Posted by
Ryan S on Saturday, July 04, 2009 4:29:06 PM
Hey guys, happy Independence Day. Well we have a huge Cap and Tax bill passed and soon we'll all be hit hard. No doubt the current administration (I use the term loosely) will blame either A: Bush or B: the wealthy for the upcoming rise in energy costs. This cap and tax nonsense is pretty simple. It regulates how much CO2 emissions. If a company produces more than their cap, they receive a tax penalty. Well these companies are going to do what makes sense and not eat the penalty, they're going to pass the cost along to the consumers through rising prices.
Now before you get all high and mighty claiming them to be evil, lets get 2 things straight. 1. They're a business, it's their job to make profit, and it isn't their fault that the government passed this law. 2. CO2. That's Carbon Dioxide. The stuff you exhale. The stuff plants breath to survive and pump out oxygen to us. That's what the cap and tax is on. The government is saying it's a pollutant. Read this related article:
Updated with EPA response: Is the EPA suppressing or withholding information on global warming? So companies are being taxed for exhaling on a larger scale, and they're going to pass it on to us.
If the Obama Admin and the Dems REALLY and TRULY wanted to cut these so-called "pollutant" levels, they should have passed a bill that gives tax incentives to companies who stay under their "cap". The only problem with that plan is they gain no money from it. Companies who choose not to would continue paying the same amount in taxes as they have, and companies that conformed to this plan would pay less the the government. That's more power to the private sector and the government won't have that, so they did the opposite, and don't care if they screw over Johnny Taxpayer along the way.
Not that I'm surprised. How convenient that whenever the Liberals try to propose a bill that will bend America over the counter, the media quickly finds something else to cover. Be it the AIG Bonus scandal or the death of a pop icon, you can guarantee that this admin of criminals will rush to take advantage of the situation.