LOS ANGELES (Reuters) - U.S. electricity prices are likely to rise 15 to 30 percent if a national cap on carbon dioxide emissions is instituted, according to a report by Moody's Investors Service.
And "the vast majority" of the burden of those higher costs will be borne by residents as large industrial users are likely to be successful in lobbying U.S. lawmakers for special rates and tariffs, the report dated March showed. ...
Article here. Don't worry, you'll be just fine, unless you use electricity. Or have grown accustomed to such luxurious extravagances as, say, food.
Here's the real reason for this sham "Global Warming" tax:
"The United States generates approximately 6 billion metric tons of carbon dioxide every year, which could result in approximately $120 billion of new annual revenues for the U.S. Treasury, assuming a flat rate of $20 per ton," Moody's said.
Hope and Change is expensive, you know.
Taxing energy to "solve" what we're not even sure is a real problem is a massively stupid way to kick our economy in the gonads while it's down. It's also an extraordinarily cruel way to victimize the working poor and middle classes, who will bear the brunt of this backdoor tax hike via price hikes in electricity, food and other basic necessities.
Al Gore will still be cruising around in his enormous houseboat (which should probably be called a mansionboat, it's so large), waddling around his multiple houses, and jetting around in private jets to preach the evils of Global Warming, while ordinary Americans will get to deal with the increased dead weight of carbon taxes as they struggle to keep their heads above water. Chains We Can Believe In.