The Clean Power Plan Is a Great Way to Make the Poor Poorer
In the U.S., the federal government is embarking on a troubling regulatory path—one that will drive up energy costs for families and businesses, drive out employment opportunities, and have a minuscule impact, if any, on the global climate system.
Take the administration’s recently finalized Clean Power Plan. It will require drastic cuts in the carbon dioxide emissions of 47 states, and will shift America’s energy economy away from affordable, reliable energy to more expensive, politically preferred sources.
The higher costs will adversely impact poor minority families and seniors on fixed incomes the most, because transportation and residential energy costs represent a larger portion of their budget. Energy bills represent approximately one-fifth of low-income Americans’ budgets, disproportionately affecting black and Hispanic communities.
awesome ... I guess the FED will have to subsidies electric like the Internet for the poor, by additional fees on 'the rich'