So, there’s this guy who takes tons of fossil fueled vehicle trips around the country and world. Sometimes for official reasons, mostly for fundraisers, vacations, and golf outings. He likes to complain about how ‘climate change’ will hurt everyone, so he came up with this plan, one which won’t actually harm him in the least
President Barack Obama’s plan to fight global warming will raise energy prices and drag many low-income Americans into “energy poverty,” according to a new study.
The so-called Clean Power Plan (CPP) would significantly increase the price of electricity in the U.S., and could cost the economy up to $479 billion by 2031, according to a study by the Pacific Research Institute (PRI). The average American’s electricity bill would rise by more than 10 percent as a result of climate regulations that would do nothing to address global warming.
Climate models created by the Environmental Protection Agency (EPA) and utilized by the Cato Institute show that it would only prevent an additional 0.019° Celsius of warming by the year 2100, an amount so small it cannot be detected. (snip)
Such price increases hurt poorer people more than the rich since the poor tend to spend a higher proportion of their incomes on basic needs, like groceries, power bills, clothing, housing and gasoline than wealthier people. A 2009 study by the National Bureau of Economic Research found green policies would increase the tax burden of the poorest households three times more than that of the richest households.
All this for no actual temperature change. But, rich people like Obama do not care. Why would they? Their policies won’t affect themselves in the least.
Of course, what Warmists/Democrats then call for are more subsidies to the poor people, making them more dependent on the Government.