Cap (your income) and trade (your assets) March 8, 2009
Posted by wonderingin in Energy, Environment, Politics, Regulation, The Economy.trackback
President Obama’s cap and trade proposal for reducing greenhouse gases is a tax pure and simple. Anything that generates $500 – $600 billion for the government to spend on other things by definition has to be a tax.
Cap and trade really means: “I am going to cap your income and force you to trade down your standard of living because I need that money for other things.”
Never mind that:
- the underlying climate science is still subject to debate,
- Obama proposes to launch an untested scheme of dubious merit on a large scale without prototyping or testing, or that
- creating a giant new revenue source for politicians is begging for irresponsible behavior of the worst sort.
Business leaders are finally beginning to wake up to the danger.
Where are the rest of you?!!
[...] President Obama’s cap and trade proposal for reducing greenhouse gases is a tax pure and simple. Possibly related posts: (automatically generated)Obama raise taxes**McCain will not raise taxesMike [...]
Yep! The American people will see prices skyrocket when Obama raises the taxes on companies! We all know that companies will pass their expensives on down to the middle class workers and yes the poor has to pay the same prices so they will be hurt also!