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To: Hillarys nightmare
It's all about "cap and trade", which is about taxing something called energy usage of big business, which means big revenue to the federal government, and according to those who are in charge now; global warming is $ for real.

There is no such thing as a tax on business. All that happens is that the price of their product goes up to cover the tax or they go under.

When the price of the product goes up, the consumer pays. Take electricity for example. Production of electricity produces lots of CO2. Tax that CO2 and your utility bill will rise to cover it and them some more because profits are a percentage of revenue.

Now this is a very regressive tax. Power is maybe 2% of my annual budget. If it doubles, I tighten my belt somewhere else, conserve a little, and life goes on. Poor people, and especially the elderly pay a much higher percentage of their income to the power company, and when the price goes up they are really hurt. The tax has taken a nibble out of my lifestyle, but has hurt my grandfather a lot.

Thank you, Hussein Obama.

19 posted on 02/28/2009 10:21:14 PM PST by CurlyDave
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To: CurlyDave
"There is no such thing as a tax on business. All that happens is that the price of their product goes up to cover the tax, or they go under."

My point exactly, even it I didn't state it as well as you have.

As concerning the disproportionate burden of higher energy cost to the poor or the elderly living on "fixed" incomes: of course they feel the sting of those higher cost due to increases from these taxes. But most of them will only blame the electric company or the oil and gas companies for the price increase, and the Democrats will only be too happy to have them do so.

You and I both know that businesses pass on any cost increases inflicted on them (higher cost of any commodity used to produce or transport, ext.), but the average consumer doesn't! Most consumers have no idea why anything cost what it does, and could care less until the product in question increases in price, and then they get mad and blame the company or entity for being "greedy".

Basic business ignorance of the masses is exactly what the Democrats foster and exploit, thus perpetuating the vicious cycle of hatred for so called big business.

I would have hoped that the average American would have gotten wise to this by now, but after watching politics in this country for the last 35 years, it appears to me that they never will.

25 posted on 03/01/2009 1:55:49 PM PST by Hillarys nightmare (So Proud to be living in "Jesus Land" ! Don't you wish everyone did?)
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