The Foundry, the Heritage Foundation’s blog, has a stunning item on this global warming “cap and trade” malarkey being pushed on the American people.
You might recall that a couple of weeks ago, President Barack Obama announced his intent to see a “cap and trade” system imposed on the United States. Ostensibly this would be to reduce carbon emissions so we can fight the imaginary problem of man-made global warming.
It would also result in a massive tax increase on the American public as industry–including and primarily electricity producers–face gargantuan increases in operating costs…which will of course be passed along to the consumer (read: you and me).
While the case for anthropogenic global warming is pathetically weak in the first place, what could possibly justify such a radical assault on the average American consumer?
As The Foundry points to Kimberley Strassel’s Wall Street Journal piece:
“People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of Commerce (which has been cautious about embracing a climate plan). “The Obama budget did more to help us consolidate and coalesce the business community than anything we could have done. It’s opened eyes to the fact that this is about a social welfare transfer system, not about climate.”
While President Obama’s budget plans to raise $650 billion through this tax, only $150 billion is slated to be used for alternate energy production.
If saving the planet from the menace of coal power plants, etc., shouldn’t 100% of this revenue be going toward something that might theoretically solve that problem? But it isn’t.
What’s more, that $650 billion is a low-ball estimate of the loot his rape-and-pillage tax will bring in. Where will the rest–over the paltry $150 billion for alternate energy–go?
Well, take a look at Obama’s agenda: massive socialist programs. Wealth redistribution. Marxism on a scale never seen in this great nation.
I’ve been saying for years that this whole farce of AGW isn’t about climate. There’s too much evidence that any warming is a natural phenomenon and too little that humans have anything to do with it (if it’s also warming on Mars and Jupiter where there are no humans, go figure).
No, it’s about socialist meddlers who have total contempt for the private property rights of American citizens and want to disburse that property–both domestically and abroad–in ways that they in their elitist wisdom see fit.
Go to The Foundry to read more about this multi-trillion dollar (yes, I said “multi-trillion“) transfer of wealth.