Higher taxes on people that make less than 250K huh? Cute, trying to turn the 250K number from the campaign against the democrates now? I am not a democrate, but what I do know is that we are already paying for the pollution, through the theory of negative externalities. Also, it is very likely that it will be FAR more expensive to repair the damage to the environment than to limit the initial damage. As far as high taxes, as discussed above, we are already paying for it... pollution causes higher levels of deaths, more illness and the necessity to spend money to undo the damage already done, so at best the difference in cost will be negligible. On a brighter note, what about the theory of personal responsibility? A long time ago it was something the republicans believed in
Ask yourselves this question. How much of our wealth going to carbon based energy resourses and how much of that being spent stays in the country? If this bill promotes limiting the use of carbon based energy and promotes renewable clean energy produced in America how is that bad? I rather have money staying here supporting jobs then giving my money to overseas organizations like OPEC.
I haven't read up on the latest Cap and Trade regulation but this type of program has worked pretty well in greatly reducing acid rain and that didn't cripple our economy. I have no doubt there are going to be some signifigant short term costs once Cap and Trade on greenhouse gases is implemented but eventually as more effience technology is developed that will likely bring down costs. That said I don't think the current legislation is going to pass the Senate.
another (facist?) gem snuck in: * a*last-minute add-on to the energy bill allows for governmental inspectors to analyze energy efficiencies of your home. If your home doesn't meet governmental efficiency standards, then you will not be allowed to sell your house until you pay to update the efficiencies. * * and more details on costs: http://www.heritage.org/Research/EnergyandEnvironment/wm2503.cfm The bill's cap and trade provisions effectively levy an artificial tax on every company in America, in particular electricity, natural gas, gasoline,oil producers, refiners, and distributors in addition to the nuts and bolts general industry companies (from Johnson and Johnson to DuPont) that power our country and drive our economy. The scale of this taxation is without parallel. While the CBO's estimates are limited to the 2020 (long before the bulk of the provisions take effect), the Heritage Foundation's study of the Waxman-Markey*Cap and Trade plan would cost the economy annualy*$161 billion in 2020 or $1,870 for a family of four. As the*bill's restrictions take effect, the annual cost per family of four sky-rockets to*$6,800*by 2035. Everything from your utility bill for basic heating and cooling to the gallon of gasoline to the the cost to send something via fedex will be significantly impacted. The average middle class individual will bear this burden the heaviest. This is not a progressive tax; this is a flat tax levied on all energy consumption and production regardless of income. Worst yet is it is being proposed when our economy has suffered the worst crisis since WWII, caused in large part by a speculative derivative market of credit default swaps. Oh, speaking of volatile, exploitative*derivative markets, guess what the ACES Act will create? Yet another derivatives market ripe for abuse and corruption.
A report from the Heritage Foundation lol nice one. The Heritage Foundation is one shady and I mean shady organization which is funding by other shady foundations which of course are funding by big multinational corporations.
All I can say is that I'm so pleased with myself -- my new green home is virtually self-sufficient -- with luck I'll be selling electricity to the co-op. However, I really feel (not kidding) for those of you who buy electricity. I still will get skinned on gasoline, but I soon will trade in my land barge for a 40 mpg mosquito -- just waiting for the $4,500 "clunker" law.
Healthcare is garnering more attention and there isn't even a bill out there yet. I understand how making laws in this country work. I would expect to see some headline on this topic, but there isn't. Somehow Obama's reported choice of church, and now the Whitehouse's denial are front page worthy, but this isn't.
You are totally misguided. This bill focuses on coal which the vast majority our our usage comes from domestic resources. This bill has NOTHING to do with decreasing our reliance on foreign oil. And it has nothing to do with green jobs -- how are we going to manufacture solar panels and wind turbines, when we've just jacked up the cost to manufacture things in the US with this carbon tax? It's senseless. Our main oil trading partners are Mexico and Canada, rendering your other argument wrong. Furthermore, CO2 is not a pollutant. It's a greenhouse gas -- 2% of all greenhouse gases, in fact -- not nearly enough to matter. Third, how does this hurt America -- our economic engine over the past 100 years has been access to low cost forms of energy. Taking away coal is devastating to this equation. You lack facts in this argument -- similar to most libs on the issue.
Yeah, past history has not indicated any type of manipulations in derivatives markets. I'm sure no one will try to take advantage... Not talking about anyone in particular, but it seems like liberals will follow anything on Obama's agenda, even if it rushed or ill-timed just like conservatives did for W (IE Iraq) As a moderate who cares nothing about political parties, it is somewhat concerning that most don't seem to care about details or effects...
do you realize how many types are derivatives there are. CDS was doomed from the start. But its just one type derivative. So do you think we should stop trading all derivatives because of the failure of one particular type?
how did I put words in your mouth, your article linked cap and trade derivatives to cds. that's completely random. one has nothing to do with the other, and you defended the statement. now if that's not what you meant to do, how do you think the process will become corrupt. the power industry is already trading renewable energy credits with no problems
Too lazy to attack everything else, but this is particularly juicy. Do you expect people to take your arguments seriously if you just make absurd numbers up? You have valid points once in a while, but it's stuck with crap like this most of the time.
