OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While?

[luchabee]

Cap and trade proposals are being examined and voted on in Congress right now. The Congressional Budget Office states that this would amount to a $175 tax on each American household (starting in 2020).

However, this is independent of the immediate damage it will do to American businesses. Of course, we’ll need to pay for another regulatory department in the EPA to enforce this tremendously large set of regulations.

Great timing with a near depression at our door steps, don’t you think? I guess more hope and change for the American taxpayer . . .

http://www.pennenergy.com/index/articles/display/3255505253/s-articles/s-oil-gas-journal/s-general-interest/s-government/s-articles/s-cbo-puts_average_cap-and-trade.html

[luchabee]

Or perhaps more taxes passed on to the American household:

From the Washington Post:

The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a year. Some expert studies estimate that the cost to households could be substantially higher. The future cost to the typical household would rise significantly as the government reduces the total allowable amount of CO2.

Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable. The U.S. should wait until there is a global agreement on CO2 that includes China and India before committing to costly reductions in the United States.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html

[luchabee]

Or perhaps more taxes passed on to the American household:

From the Washington Post:

The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a year. Some expert studies estimate that the cost to households could be substantially higher. The future cost to the typical household would rise significantly as the government reduces the total allowable amount of CO2.

Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable. The U.S. should wait until there is a global agreement on CO2 that includes China and India before committing to costly reductions in the United States.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html

[luchabee]

Or perhaps more taxes passed on to the American household:

From the Washington Post:

The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a year. Some expert studies estimate that the cost to households could be substantially higher. The future cost to the typical household would rise significantly as the government reduces the total allowable amount of CO2.

Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable. The U.S. should wait until there is a global agreement on CO2 that includes China and India before committing to costly reductions in the United States.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html

[luchabee]

Or perhaps more taxes passed on to the American household:

From the Washington Post:

The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a year. Some expert studies estimate that the cost to households could be substantially higher. The future cost to the typical household would rise significantly as the government reduces the total allowable amount of CO2.

Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable. The U.S. should wait until there is a global agreement on CO2 that includes China and India before committing to costly reductions in the United States.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html

[luchabee]

Or perhaps more taxes passed on to the American household:

From the Washington Post:

The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a year. Some expert studies estimate that the cost to households could be substantially higher. The future cost to the typical household would rise significantly as the government reduces the total allowable amount of CO2.

Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable. The U.S. should wait until there is a global agreement on CO2 that includes China and India before committing to costly reductions in the United States.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html

[Allan from Fallbrook]

Luchabee: You’re failing to harness that “Can Do!”
American entrepreneurial spirit and turn this into the opportunity to start your own business.

Follow the Al Gore model: Buy a massive 20,000sf mansion and create a huge carbon footprint powering it and air conditioning it. Then, start your own carbon credits company and buy carbon credits from yourself. Use those same carbon credits to not only spin the notion that you’re carbon neutral, but gain even more business by selling that idea to other smug, ego centric, self righteous know nothings!

C’mon, man, you gotta think outside the box! It’s the NEW, New Economy, stupid! Harebrained schemes, confiscatory taxes and printing money till we’re pushing wheelbarrows filled with the stuff to go buy bread (little nod to the Weimar Republic there).

[Allan from Fallbrook]

Luchabee: You’re failing to harness that “Can Do!”
American entrepreneurial spirit and turn this into the opportunity to start your own business.

Follow the Al Gore model: Buy a massive 20,000sf mansion and create a huge carbon footprint powering it and air conditioning it. Then, start your own carbon credits company and buy carbon credits from yourself. Use those same carbon credits to not only spin the notion that you’re carbon neutral, but gain even more business by selling that idea to other smug, ego centric, self righteous know nothings!

C’mon, man, you gotta think outside the box! It’s the NEW, New Economy, stupid! Harebrained schemes, confiscatory taxes and printing money till we’re pushing wheelbarrows filled with the stuff to go buy bread (little nod to the Weimar Republic there).

[Allan from Fallbrook]

Luchabee: You’re failing to harness that “Can Do!”
American entrepreneurial spirit and turn this into the opportunity to start your own business.

Follow the Al Gore model: Buy a massive 20,000sf mansion and create a huge carbon footprint powering it and air conditioning it. Then, start your own carbon credits company and buy carbon credits from yourself. Use those same carbon credits to not only spin the notion that you’re carbon neutral, but gain even more business by selling that idea to other smug, ego centric, self righteous know nothings!

C’mon, man, you gotta think outside the box! It’s the NEW, New Economy, stupid! Harebrained schemes, confiscatory taxes and printing money till we’re pushing wheelbarrows filled with the stuff to go buy bread (little nod to the Weimar Republic there).

[Allan from Fallbrook]

Luchabee: You’re failing to harness that “Can Do!”
American entrepreneurial spirit and turn this into the opportunity to start your own business.

Follow the Al Gore model: Buy a massive 20,000sf mansion and create a huge carbon footprint powering it and air conditioning it. Then, start your own carbon credits company and buy carbon credits from yourself. Use those same carbon credits to not only spin the notion that you’re carbon neutral, but gain even more business by selling that idea to other smug, ego centric, self righteous know nothings!

C’mon, man, you gotta think outside the box! It’s the NEW, New Economy, stupid! Harebrained schemes, confiscatory taxes and printing money till we’re pushing wheelbarrows filled with the stuff to go buy bread (little nod to the Weimar Republic there).

[Allan from Fallbrook]

Luchabee: You’re failing to harness that “Can Do!”
American entrepreneurial spirit and turn this into the opportunity to start your own business.

Follow the Al Gore model: Buy a massive 20,000sf mansion and create a huge carbon footprint powering it and air conditioning it. Then, start your own carbon credits company and buy carbon credits from yourself. Use those same carbon credits to not only spin the notion that you’re carbon neutral, but gain even more business by selling that idea to other smug, ego centric, self righteous know nothings!

C’mon, man, you gotta think outside the box! It’s the NEW, New Economy, stupid! Harebrained schemes, confiscatory taxes and printing money till we’re pushing wheelbarrows filled with the stuff to go buy bread (little nod to the Weimar Republic there).

[Veritas]

Something has to give. The insanity is unsustainable. Allan, where would you live if you did not live in Fallbrook?

[Veritas]

Something has to give. The insanity is unsustainable. Allan, where would you live if you did not live in Fallbrook?

[Veritas]

Something has to give. The insanity is unsustainable. Allan, where would you live if you did not live in Fallbrook?

[Veritas]

Something has to give. The insanity is unsustainable. Allan, where would you live if you did not live in Fallbrook?

[Author]

Posts