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Why does the Waxman bill now propose allocating only 2% of the carbon permits to the refining industry?
This seems to me to be a way of adding a fuel tax at the pump which will show up in everything we use or consume from cars to cabbage! This cap and trade proposal seems to me to be just a stealth consumption tax which will ultimately be paid "only" by individuals! Even if CO2 is a problem, this seems to be the wrong solution!
2 Answers
- Nata TLv 61 decade agoFavorite Answer
you got it. It is a tax on the upper wage earners pure and simple. the net effect is the rich will always find a way not to pay the tax. For example, I'm setting up a dummy company that will allow me to take a tax right off of my added hidden taxes, net effect I'll only pay 60% of the tax while the rest of suckers pay 100%.
