This twit is trying to convince you that having your money redistributed is good for you (and you’ll just love giving ’til it hurts)
It’s not often that we Northeasterners get to brag about setting a trend that Californians are following. But when it comes to creating a cap-and-trade system for greenhouse gas emissions, we are the nation’s first. And as California works to implement a carbon market of its own, Californians can learn from the Northeast’s experience.
The Regional Greenhouse Gas Initiative, or RGGI (pronounced “Reggie”), is a cap-and-trade program for the six New England states, New York, Maryland, Delaware, and until recently, New Jersey. RGGI requires power plant owners to buy allowances at auction for the carbon dioxide they emit. If they pollute less, they need fewer allowances, and utilities can sell allowances they no longer need.
The design of the carbon market California is building is different, but the same basic principle applies: market forces will drive companies to find sensible ways to cut emissions.
Mr. Hibbard is an idiot! OK! Let’s assume I can’t afford electric power any more. A safe assumption based on the taxes created by this boondoggle if it ever come to a town near me. So, my electric company turns off my lights and heat as well as my prime source of cooking meals. Now I’m left to fend for myself. In winter I simply move my family to the basement (where my only fireplace is located). To cook I will need to build a high efficiency wood stove or gas grill outside. Kerocene lamps might be good for my grandson to study by. Wow! That kinda sounds like the 1800′s when air pollution was horrendous. Ignorance reigns supreme in the religion of environmentalism!
“The design of the carbon market California is building is different, but the same basic principle applies: market forces will drive companies to find sensible ways to cut emissions.”
The market for indulgences. “Market
forces,” if actually at play, would render
them worthless.
As a Marylander, the only thing good I can say about RGGI is that the carbon price is at the floor and I believe int last auction, only 70% of the emission certficates were sold. The Machiavellian CARB will learn from this and likely set both a higher floor price and have fewer permits. California may not be able to make much any more but they are experts at regulating the life out of an economy.
Well, this type of idiocy has driven me from my native state of California. I leave tomorrow morning on a trip to find a home … in another state. One with no income tax and a total cost of living about 20% lower than the once Golden State.
California is driving out businesses and the middle class with their high taxes and heavy regulation. Soon, the state will have rich, liberal elites, and “the poor.” Caught in the middle will be a remaining “middle class” made up of overpaid and underworked state and local “public service” employees.
Then the bill will come due for the enormous pensions promised to that huge cadre of public service workers who are reaching retirement age. California will collapse, like a black hole.
With the withdrawal of NJ the RGGI tax by other means will fold. Do a google search for Cap and Trade Fraud Denmark, last I looked the number was 64 million Euros, some kind of VAT scam. Total fraud Europe is in the billions.