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

[blahblahblah]

More unintended consequences of nutty liberal policies . . . Cap and trade will likely exacerbate global starvation:

Other than the “liberal” bit, you’re on the money. Don’t get fooled by the left/right business, that is a charade. Yes this idea is being pushed by “left” politicians but the idea has been around for a long, long time and the people behind it are neither left nor right but rather fascist. And the idea is to slow population growth worldwide but especially in the third world. Increasing food costs is one easy way to do this.

Again, don’t be fooled by your real concerns about the environment — yes we are screwing it up but these new laws and taxes will do nothing to stop that. They are simply designed to extract more wealth (and power) from the common man and funnel it straight to the top.

[afx114]

[quote=luchabee]I think I saw you shopping at
Whole Foods in La Jolla the other day.[/quote]

Heheh naw, that must have been Bill Murray you saw there. I’m more of a Trader Joe’s in Hillcrest kind of guy.

[afx114]

[quote=luchabee]I think I saw you shopping at
Whole Foods in La Jolla the other day.[/quote]

Heheh naw, that must have been Bill Murray you saw there. I’m more of a Trader Joe’s in Hillcrest kind of guy.

[afx114]

[quote=luchabee]I think I saw you shopping at
Whole Foods in La Jolla the other day.[/quote]

Heheh naw, that must have been Bill Murray you saw there. I’m more of a Trader Joe’s in Hillcrest kind of guy.

[afx114]

[quote=luchabee]I think I saw you shopping at
Whole Foods in La Jolla the other day.[/quote]

Heheh naw, that must have been Bill Murray you saw there. I’m more of a Trader Joe’s in Hillcrest kind of guy.

[afx114]

[quote=luchabee]I think I saw you shopping at
Whole Foods in La Jolla the other day.[/quote]

Heheh naw, that must have been Bill Murray you saw there. I’m more of a Trader Joe’s in Hillcrest kind of guy.

[Arraya]

Actually, Government Sachs is on the ground floor of cap and trade. They will make a fortune.

http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
Taibbi’s argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: “The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they’re the profit-making slice of that paradigm and (3) make sure the slice is — a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues.”

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi’s understanding of high finance is limited, accusing him of misreading Goldman Sachs’ actions.

[Arraya]

Actually, Government Sachs is on the ground floor of cap and trade. They will make a fortune.

http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
Taibbi’s argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: “The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they’re the profit-making slice of that paradigm and (3) make sure the slice is — a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues.”

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi’s understanding of high finance is limited, accusing him of misreading Goldman Sachs’ actions.

[Arraya]

Actually, Government Sachs is on the ground floor of cap and trade. They will make a fortune.

http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
Taibbi’s argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: “The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they’re the profit-making slice of that paradigm and (3) make sure the slice is — a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues.”

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi’s understanding of high finance is limited, accusing him of misreading Goldman Sachs’ actions.

[Arraya]

Actually, Government Sachs is on the ground floor of cap and trade. They will make a fortune.

http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
Taibbi’s argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: “The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they’re the profit-making slice of that paradigm and (3) make sure the slice is — a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues.”

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi’s understanding of high finance is limited, accusing him of misreading Goldman Sachs’ actions.

[Arraya]

Actually, Government Sachs is on the ground floor of cap and trade. They will make a fortune.

http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
Taibbi’s argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: “The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they’re the profit-making slice of that paradigm and (3) make sure the slice is — a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues.”

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi’s understanding of high finance is limited, accusing him of misreading Goldman Sachs’ actions.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

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