It’s not “Selling Out”

It’s “Buying In”

Cap and Tax is just about dead. Not quite. But almost.

It is so nearly dead because folks have realized that, if it passes, they will end up paying more to keep the lights and heat on in their homes and businesses.

A less known fact about the current Cap & Tax plan is that it was at least partially created and written by Blythe Masters (aka the same person who created “Credit Default Swaps”).

Because of these facts, Washington’s very own Maria Cantwell (D-Itzy) has written up a “Cap & Rebate” bill.

Under her bill, the federal government would auction off carbon shares to the nation’s 2,000 or so fuel producers, such as coal and oil companies. Every two years, the shares would expire and, over the years, the U.S. government would offer fewer and fewer shares for sale as a way to reduce carbon consumption.

Three-fourths of the money raised would be rebated directly to legal U.S. citizens. Cantwell’s office estimated that an average family of four would receive a total of about $1,100 a year in the form of tax-free monthly checks.

“We will give everyone a dividend check,” Cantwell said. “We will keep consumers whole and that is important.”

The other 25 percent of the money raised would be used exclusively for clean-energy research and development, energy efficiency programs and for assistance to communities and workers transitioning to a clean energy economy.

…..
Cantwell also said her bill would eliminate Wall Street manipulation and speculation in the trading of the shares. The bill would allow limited trading of the shares among the companies who own them, with a price ceiling and floor set to ensure there were no volatile swings in the market. The trading would be regulated by the U.S. Treasury.

So, just as ignorant, but with more money to the Plebs, most of whom aren’t smart enough to realize that any check they get is their own money.

It is almost as though the Democrats (and RINOs) get their horrible ideas on a Buy One, Get One Free basis.