Cap and Trade disaster coming Friday, expect gas prices to go up
June 25, 1:04 PM
Friday June 26th the house will vote on an
energy bill that will include cap and trade. Cap and trade means there will be a limit on companies and most likely, eventually people on producing so called green house gas, carbon dioxide to be specific (the stuff we breath out.) Companies will be limited to how much emission of carbon dioxide they are allowed but will be able to buy and trade carbon credits to produce as much as they want.
Not only is carbon dioxide (what plants take in) not a pollutant but this is not so much an attempt to stop pollutants but to create a massive tax. The non-partisan CBO says it will cost about 22 billion dollars a year but other estimates put it at $80 billion dollars a year. There is no real cost of a carbon credit but any price would artificially set by the government. This money would be paid to the government and no matter how they say they will use it they will spend it on whatever they feel like, in other words this is a tax. Obama said no taxes on ninety fiver percent of the people because he knew he wouldnt have to out and out tax you as an individual but to tax everybody all at once. It will be said that the companies (the so called polluters) will pay the price. But when your local energy company incurs cost, they pass that cost onto the consumer (you), its how any company does business. Some articles will say the average family will only pay less than $200 a year, but they know that is not realistic. Just like Joe Biden said we were all wrong about he stimulus working. They will all be wrong on how much cap and trade costs. This will probably raise gas prices overnight and make gas permanently cost over three if not four dollars a gallon. When winter time comes expect to pay at least 50% more to heat your house.
This system will also invite rampant corruption, because carbon output cant really be measured. So those who charge for it will say that a lot more is being put out than really is and those who have to pay will say they are putting out far less. With this kind of system, corruption is just being invited to get a chance to exploit these giant holes in the system.
Worst of all, this will set a precedent. If carbon dioxide becomes set by the government as a pollutant, it can only be a matter of time before they charge you some kind of tax based on your breathing output, after all we all exhale carbon dioxide. Will it be far behind that, that people will claim abortions are best to help rid the environment from extra carbon polluters? At the very least you should eventually expect another line on your federal taxes for personal carbon credit, in other words a living tax. In this case, there will no longer be any ability not to file taxes because we will all owe.
Obama and others will call this an energy bill to help the environment. They say it will help stop dependence on foreign oil. But how will it do that? They only way it can and the only way the expect it to, is to raise the price of gas so we wont be able to afford as much foreign oil. When gas prices hit there all time high, Obama didnt express displeasure at the price of gas, just how quickly it got there.
If you have any concern at all about whether you will be able to afford your bills after this law passes, you should contact your members of congress.
