Democrats are so disconnected from reality

VAN HOLLEN LEADS SENATE DEMOCRATS IN ANNOUNCING NEW LEGISLATION TO MAKE POLLUTERS PAY FOR CLIMATE DAMAGE

quote:

---

Today, U.S. Senator Chris Van Hollen (D-Md.) – joined by Senators Bernie Sanders (I-Vt.), Ed Markey (D-Mass.), Sheldon Whitehouse (D-R.I.), Elizabeth Warren (D-Mass.), and Jeff Merkley (D-Ore.) – announced new legislation to require the biggest polluters to begin paying their fair share for a just clean energy transition. The legislation, titled the Polluters Pay Climate Fund Act, requires the largest U.S.-based fossil fuel extractors and oil refiners and foreign-owned companies doing business in the U.S. to pay into a Polluters Pay Climate Fund based on a percentage of their global emissions. The Fund would then be used to finance a wide range of efforts to tackle climate change. The House companion legislation will be led by Congressman Jamaal Bowman (D-N.Y.).

---

Ah so pay for democrat non-profits run by smelly women that don't shave. Probably pay for ads saying white nationalists bad. Got it. What will this bill do, I guess democrats have a tax driven weather machine? So those stories we heard about GW must be true! He actually caused Katrina.

quote:

---

“At a time of unprecedented heatwaves, drought, flooding, extreme weather disturbances and the acidification of the oceans, now is the time for Congress to make certain that the planet we leave our children and future generations is healthy and habitable,” Senator Sanders said. “For decades, the fossil fuel industry knowingly destroyed our planet to pad their short-term profits. We must stand up to the greed of the fossil fuel industry, make fossil fuel corporations pay for the irreparable damage they have done to our communities and our planet, transform our energy system and lead the world in combating climate change. That is exactly what this legislation will do.”

---

Look at this load of horseshite. Completely untrue. In fact, its so much NOT outpacing the predictions, they had to change what it was called. From Global Warming, to CLIMATE CHANGE. Because, you can't argue against the climate changing because its ALWAYS changing.

quote:

---

“From devastating floods to suffocating smoke, climate impacts are outpacing the already dire predictions of scientists - and hitting redlined and marginalized communities the hardest. Yet we continue to prop up a fossil fuel industry whose pollution is killing millions of people around the world, and that bears the most responsibility for a crisis that is threatening the future of humanity. We have the research basis and grassroots support to make these corporations pay in accordance with their contribution to the climate emergency. We must take action now, and invest that money in a just, renewable-powered future for all,” said Representative Bowman.

---

The fact is, we - all of us - contribute to carbon emissions and pollution because WE demand the products that these companies make. So, you want to reduce polluttion, go build a cave and live in it without fire. And quit breathing, eating, etc. You are polluting by existing.

quote:

---

Addressing the threat of climate change requires investments – to rebuild infrastructure to protect against rising sea levels and extreme weather events; to support communities that have suffered disproportionately from degradation of the environment; and to power the transition to renewable energy, including research, deployment, and workforce training. These investments are an opportunity for a cleaner and more equitable future. Fossil fuel companies should contribute a fair share to that transition.

The Polluters Pay Climate Fund Act would set that share at $500 billion over 10 years. The Department of Treasury, in consultation with the Environmental Protection Agency, would use established techniques to determine shares of emissions based on publicly-available data on past production. If companies wanted to dispute the agency’s determination, they would have the opportunity to do so.

Ultimately, each of the top-polluting companies would receive a bill from the Treasury every year for 10 years that accounts for a proportional share of emissions.
With a $500 billion assessment over 10-years, the biggest polluters – companies like ExxonMobil, BP, Shell, and Chevron – would likely be assessed about $5-6 billion a year. For all but one of the five largest payors, that would equate to less than 3% of their gross receipts.
Congress has a clear right to require members of an industry to help fund a response to a problem caused by that industry.

---

But here is where they are truly disconnected! What in the actual frick.

quote:

---

Under economic principles accepted across the ideological spectrum, the assessment would not be passed on to consumers. The assessment is based on past, not current, activity, so it does not impact the ongoing costs of production. It is charged to those with the highest past production, leaving some companies that are not subject to the assessment to act as price competitors and rivals for market share. And any attempts to collude to set a higher price would be illegal – and unlikely to attract companies that aren’t covered by the Fund or have a lower pro-rata payment and a market-based incentive to undercut those who raise prices.

Instead, the costs would be borne by the corporations and shareholders who have reaped massive profits for decades. And the revenue in the Polluters Pay Climate Fund, could, among other purposes, actually help offset costs for consumers during the transition to clean, renewable energy generation.

---

Terrible...this is what I call, I want to pander to my base with a stupid bill that will accomplish nothing but create bureaucracy and raise prices on consumers...further widening the gap between the middle class and the rich because the dollar of the working man needs to go further than the wealthy. This is another tax on the common disguised as punishing industry for being bad for providing us with what we want. Not to mention, climate change is not a threat to our existence and no one has a damn weather machine.