Planned: A Nightmare Carbon Tax Of $10,000 For Every American

Posted by Daniel Greenfield Bio ↓ on Sep 3rd, 2012

Do you want class warfare? Just spell “Class” as “Carbon” and then you’re going to find yourself halfway there.

Let us consider the effects of this policy. A ton of carbon dioxide contains 248 kilograms of carbon, so a tax of $300 per ton of CO₂ would be equivalent to taxing carbon at a rate of $1.21 per kg. Since there are about 2.5 kg of carbon in a gallon of gasoline, this would increase the cost of a gallon of gas by $3.02 per gallon, or just a little more than Frank says. The average American driver uses about 730 gallons of gasoline per year, so this tax would represent a cost of about $2,200 per driver. This would be a serious hit for the average American worker, whose before-tax income is about $45,000 per year, and devastating to those making less than this.

…. and remember that it would come on top of Obama’s new mileage standards which will already add 15,000 dollars to the cost of a car. If these people get their way, then by 2025 a car will be a distant luxury that few ordinary Americans can afford. And that’s exactly their goal.

Under America’s current tax system, the top 5 percent of income earners pay 59 percent of all federal income taxes, the next 45 percent pay 39 percent, and the bottom half pays next to nothing. But because basic commodities such as food, electricity, and fuel are bought in similar amounts per capita regardless of income (i.e., a working-class family living on $30,000 per year in Harlem uses about the same amount of electricity and food as the family of a money manager living on $30 million per year on Park Avenue; and rural Americans, of whatever class, spend much more on gasoline than either), the $2.78 trillion green tax would be spread nearly evenly on all Americans, not as a fixed “flat tax” percentage of income, but as a fixed cost regardless of income.

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