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November 21, 2007
Its Taxing To Make A Buck
Yes it is very taxing to make a buck. Unless you use taxing to make a buck. Then it gets easier. From Bloomberg. Nov. 19 (Bloomberg) -- When Senate Environment Committee Chairwoman Barbara Boxer, Republican Senator John Warner, the nation's largest environmental groups and General Electric Co. join forces to push a U.S. cap on global-warming emissions, it should be an unbeatable team. Not in the 110th Congress.So let me see if I got this. Green energy is not profitable (enough) and so these wonderful companies want to in effect put a heavy tax on energy use in order to make their dreams of riches without effort come true. Not make things better, faster, cheaper. Nope, that is hard. Taxing the other guy out of business is easier. I looked at such questions before in Criminals And Moralists Working Together where I looked at how all this carbon trading stuff was in part related to Enron's business model and how it seems to have influenced science. The Brits are wise to this scam. Probably because they are already being taxed to help these industrial schemes along. New Energy and Fuel is looking at a similar Hillary inspired scheme for automobiles. H/T I Call BS Cross Posted at Power and Control posted by Simon on 11.21.07 at 01:29 AM |
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The most flagrant attempt of a corporation using its ownership of Big Media to push its business agenda has been GE using NBC to lobby the public for "Something" to be done about global warming. That Something will clearly involve corporate welfare sent GE's way in the form of emissions credits, as well as nuke plants (which I actually agree with), and other schemes to bulk up GE's bottom line at the expense of the American taxpayer.
Global warming "somethings" are already the biggest single pork item in the US in the form of ethanol subsidies.
Isn't it great to be a Congressperson? You get to feel good about yourself, get rich, and all of it with other people's money!