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?
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.