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Overnight Open Thread

224
iceweasel6/30/2009 4:53:36 am PDT

re: #218 soxfan4life

So according to your chart from the CBO it is more redistribution of wealth as the lowest percentile of income will receive more in credits than it will cost them. If it was really about global warming or pollution why shouldn’t everyone share the cost equally. The more these people let their mask slip the scarier they become.

Lowest Quintile 425 -400 -65 -40
Second Quintile 555 -420 -90 40
Middle Quintile 675 -300 -140 235
Fourth Quintile 815 -245 -230 340
Highest Quintile 1,380 -250 -885 245
All Households 770 -320 -285 165

The lowest quintile (bottom 20%) will see some benefit; they’ll save 40 bucks, basically.
Everyone else pays.

And there are lots of reasons to wonder if these projections will even hold, out in 2020.