’s passed by Congress.
How the &%$#^& would you have a TEA PARTY on CAP and Trade ?
What would you throw overboard into the Ocean ? A Politician ?
Will they Tax Flatulance ?
It isn’t a tax on the poor if you rebate most of the cap & trade revenues to the lowest earners. It becomes a tax on the middle class and the wealthy, with those just above the rebate level hurt the most.
Way to go O! Drive those nasty polluters out of this country. People that own the businesses will be living high on the hog with their Chinese factories while the union people put out of work walk that picket line.
Cap and trade is little different than a federal excise tax on energy that will be paid by everybody rich and poor alike, but the poor can least afford it.
Al Gore through his UK-based Generation Investment Management is heavily invested in European carbon trade credits. The value of these units has shrunk with most other markets and the demand has fallen with diminished industrial output.
A cap-and-trade carbon scheme in the U.S. could be merged with the European system, creating demand for the EU credits by U.S. industry, rescuing the global carbon market and Al Gore. Gore recently talked the Church of England into investing $250 million in Generation Investment Management. This cash he no doubt needed desperately for smarter investors bailing out of his green Ponzi scheme. Gore was quoted 3-06-09 in a NYT piece as saying:
[. . .Gore said that passage of a tax on carbon “appears to be beyond our reach for the foreseeable future” and that he could accept a cap-and-trade program if it reduced emissions and provided relief for those most burdened by the costs. . .cap-and-trade. . .actually offers a better prospect for a global agreement, in part because it is difficult to imagine a harmonized global CO2 tax.”]
http://www.nytimes.com/2009/03/07/us/politics/07carbon.html?_r=1&ref=politics
Cap and Trade will be Obama’s cash cow for his socialist programs; it is not about globull warming.
yep, it gives them the excuse, opportunity to create ANOTHER govenment program; “energy stamps” for the “poor”...we get screwed AGAIN!
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