Global Warming Tax Grab

As we stupid Americans sit watching "Dancing With the Stars" and "American Idol," the Senate was debating a bill to grab your money all in the guise of global warming. The bill is called "Cap and Trade." Instead, they should've called it "Tax and Spend." Sponsored by Joe Lieberman (DEMOCRAT turned Independent) and John Warner (LIBERAL Republican), the bill would put a cap on carbon emissions that gets lowered every year. What they are planning on doing, is setting a limit on total carbon emissions and then selling rights to the emissions to industry. Yes, let's make those greedy corporations pay up for using up the Earth!!

As I will say over and over until I turn into fertilizer, CORPORATIONS DO NOT PAY TAXES. What this will do is make, let's say an automobile manufacturer, have to bid on the rights to make carbon emissions in the process of making cars. They'll be competing with other industries for the right (and there are only so many out there...so bid well!) to emissions. Let's say for example that the bidding gets up to $1 Billion for the carbon necessary to make one million cars. Now for simple math...$1,000 per car is what that comes to. Will Mr. Greedy Corporation just pay it out of his checkbook? No. He'll add it to the price of the car.

So, now they've grabbed $1,000 of YOUR money and sent it to the government. What is the nice little U.S. Government going to do with all that money now? Senator Barbara Boxer (DEMOCRAT) expects to take in at least $3.32 TRILLION of YOUR money by 2050. Now Congress gets to fight over where the money will go. In a conference call with reporters last Thursday, Massachusetts Senator John Kerry explained that he was disturbed by the effects of global warming on "crustaceans" and so would be pursuing changes to ensure that New England lobsters benefit from some of the loot. In the Boxer plan, revenues are allocated down to the last dime over the next half-century. Thus $802 billion would go for "relief" for "low-income taxpayers" (this means cough, cough...redistribution of wealth, commonly called SOCIALISM) to offset the higher cost of lighting homes or driving cars. What about the middle class worker who's stuck paying the higher bills?

There's also $190 billion to fund training for "green-collar jobs," which are supposed to replace the jobs that will be lost in carbon-emitting industries. Hmmmm...I wonder if any of the greedy corporations creating these "green collar jobs" will be donating to her and other supporters campaigns? Nahhh. Another $288 billion would go to "wildlife adaptation" and another $237 billion to the states for the same goal. $342 billion would be spent on international aid, $171 billion for mass transit, and untold billions for alternative energy and research. Ms. Boxer would only auction about half of the carbon allowances; the rest will be handed out to, guess who? The "greedy corporations" who donate the most to their campaigns. These groups might be Indian tribes (big campaign donors!), or states rewarded for "taking the lead" on emissions reductions like Ms. Boxer's own state of California. Those lucky winners would be able to SELL those allowances for cash! Wow...what a scam! Maybe I should borrow about a million dollars, donate it to Boxer's campaign, and get some emission credits that I could sell for TWO million dollars! Would that ever happen? Nahhhh.

Boxer estimates that the value of the handouts total $3.42 trillion. For those keeping track, that's more than $6.7 trillion in revenue handouts so far. The bill also tries to buy off businesses that might otherwise try to defeat the legislation. Thus carbon-heavy manufacturers like steel and cement will get $213 billion "to help them adjust," while fossil-fuel utilities will get $307 billion in "transition assistance." No less than $34 billion is headed to oil refiners. And, remember how they got all of this money. They didn't just print it. They got it from you and me. Our money, taken by the government, and given to their buddies. Aint that grand?

The Environmental Protection Agency estimates that the bill would reduce Gross Domestic Product between $1 trillion and $2.8 trillion by 2050. Like the country needs that right now in the economic condition it's currently in. The best part? Both McCain and Obama said they would vote for it. For this reason, I'm voting for Bob Barr!

I'm telling you folks. If we don't get smart and recognize the global warming hype as a worldwide political machine, we're going to pay and pay and pay. EDUCATE YOURSELF.

Here's a web site that you may want to review http://scienceandpublicpolicy.org/monckton/cost_and_futility_of_trading_hot_air.html As always, even if you agree with what ANYONE says. Crosscheck their sources. Good luck America.