Clem Kadiddlehopper - 07 February 2008 09:45 AM
Boxer-Sanders Bill S-309, supported by Clinton and Obama (and probably McCain) will cost us 366 BILLION ANNUALLY by 2015, or $4500 per family of four, every year, to “fix” the environment.
You didn’t read the MIT study did you?
It says that the revenue stream distributes $4500 TO every family of 4:
4.4 Potential Revenue from an Allowance Auction or a Greenhouse Gas tax
As noted previously, there are various ways to administer a policy designed to create price
incentives for reducing GHG emissions. In a cap-and-trade system the allowances can be given
away or they can be auctioned. Or the emissions penalty could be set directly by a CO2 tax. In
the case of the tax or allowance auction a stream of revenue is generated. The CO2-e price times
the number of tons of allowances distributed in any period gives the total value of the allowances
distributed, or alternatively the amount of auction or tax revenue that could have been collected.
Options for use of the revenue include lump-sum distribution to households, reducing labor or
capital taxes, or spending the funds for other purposes (e.g., R&D or low-income fuel
assistance). In Section 6.4 we explore the potential effects of revenue recycling. Here our interest is in the gross amount of potential revenue generated, or alternatively the size of the asset
transfer involved in a lump sum distribution.
As can be seen from Table 6 the potential revenue streams are substantial, ranging in just the
first period of the policy from $130 billion in the 287 bmt case to $366 billion in the 167 bmt
case.
http://web.mit.edu/globalchange/www/MITJPSPGC_Rpt146.pdf
Not to mention the fact that the air is easier to breathe because of the additional reduction of air pollution.
Then let’s consider what the White House is already doing to squander hundreds of billions of our hard-earned tax-payer dollars.
The Iraq war has cost us over $1 trillion, and what did we get out of it?
A bunch more terrorists? Check!
A failed Middle East foreign policy? Check!
The loss of over 3000 brave US soldiers? Check!
The loss of US ethical standing in the world? Check!
The loss of pallets of weapons, cash and high explosives in Iraq? Check!
The reputation as an invader, occupier and torturer? Check!
Seems to me that if we had spent $1 trillion on capturing bin Laden, the financier of the Sept 11 attacks, all those other wannabes wouldn’t be so emboldened.
I’d say people like you should never be allowed near the public purse again.