Saturday, May 19, 2007

Cap n' trade n' tax n' destitute

Moonbattery again with greatness. Here is a quote Moonbattery picked up from senator James Inhofe about the Global Warming hysterics and their Cap n' Trade schemes. He is talking about a report from the CBO, or Congressional Budget Office about effects of the dimwitted concept if implemented. Like most socialist utopian BS it leads to starvation.

Far from being good for the economy, as advocates say, CO2 allocation schemes will disproportionately burden the poor, raise taxes, increase government spending, raise gas prices, raise home energy costs and decrease wages. It is hard to imagine the CBO issuing a more devastating indictment of proposed C02 cap-and-trade schemes. The CBO report should be viewed as a stern warning to our elected leaders to avoid symbolic solutions to an alleged climate "crisis" that places the financial burden on America's poor and working class.
Today's report confirms what Europe, Canada and many other nations have come to realize about C02 cap-and-trade schemes: The entire carbon debate has been skewed toward the least effective and most economically damaging of the various approaches.
Today's CBO report is the most recent analysis to show the folly of schemes like the Kyoto Protocol. Kyoto, if implemented, would result in the largest tax increase in the history of the U.S., costing an estimated $300 billion a year — 10 times the cost of the Clinton-Gore tax increase of 1993. And even Kyoto proponents concede that it would have virtually no impact on the climate.

Reality sucks when you are a socialist

No comments: