Congress Votes for Bad Weather by Harry Jackson, Jr. at Townhall.com-
He starts off with how this will affect GNP and the economy in general and other concerns. The entire article is worth a read, but the part about how it will negatively affect the most vulnerable among us is the most disturbing to me:
…cap and trade will affect the poorest of the poor in America. In a manner of speaking it is a regressive tax. Let me explain. Because the poor spend more proportionally on energy than others, their disposable income will decrease because of energy costs. Our poorest citizens spend up to 50 percent of their limited income on energy, while the average American spends only 5-10 percent of their income. In comparison to their rich suburban counterparts, poor families are sometimes forced to make serious choices between food, medicine or fuel. As a result of this dilemma, 8 percent of households with incomes between $33,500 and $55,000 have had their electricity shut off this year due to non-payment. Those living in rural areas of the country are being squeezed even harder. They tend to have older vehicles that are less fuel-efficient. Pickup trucks are common because they work part or full time in agricultural jobs. It takes a larger percentage of a person’s income for transportation in rural areas because of longer rural commutes.
It’s not only the poor that will be hit hard, it’s EVERYONE – but then he spells out in poll numbers that black people are against this regressive taxation:
The third reason I am against cap and trade has to do with the felt needs of the average minority citizen. “An overwhelming majority of African-Americans want Congress to fix the economy before turning its attention to climate change,” said David Ridenour, Vice President of the National Center for Public Policy Research. A recent national poll which included 80% self-identified Democrats produced fascinating results: 76 percent of African-Americans want Congress to make economic recovery instead of climate change its top priority. The same study says that 56 percent of the respondents believe that policymakers have failed to consider “economic and quality of life concerns of the black community.†Finally, over 70 percent of the respondents don’t want to pay more for gasoline or electricity.
Does anyone? America is the only country in the world where the poorest people have air conditioning – but don’t worry, that’s about to change and we’ll be exactly like the rest of the socialist regimes in the world.
