The economic slowdown has reduced electricity consumption and with it, the cost of carbon credits, but that is temporarily keeping the current Lynch broad-based energy tax low.
Not long from now, it will begin to rise, not just because demand will creep up but because RGGI allows anyone to buy its credits as a form of investment speculation. Or to drive up the cost of energy as a matter of policy, so of course, all the Wall Street Heavy Hitters are lined up to participate in the economic collapse of New Hampshire through energy cost increases our Governor has pimped out to the highest bidder.
So those evil firms and Wall Street banks the liberals take campaign cash from but love to pander to us about (like Goldman Sachs and Morgan Stanley) will be making money off the backs of taxpayers and ratepayers in NH because they are the folks who handle the bulk of carbon credit trading schemes in the US. They exist to profit from it so they are more than willing (perhaps drooling) participants in the Northeast’s ‘experiment’ with carbon trading, and will be the evil speculators driving up the cost of credits and selling them to our energy producers at a profit.
The cost of that profit will be borne by our utility companies. They are required by law (by John Lynch and the NH democrats) to buy them at market rates per government-defined estimates of CO2 emissions. To offset the dramatic but as yet unseen effects of a gas that required for the life of every plant on earth, and therefore us as well. And which in excess, causes even more plants to grow. So, John Lynch is taxing you to protect you from lettuce, and shrubs, and flowering plants and trees, and the peas in his tiny little left-wing-moon bat pod hey here can I scam a few million more to spend on nothing of value brain.
So is he getting any kickbacks to his campaign for this?
Wall Street firms and even speculators at the Chicago Mercantile Exchange-where they trade carbon credits like stocks–will get rich while your utility rates rise based on their speculation about the value of those credits. So thanks to John Lynch and the democrats in the NH legislature, you will pay more for the electricity you need based on an ever-increasing and unpredictable broad-based energy tax, and you can’t do a damn thing about that how much it goes up. Neither RGGI, Goldman, or any other investor who might take an interest in forcing reduced consumption by driving the price higher will call for a hearing first, or ask for your input, or ever answer to the voters in New Hampshire.
It’s the perfect left-wing tax scam. It guarantees more money to the state, and you can’t stop the increases–in fact, you won’t know until they happen.
So is prostituting the fate and future of the local economy to outsiders your idea of good leadership? The Democrats will tell you it provides the state with revenue and is suitable for the environment (certainly not the business environment).
But, why do it like that? Why not just ask the voters and hold a hearing? Why? Because they will tell them to go to hell. Subterfuge is easier for liberals. This way they will never need to admit it is a broad-based energy tax. Money waiting to be pilfered for more wasteful spending. Or, that the long term economic impact will decrease growth, cost jobs, and drive business away through artificially and unpredictably higher energy costs.
Smart companies will wonder why they should have a brick and mortar business here when the government is purposefully driving up the cost of that business to hide another tax that creates real wealth outside the state on the backs of small business and residents in the state? They won’t. They’ll set up shop outside the North East altogether if they can–not even within commuting distance.
This is an energy tax that increases your cost of living at home, everywhere you pay for goods and services, even in the cost of local government, because they all use electricity and have to pass those increasing utility costs down to the lowest denominator–You!
So how’s it going so far? At this point, Lynch’s broad-based triple-dip energy tax has had only minimal impact because of the slow economy. But, the system has a built-in cost accelerator through reducing the number of credits available. Couple that with an increase in demand, and you quickly see a significant revenue impact that will be shifted to ratepayers across the board–a tax burden we can’t escape.
But there is an opportunity at hand to act before the costs increase and cripple whatever hope we have or retaining our “Advantage.” Get rid of John Lynch and the Democrat majority, then ask your state government to remove New Hampshire from the Regional Green House Gas Initiative, and to renegotiate the terms of our relationship with local utilities and the Northeast power Grid.
New Hampshire is a net exporter of energy–even green energy in the form of Nuclear. There is no reason whatsoever for us to be paying as much as we do given our production advantages. So any costs should be borne by people trying to buy capacity from us outside the state–who need that excess capacity. That’s called supply and demand. They need it, we have it, pay up or make your own. And any decrease in electricity costs to us come back as jobs and commerce that helps the state.
But that will never happen as long as we have a Democrat governor who has actually gone so far as to buy wind energy from New Jersey to meet any number of meaningless mandates, for a state that already produces more ‘green’ power than the mandate requires. Dope.
But this kind of ‘leadership’ you get from John Lynch. It just one of many reasons why we are losing our workforce and our jobs. It’s Lynch Leadership, and I’ve had quite enough of it.
