A Wall Street Journal article lends support to this claim, although most people should be well aware of the coming increases by now. The article, Carbon Trading To Raise Consumer Prices says; “The cost of energy for consumers would be driven higher in President Barack Obama’s proposed budget by a carbon cap-and-trade system that is projected to raise about $80 billion a year starting in 2012.” That sounds like a lot of money, and it is, especially considering that the price will actually be paid by those who can least afford the increases.
Lower income people pay the same rates as those who are better off, so the disparity between the two groups is readily apparent when you look at these costs as percentage of income. Obama claims that he wants to reduce this disparity in income, and intends to accomplish this task by imposing a greater tax burden upon the wealthy, those making over 250 thousand dollars a year, and cutting the taxes upon the poor.
Apparently, Mr. Obama has never read the tax codes. If he had, he would realize that this wouldn’t work, simply because those who really are poor pay no taxes. How can you cut a tax that is not being paid? You can’t, of course, but have no fear. The Great B.O. has a plan. In true Marxist fashion he will tax the increased taxes from the wealthy, and give them t the poor in the form of tax credits.
The article, by Stephen Power, goes on to say; “Mr. Obama’s aides say his plan would provide a refundable tax credit of up to $400 for working individuals and $800 for working families. The credits would phase out between $150,000 and $200,000 for a married couple, and between $75,000 and $100,000 for an individual.” A classic tool for the implementation of distribution of wealth. The question is how much of these fees are actually gong to reach a level where they will do the most good for society as a whole?
Obama’s goals are little more than pipe dreams, with slim to no chance of success. One of the precepts is that the carbon credits are projected to garner approximately 20 dollars per share by 2012, when this plan is expected to become implemented. That’ll be quite a trick as the market for trading in carbon futures is currently on the decline, and has slumped by at least 30% or more over last year. The trend is expected to continue.
This is a clear sign that the current administration will need to rely upon reverence of the masses towards Gaia and the trappings that go along with this misplaced allegiance. We can expect an increase in the cries of the global warming alarmists towards a greater urgency for these taxes to be imposed as a way of reducing CO2 emissions. It won’t work though. We get well over eighty percent of our energy needs from carbon based fuels. And we will continue to do so for at least the next several decades.
What will really happen is that everyone’s taxes will be increased, but in such a way as to hide the fact that your taxes have been increased. The government does this on a regular basis, and nobody complains because they haven’t increased taxes, merely the fees charged for various services. Services that are supposed to be paid for by your tax dollars. Watch this video;
And along with those services and the accompanying dollars attached to this stimulus, and presumably much of the impending economic legislation, come a whole new set of strings tied to this money. Little clauses and demands that allow the federal government more power than they are supposed to be wielding. Morons like Baldacci and the rest of the socialist ilk in Maine don’t care about the strings, however. It has become their dream come true.
A big, uncontrollable central government which will make all of the decisions, and provide for the well being of the populace. We already see the future being molded today by the regionalization of the state’s school district, and the increased control over the state level educational bureaucracy. The county jails have been taken over by the state prison system. What will come next?
It is one thing to be able to provide for those in need, and we should provide for those who truly need assistance. These higher taxes and fees we will be forced t pay through the higher cost of the goods and services we by will not likely be passed on to those who really need the help. Thus we will not really be accomplishing the good we think we will be doing by giving in to these alarmist cries of immediate need, dire urgency, and coming cataclysm.
But think of it this way. God has a plan for us, doesn’t he? Why would you believe that he would allow us to cheat him out of His plans for us by allowing us to destroy the planet He has created? Riddle me that one, joker.
In this book the author discusses the issue of large scale development in the state of Maine. The issue of the Plum Creek Timber Companies plans to develop Maines Moosehead Lake region into a mega resort area has been a divisive issue in this state. Follow along as the pros and cons are addressed, even as the deal to steal the Maine Northwoods from future generations of Maine’s children is signed and sealed. What lies in store for the future of Maine as we become a state mired in a service level economy.