Here Comes The Carbon Tax

Confirming the worst fears of the New World Order conspiracy crowd, it seems that newly re-elected U.S. President Obama may now push for a carbon tax, per a report from British bank HSBC, as reported by Bloomberg News:

Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.

A carbon tax starting at $20 a ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates…

[continues at Bloomberg News]


Majestic is gadfly emeritus.

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7 Comments on "Here Comes The Carbon Tax"

  1. dave eave | Nov 7, 2012 at 2:33 pm |

    Awesome… now i just have to figure out how not to exhale

    • alizardx | Nov 7, 2012 at 5:31 pm |

      Worse. You have to figure out how not to fart. Methane has 27x the potency of CO2 with respect to global warming activity.

  2. emperorreagan | Nov 7, 2012 at 2:47 pm |

    They are aware that the House stayed just as conservative as it was, right?

  3. Makes more sense than the tax on earned income.

  4. alizardx | Nov 7, 2012 at 3:31 pm |

    It’s about time. The carbon credits scheme is gamed in many different ways,934844,934848 and is about making the “vampire squid” richer at the expense of the rest of us,. not fixing the environment. One of the results is palm oil plantations created by slash and burn, the burned plant life releasing more carbon than using palm oil biofuel saves.

    The tax makes a lot more sense, the money can be used directly to pay for a transition off fossil fuel.

    • you think this TAX is going to help us????… It will go straight into THEIR pockets!

  5. BuzzCoastin | Nov 7, 2012 at 8:16 pm |

    one thing about taxes are fer sher
    if your rich and/or a rich corporation
    you will not be paying any taxes

    silly Plebeian
    taxes are for Plebs

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