PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Rush on May 01, 2019, 08:11:42 AM
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Last July the government of Ontario announced the end of that province’s cap and trade policy. (Because of Doug Ford being elected.) A major Canadian rail carrier put out a terse notice concerning this announcement, saying that the government has yet to give details.
Details such as whether companies will be compensated for the millions of dollars they spent buying emissions “credits” the cost of which they have passed on to the consumer. This carrier states that they will continue charging customers for these carbon credit purchases (calling it a “carbon tax” on their invoice itemization) for the indefinite future until such time as they have recouped their expenditures.
This got me thinking how the whole cap and trade scheme is an artificial market buying and selling items with no physical reality whatsoever but which are “created” by setting a cap on units of emissions. Revoke that cap with a stroke of a pen as Premier Ford has done and you instantly render worthless the credits purchased, but for which the consumer is still paying.
Who are these consumers? Do you eat food in the U.S.? Then you are. This carrier sends, from or through Canada, grains, oils, meals, syrups all around the U.S. going into tons of foods that end up on your grocery shelves.
Ford did the right thing. Presumably once the carrier recoups its loss the “tax” will be removed, if the carrier feels the cap and trade won’t ever return. There are already lawsuits in progress against Ford’s government. There is enough climate change hysteria to overwhelm common sense like Ford’s so I’m not holding my breath.
This is an example of how malignant such schemes are. Even if it’s not reinstated by the next leftist politician Ontario elects, it may be years before the consumer stops paying for worthless bullshit fantasy fake made up crap, and the consumers hurt the most are the poor who can least afford pass through taxes on their food.
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The Democrats including Biden are for a Cap and Trade (Cap and Tax) program. Where the money will go to buy carbon credits, and what they will do with that money to combat "man" made climate change is a mystery. I'm sure it will end up in a slush fund to buy more votes.
What the Democrats base a lot of their scheme to reduce the use of fossil fuels is to drive up their costs. Remember when gasoline went over $4/gallon under Obama and he was interviewed by one of the networks? His response was that he was OK with gasoline being that price, but he thought it just went up a little too fast. He wanted a more gradual increase over time so people would curtail or reduce their use of gasoline. That is liberal/progressive logic which is a absolute economy and standard of living destroyer.
Do you think Obama, Hillary, Gore, Kerry, Schumer, Pelosi, AOC, Biden, Bernie, etc would have to reduce their use of fossil fuels? NO. It would be the poor, and middle income earner that would get hit the worst.
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The traitor obama wanted gasoline d over ten dollars a gallon, iirc.