Resource Pages

Feb 10, 2010

Cap or Tax and Trade who will pay for it?

As you work today, think about this...  Less than half of Americans are taxable, of which nearly half of them pay 0 federal taxes.
In other words ONLY 80 Million hard working Americans are paying back the Tens of Trillions of dollars of debt we are accruing.

Now when we ask who is going to carry the 'extra load' of new 'cap & trade' or 'energy tax' debt?

Spoiler alert - look in the middle (class) section:
(via mint)
MINT-TAXES-R4
NOTE: I would never criticize anything I do not have 100's of better ways to improve on.
Sustainable energy programs should never have an 'extra cost', by the term 'Sustainable' the cost should ALWAYS offer near term payback.

In perspective, I understand how people can perceive these 'new' energy programs as 'sustainable' if they believe the economy that subsidizes them is ;-)

Maybe we should be looking at a “Pay it Back tax.” Robin Hood tax could generate $700bn worldwide. The tax would see 0.05% levied on each bank and hedge fund trade ,ranging from shares to foreign exchange and derivatives, creating a cash pile to be spent on measures to combat domestic and international poverty as well as fight climate change.
 
The Guardian and comedian Bill Nighy have just released this video