The cost of Cap and Trade

Discussion in 'Congress' started by alan1, Jun 28, 2009.

  1. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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  2. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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  3. immto
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    immto Return to Freedom

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    Even if we use the ultra low estimate of "a postage stamp a day or $170 a year", That amounts to $7000 per household by the year 2050. Many sources have confirmed that if the Act works it will reduce the climate by a few tenths of a degree by that same year. Does 7 Grand sound like a good deal for a few tenths of a Degree?

    If the Heritage Foundations estimates are correct it could double the average homes electricity bill and increase gas bills by over 50%. That would be allot more than $7000 by 2050. These figures don't say anything about the job situation. The Obama administration would have us believe that Green Jobs are going to save us. What about the jobs we will lose when big Manufactures move out to avoid this new huge cap and trade expense?
     
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  4. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    The real cost is another governmental grab of control and power over the people.
    But, don't worry, the added bonus is more taxes that adversely affect those that can least afford it, the poor.
     
  5. WillowTree
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    WillowTree Diamond Member

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    I keep telling you people that the obamalama ding dong is going to subsidize the poor aka parasites with the earnings of the middle class aka supporters of the parasitic sector! :lol:
     
  6. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    If you read the articles, you will see that the wealthy are hurt less by it.
    On the flip side, the poor will become more dependent upon government. Thus creating more need for governmental control.
     
  7. Maple
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    Maple Senior Member

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    Austraili threw their cap and trade to the curb, Spain tried it and failed, they have an unemployment rate of 18 1/2 %, it does not sound like a good idea because it simply will not work. China and India are not going to do this. .More and more scientists are stating that there is no proof to this global warming theory.

    We as humans release CO2 simply by exhaling, maybe we could get congress and this administration to hold their breaths, we would all be much better off as a country if they did. :lol:
     
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  8. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Don't give them any ideas. Do you want to be taxed for exhaling?
     
  9. Vel
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    Vel Gold Member

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    This is the press release/news article put out by our 6th district representative. We're in a region powered by TVA coal plants so I know there is NO way Bart Gordon can believe the crap that spewed out of his mouth on this. We will watch the "9000 new jobs" he mentions sprout wings and fly off south to Mexico if this legislation passes.

    *****************************

    Gordon applauds House passage of energy bill
    WASHINGTON — Congressman Bart Gordon applauded the U.S. House’s passage of an energy bill that he believes will create jobs in new industries and put the United States on a clear path toward energy independence.
    “I have given this legislation a lot of thought, and I am convinced it will not only benefit working families in Middle Tennessee, but is essential to our region’s economic future,” Gordon, D-Murfreesboro, said in a news release. “Jobs have been leaving our country and most of them aren’t coming back. This bill will create new industries in the energy sector for blue-collar workers. These new industries will have a ripple effect, creating new additional businesses that will supply parts and create even more jobs.”
    “Nissan’s Smyrna plant and the new solar-technology plants in Clarksville and Cleveland, Tenn., are examples of the new energy industries this bill will bring about,” said Gordon. “Each plant will create thousands of new direct and indirect jobs. Nissan is a great example. Its new electric car plant will employee 1,300 people, but supply companies — the primary metal, electrical equipment, and plastics companies — will open up shop in the surrounding communities, and they are estimated to create more than 9,000 additional jobs.”




    Gordon applauds House passage of energy bill | www.dnj.com | The Daily News Journal
     
  10. Navy1960
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    Navy1960 Senior Member

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    It never ceases to amaze me that when people hear nonsense lfrom one line in a CBO report they don't bother to say to themselves " I wonder what else is in the report" So here's some food for thought...

    The carbon cap would limit production of carbon-based fossil fuels and would cause the price of those fuels to rise--with price increases reflecting each fuel's allowance requirements and, hence, its carbon content.(6) Those price increases would raise firms' and households' costs, encouraging them to decrease their consumption of fossil fuels and energy-intensive goods and services. (For example, households might drive less, and utilities might replace coal with lower-carbon-emitting fuels, such as natural gas or renewable sources of energy.) As a result, households and businesses throughout the economy would have an incentive to reduce all forms of carbon consumption and thus carbon emissions. Higher prices would not only encourage the use of existing technologies but would also provide an incentive for innovations to improve energy efficiency. (Similar economic incentives would result from a tax on the carbon content of fossil fuels.)

    In contrast, a sector-specific (or otherwise limited) downstream trading program would confine incentives for cutting carbon emissions to one sector, although potentially lower-cost reductions could have been obtained from sources outside that sector. For example, a downstream system that was limited to electricity generators would not encourage emission reductions in the transportation sector, which accounts for roughly one-third of carbon emissions. Furthermore, as noted earlier, the cost of implementing a comprehensive downstream trading program could be prohibitive.
    An Evaluation of Cap-and-Trade Programs for Reducing U.S. Carbon Emissions

    Never heard those lines when they were quoting the CBO report did you! Let me see here, as long as it's not a direct tax, and prices go up anyway that doesn't count is the current method of thinking!
     
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