Cap and Trade is absurd...."hey, let's tax ourselves just for the heck of it because the climate is warming, no it's cooling, no it's warming, What do you think?"
For the folks that don't understand what cap and trade means...we will be capping the amount of CO2 (yes the air we breath out,) that certain energy companies put out (the "bad"ones like coal) and they will have to pay another company (the "good" ones) for any amount over the cap that is emitted..."trade".
Here's a better summary of what's before Congress this week.
Remember folks: Global warming is a theory. It is not a proven fact that CO2 is warming the atmosphere nor is it fact that any warming that is occurring will lead to catastrophic weather events. It is theory. I've asked this question many times, haven't had an answer yet: When have we ever made public policy so detrimental to our economy based on a scientific theory?
This is the only thing that gives me hope that the absurdity that is Cap and Trade be made law is that liberal benefactor and early Obama supporter Warren Buffet thinks it's a terrible idea.
He's right, it is a regressive tax. The energy companies will push the cost down to the consumer, because this is what they do today with government-imposed taxes and fees. But we know what the game plan is here-- right? Lower income folks will have a problem paying the higher energy bills so they will be further supplemented with energy assistance programs (we already have these today,) which will be paid for by the rest of us. This is just another tool of the left to redistribute wealth in this country.
Of course the farmers have their exemption in place thanks to MN Congressman Collin Peterson (D). Of course other special interests will have their say in the final legislation and will lobby to change any provisions down the road. The only people who are going to pay at the end of the day are us-- the ever-more-endangered-secies that is the U.S. Taxpayer.
Our life expectancy in 1900 was 47 years old, today it is 78. We have an extremely high quality of life in this country, but that's not good enough for the lefties who bemoan our health system and warn that we're all going to perish from global warming.
More taxes on producing energy that fuels the United States economy. Proactively punishing progress. Ah, more irony.