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HERE’S ANOTHER ELITE WITH ANOTHER PLAN TO TAX AWAY YOUR WEALTH

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The elites never rest when it comes to devising new ways to take your money through taxes, inflation or outright confiscation. The latest Trojan horse the elites are riding to take your money is climate change.

The climate does change over long periods of time for reasons that are not well understood except that they are complex and almost impossible to model.

I lived for many years on Long Island Sound. It’s a beautiful body of water that supports fishing, boating and allows the simple aesthetic pleasure of gazing at the sea. Yet, I was constantly reminded by looking at the rocky shore that it used to be a glacier during the last Ice Age. (Glaciers push rocks and other debris aside creating something called a moraine. When the glacier melts, the moraine remains, which is why former glaciers have rocky shores). That’s climate change!

Yet, today’s climate change alarmism is not based on science. Mild global warming stopped in the late 1990s. Sea level increases are about 7 inches per 100 years; hardly cause for concern and likely reversible through natural processes. Polar bear populations are thriving contrary to Al Gore. There is no evidence that C02 causes warming (although there is evidence that warming causes C02 release, which is why some correlation exists).

So, why all the panic and hyperventilating about “climate change” by the elites? The answer is that climate change is a perfect vehicle to use for the imposition of global taxes and global regulation.

Climate is global. If you have a global solution, you need a global problem, and climate change fills the bill. As described in this article, climate change alarmists want developed economies like the U.S. and UK either to impose “carbon taxes” on emissions, or to collect a “border carbon adjustment” tax.

This would be a transfer payment from rich countries to poor countries to compensate for the fact that rich countries import goods that contribute to C02 release through poor country manufacturing or extraction processes. By making carbon more expensive, the relative cost of solar and wind power will be more attractive.

This article was written by Adair Turner, a UK super-elite and George Soros frontman. None of this is a free lunch. Basically, it’s a way to tax rich country consumers to subsidize poor country development.

Of course, those poor countries are often the source of dictatorships and human rights abuses. Climate alarmism is not good science. But, it is a perfect excuse to impose even more taxes on you and me.

IF THE SCIENCE IS NOT ON YOUR SIDE, JUST TRY THREATS

It’s clear that good science does not support the extreme claims of the climate alarmists. Yes, there is such a thing as climate change, but it’s slow, difficult to predict and almost impossible to model because of the complexity of the process. The climate alarmists have grabbed most of the headlines for the past ten

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Political analysts use polls, betting odds, historic trends and other inputs to make their (usually wrong) political predictions. We all remember that “experts” said Hillary Clinton would win the presidency in 2016 (they gave her a 92% chance on the morning of the election), and that the UK would vote to “remain” in the EU

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HERE’S ANOTHER ELITE WITH ANOTHER PLAN TO TAX AWAY YOUR WEALTH

The elites never rest when it comes to devising new ways to take your money through taxes, inflation or outright confiscation. The latest Trojan horse the elites are riding to take your money is climate change. The climate does change over long periods of time for reasons that are not well understood except that they

Read More »

KRUGMAN SHOWS HE KNOWS LITTLE ABOUT ECONOMICS AND LESS ABOUT FINANCE

We already knew that Nobel Prize winner Paul Krugman knows almost nothing about economics. Now, we see from this article that he knows nothing about banking either. Krugman claims that the repeal of Glass-Steagall and the actions of banks in general were not the cause of the 2008 financial crisis. The conventional wisdom is that Lehman Brothers,

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