Today, Democrats may vote for the Waxman-Markey bill which is nothing more than a hidden tax on families and businesses. As the Wall Street Journal opines, it defies economic reality.
The skinny - you pay for carbon credits to offset any carbon usage above "approved levels".
Question you should be asking - where does all this money go?
Answer - to groups who profit off of the false premise that the planet is in peril.
G.E., who owns the NBC networks, is going to be a major beneficiary. Companies like Al Gore's Generation Investment Management (GIM), will also benefit.
Don't be fooled. First, the Earth is not in peril. Second, this is nothing more than another transfer of wealth from you to people who want to control every aspect of your life.
Take automobiles. First the government takes over major companies. Done.
Next, Congress passes legislation which imposes a tax (sorry, they call it a credit) which transfers money towards the "green" initiative. Almost done.
The final nail tilts the competitive balance away from oil companies and to "green" energy corporations by forcing more restrictive fuel standards, making it impossible for BIG Oil keep up.
Folks, you are witnessing the intended destruction of a major segment of the US economy, all because of the crisis created by environmentalist wackos.
As the WSJ article points out, this plan throws out proven economic theories.
Hmmm. Junk science created the fraud known as global warming; now junk economic theory has a solution for the planet?
June 26, 2009
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