Cap And Trade = Redistribution Of Wealth
It doesn't matter anymore because the Obama administration has secretely implemented draconian Cap and Trade rules anyway, totally disregarding the will of the American people and without giving them a chance to vote “NO” on the issue. The Federal government has … After all, “green taxes and fees” are really about power, control and the redistribution of your wealth to the federal government, not about protecting the environment. Each state is capped on their …
Part Two explained the mechanism (cap and trade) to be used for redistribution of the nation's wealth and the financial scheme to be used by establishment elitists to ensure this redistribution and the fleecing of the taxpayers.
The Dark Side Of Cap And Trade
Like many others, I hadn’t really taken a good look at what Cap And Trade really is, until the onset of the negotiations in Copenhagen, but the more that I now look into it, the more horrified I am.
What Is Cap And Trade?
The stated idea behind Cap And Trade is the control of pollution (CO2 – greenhouse gas); with its end goal being the reduction of the overall pollution by a nation, region, or industry.
So What’s Wrong With That?
What’s wrong with it, is that it would cost the industrialized nations billions of dollars to move the pollution from one part of the globe to another!
The Mechanics Of Cap And Trade
1) A government would decide on how much pollution its country would be allowed, and then set a cap at that level.
2) Companies within that country would then be issued credits which would allow them to pollute up to the amount of the cap.
3) The amount of pollution that the company would be allowed to create would be based upon how large the company was and what industry it was in.
4) Companies that produced pollution below their cap, would then be allowed to sell their credits to ones that exceeded it.
So the intention is that the industrial world would pay the underdeveloped world huge sums of money for doing nothing at all, and you can easily imagine the bureaucracy and corruption that would occur if this nonsense were ever to come into being.
The flawed idea behind Cap And Trade is that companies that were penalized would work hard to reduce their pollution, and even though the technology is presently not available and won’t be in the foreseeable future, Obama is promising that the U.S. will reduce its pollution by 80%, which would take it back to levels that existed before the industrial revolution.
What Would The Near Term Effects Be?
The bill that was recently passed by congress (Waxman-Markey), and is now fortunately stalled in the Senate was hastily and badly written and would:
1) Drive up the price of energy.
2) Deter American job creation and send jobs overseas.
3) Make it far harder for the U.S. to exit the ongoing economic crisis.
Since the U.S. operates an overwhelmingly carbon-based economy, the EPA (Environmental Protection Agency) would end up regulating almost everything, and every company that emitted more than 250 tons of CO2 a year would fall under EPA control, meaning over a million building complexes, hospitals, plants, schools, businesses and related enterprises.
The Third World Has Tried This Before
The so called developing nations have long been the majority in the UN and in the early 80s they called for a "New International Economic Order" (NIEO) whose demand was to simply transfer fantastic amounts of wealth from the industrialized West to the Third World.
The stated reasons were "equality and compensation", a "redistribution of wealth which was owed the third world because of colonialism".
The reason that the idea went nowhere was because Reagan and Thatcher were in power, and they effectively said, "Get up off your asses and work, like the rest of us".
Most of us would more than likely be willing to do rational things to safeguard the environment, but the entire concept of perpetrators and victims breaks down when it comes to global warming because countries collude in pollution.
Does China Have The Largest Carbon Footprint?
It would be more correct to say, "China is the place where the world’s carbon footprint is presently located".
If China’s factories presently emit such a large amount of pollution (CO2 and greenhouse gasses), it is because it is manufacturing things for the west, and the west is therefore less polluted because of it.
If China were forced to produce less because of the high cost of buying credits, then the countries in the presently underdeveloped world would then start to manufacture, thereby causing more pollution in their locales.
The source of pollution would simply have moved from one location to another, but the industrialized world would be paying billions of dollars to have its sources of revenue taken away.