Planet Gore on National Review Online
Here's where all of that purchasing power you are now acknowledged as about to lose under the Dingell-Boucher global warming bill is set to go.
Although it goes to pretty extreme lengths in the form of obtuse legislative language to hide what’s actually going on in their allocation of where the ration coupons will — that is, how many under each of four options are reserved for purposes of effective taxation — they do make clear that the money raised will be a lot.
After all, how else could you fill all of these coffers:
‘‘SEC. 731. AUCTION PROCEEDS.
‘‘(a) FUNDS ESTABLISHED.—There are established in the Treasury of the United States the following funds:
‘‘(1) The Climate Change Management Fund.
‘‘(2) The National Energy Efficiency Fund.
‘‘(3) The Low Income Consumer Climate Change Rebate Fund.
‘‘(4) The Consumer Climate Change Rebate Fund.
‘‘(5) The Supplemental Greenhouse Gas Reduction Fund.
‘‘(6) The Low-Carbon Technology Fund.
‘‘(7) The Green Jobs Fund.
‘‘(8) The National Climate Change Adaptation Fund.
‘‘(9) The Natural Resource Climate Change Adaptation Fund.
‘‘(10) The International Clean Technology and Adaptation Fund.
‘‘(11) The Strategic Reserve Fund.
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2 comments:
Current monetary system is not backed by any commodity like gold that was used in good old days. You can see this system falling apart as I write this comment as it turned out that the oil is better currency than US Dollar.
Only viable option for stabilising currency in modern World is by backing it up with units of stored energy (oil). That can only be accomplished if there is a way to impose direct tax on consumption of oil and other forms of stored energy. In order to do that we need to find some form of global justification for such taxation scheme. If we can fool the whole World that carbon dioxide is a pollutant of World's atmosphere and than come to some form of agreement to tax consumption of hydrocarbon than profits from oil extraction could be shifted thru taxation from producers of oil and oil products to consumers of oil and oil products.
It does not take that much imagination to envision situation where every oil company would have to deposit multi million dollars tax bond with US Government for every super tanker pulling up to US shores to unload its cargo.
In current setup countries that are issuing international currency; US Dollar, Euro, Pound, Yen have an advantage over countries that do not issue such currencies.
Once we do all that conversion whole currency crisis is solved and an international currency can be tied directly to barrel of oil or the barrel of light sweet crude oil become international currency. It would be a system where every country would contribute (have benefit) from international currency system proportional to their economy (oil consumption).
All the rest of it is just mechanics and smoke and mirrors cloaked as science.
Your "Giant Sucking Sound" is building sky scrapers in Dubai, factories in China and India while you collect welfare and pay taxes with worthless pieces of paper
to guard oilfields of Iraq and dispose of imported garbage.
Cheers
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