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The time is now 10:02 am
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May 23, 2024, 10:02 am
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Pg. 47 Cap and Trade bill.
Published:
If this doesn't infuriate you, nothing will:
The provision goes like this:
If you decide to sell YOUR house a "federal agency must inspect it" for energy efficiency standards they have set (California new home). If it does not comply, YOU must make whatever changes they deem and pay for it before YOU can sell your home.
So if they don't like your doors, windows, walls, heating A/C, insulation, water fixtures (toilets, faucets), appliances, etc. you can't sell.
F'ing GDm change you can believe in! Write your senators!
Comments
Part of that speculation was that if you wanted to replace the roof on your house you could be forced to UPDATE ALL SYSTEMS INCLUSIVE OF EVERYTHING in your home to current energy standards before they'd issue that permit.
"Carbon Credits: A Scam
Posted by Karl Denninger Market Ticker
........"Here's the problem: North America has about 330 million people in it, most of them in The United States. That's a lot of people.
But Asia has 4 billion people living in it, or more than 10 times as many. And unfortunately most of them are living at a vastly inferior standard of living compared to ours. Africa has about 970 million people (three times North America), and again, nearly all are living vastly below our standard of living.
We're 1/15th of the population in question and nearly all of the rest of the people involved are going to dramatically increase their per-capita CO2 output whether we like it or not.
Herein lies the problem: While we emit more CO2 per-capita than anyone else today, we won't be emitting the most CO2 for very long on an aggregate basis.
To actually stop the increase in CO2 emissions we would have to find some way to compel the Asians and Africans to not increase their CO2 emissions.
But all possible means for them to improve their standard of living inherently involve significant and even dramatic increases in CO2 emissions per-capita.
The math is simple: Within a few years China will emit more CO2 than we will. A few years after that both Africa and India will surpass the United States. None of these regions will agree to stop emitting CO2 because to do so is to agree to keep their people perpetually poor and agrarian while we enjoy the fruits of a westernized, industrialized economy.
That's not going to happen and yet without it happening no amount of bleating about "climate change" or laws passed to curtail our CO2 output will do a thing for the climate of the planet. It will not make any material difference to the outcome; indeed, oil companies have said that they will simply move refining and other operations to nations without such pacts (like India and China!) to avoid the tax, and pass through any impact in the US directly to consumers.
The amount of CO2 emitted will not go down, but your costs will go up, making the only net effect economic: you will be poorer and whatever man-made effect exists on the climate will continue to exist.
If we were truly interested in the welfare of the planet we would recognize that short of thermonuclear war developing nations are not going to agree to stop developing. We would thus divert our attention toward dealing with the changes that come with our planet's climate, whether it is in fact warming due to our activity or whether the changes in climate are more mundane (read: due to the sun.) We would thus deploy our money where it could actually do some good, such as flood control and population relocation, along with modifying farming and other production resources to be able to suit changing climactic conditions.
Instead we have so-called "economists" like Krugman who are incapable of doing basic 5th grade math resorting to emotional pleas to try to guilt us into ignoring the basic mathematical facts: this bill will do nothing to address any actual problem and can't, simply because the lions share of the people on the planet will not agree to go along with any plan we might formulate - and this assumes the "global warming" crowd is right."
http://market-ticker.org/archives/1171-Carbon-Credits-A-Scam.html
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