Surprise!!
The Waxman-Markey bill distributes roughly $778 billion in free emission allowances to various politically favored industries and others between 2012 and 2020, at the direct expense of non-favored industries and U.S. consumers. The ultimate impact of this giveaway of emission allowances is to transform the already regressive gross burden of a cap-and-trade system into a highly regressive federal climate policy that effectively redistributes tens of billions of dollars per year from low- and middle-income households to high-income shareholders
Goldman Sachs. Al Gore. GE.
The usual bloodsuckers.
HT: MoonBattery
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