Thanks JRD...BTW...I don't think Greg CAN respond to your questions!
With Cap and Trade set to become law before the fall this is now going from the realm of "which theory is right?" to .... about a $3000 indirect tax on EVERY American family in the prices they will pay for their electricity and for products and services that use electricity. ALL to support a theory which is quite simply...WRONG.
Some people enjoy the science. Some people just listen to the nightly news and Al Gore. Once word gets out about how much Global Warming Theory is going to cost EVERY American....I expect that more people will become skeptics!
For those less than familiar with Cap and Trade...here's a short study:
What Obama's Cap-And-Trade Plan Will Cost You
March 03, 2009 08:07 AM ET |
James Pethokoukis |
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study from the George C. Marshall Institute tries to quantify the costs of a cap-and-trade plan to reduce carbon emissions. They're not small, to say the least: And although this study uses 2008 as a baseline, the Obama plan would hit in 2012 and could come in combo with a hike in investment and income taxes for wealthier Americans and the creation of a special healthcare tax:
The authors find that the constraints posed by the Lieberman-Warner cap-and-trade approach is equivalent to a constant (in percentage terms) consumption decrease of about 1% each year, continuing to 2050. Put another way, the cap-and-trade approach is the equivalent of a permanent tax increase for the average American household, which was estimated to be $1,100 in 2008, would rise to $1,437 by 2015, to $1,979 in 2030, and $2,979 in 2050. (Annually in todays dollars!)
Reviewing a host of recent studies, Buckley and Mityakov show that estimates of job losses attributable to cap-and-trade range in the hundreds of thousands. The price for energy paid by the American consumer also will rise. The studies reviewed showed electricity prices jumping 5-15% by 2015, natural gas prices up 12-50% by 2015, and gasoline prices up 9-145% by 2015. As an illustration, gasoline would suffer a 16 cent price increase per gallon at the low end of the estimates to a $2.58 penalty at the high end (using the January 2009 reported retail price of $1.78 per gallon)."
What Obama's Cap-And-Trade Plan Will Cost You - Capital Commerce (usnews.com)