Obama's Global Warming Plan is a 166% Tax for Poorest Families
April 25, 2016
Daniel Greenfield
http://www.frontpagemag.com/point/262625/obamas-global-warming-plan-166-tax-poorest-daniel-greenfieldEnvironmentalism has always had a eugenic component. And Big Green hits those who depend on cheap products hardest because it adds on a portion to the bottom line.
The study estimates that Obama’s global warming plan would increase the costs of living for the poorest American families an additional $19 billion per year, equivalent to increasing their taxes by 166 percent. The tax increase would also raise taxes on other poor families by an extra $25 billion, equal to a 33 percent tax increase. Living costs for the richest households would only increase by 4 percent.
Obama wants to implement the Environmental Protection Agency’s Clean Power Plan, which would effectively tax four-fifths of American carbon dioxide (CO2) emissions and be similar in scope to an economy-wide carbon tax.
And then just wait until fuel poverty kicks in and the elderly have to choose between food and not freezing to death.
Carbon taxes are one of the biggest scams possible. They're a massive wealth transfer and they take money out of the pockets of the working poor and shove into the greedy fat fists of Big Green and its legions of bankers, environmental consultants and parasite feeder fish.
The study determined that taxing CO2 emissions or gasoline inherently hurts the poor more than the rich because the lowest-income U.S. households spend roughly 35 percent of their annual income on energy, while the highest income households spent less than 3 percent of their income on energy.
That's the kicker. Carbon taxes hurt a lot of businesses, but they rub rawest and hardest those who are least able to afford it and are just scraping by anyway.
