I am reblogging this WUWT posting by Willis Eschenbach. I could not have defined this better than he does in his posting “The Hood Robin Syndrome”. I have long argued that the science is really not primary issue. Rather it is politics where “follow the money” is an excellent guideline. These people like to tax and regulate. And of course there are those that founded this movement that want badly to replace capitalism by socialism (or in many cases—communism).
Ps I am back from vacation, visiting relatives and catching up on honey-dos. Hope to be much more active with my blogging as these and other issues are resolved.
Guest Post by Willis Eschenbach
There’s a new study out, under the imprimatur of the Energy Institute of the Haas School of Business in Berkeley, California, entitled The Distributional Effects of U.S. Clean Energy Tax Credits. As the title implies, it looks at who actually profited from the various “green energy” tax credits across the United States. SPOILER ALERT! It wasn’t the poor folks.
How much money are we talking about? Well, the paper says that from 2006 to 2012, the taxpayers have been on the hook for $18 BILLION DOLLARS to fund these subsidies, money that would have otherwise gone into the General Fund.
And just how much money is eighteen billion dollars? Here’s one way to think about eighteen gigabucks, regarding safe, clean drinking water.
Water Wells for Africa reports from their ongoing projects that on average it has cost them about $3.50 per person ($7,000 per well…
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