Saturday, November 12, 2016

Carbon Tax vis Cap and Trade and Trumps position on it.

 A carbon tax is mostly recoverable if people change their living habits.  Turn down the heat in your home; don't idle your vehicle so long. Or more extreme shut your vehicle off on long traffic waits.
Get used to wearing a sweater around the house.  Turn down your hot water tank.  If possible invest in new technology in a vast number of areas.

If you get into a real self program of turning off the heat, you will break even probably under a carbon tax.

Conservatives prefer the cap and trade vision on a world wide scale.  That is because true to Conservative form it is basically a scam.   It allows business to transfer money across borders with no tax penalty.

An example.  A US parent company declares they have reduced their carbon footprint by X number of tonnes per year.   If the price on cap and trade is set at 20.00 per ton (it will be a higher number than the carbon tax for PR purpose. And, frankly it doesn't matter what number they put on it as its meaningless.  

To continue; a Canadian company, a subsidiary of the mentioned  US parent company, Comes close to showing a profit.  This company takes real cash 20.00 times X tonnes and transfers it to the US parent.

In Canada this company cries "we are close to broke"  "no raises possible because of our carbon penalty" etc.  Canadian profit shipped to US parent company giving the Canadian company a tax deduction and the  US parent avoids taxes on this amount as that is what cap and trade is about.   And it does nothing for our huge problems in the environment.

And to compound this we  have an insidious complication in Trump's election.

The world's financial state now, is very similar if not the same as the disastrous financial situation of the world  prior to World War 2.   And, then we throw in a wild card, a man who demonstrated his own ignorance on an unprecedented level, could easily step into the role of Hitler if just a little of what he said during the election is to be believed.




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