Carbon taxed to death

Here is one way that Obama ad-Dajjal could achieve his stated goal of shutting down coal-fired power plants:

• implement a carbon tax
• give utility companies carbon tax credits for their existing emissions
• these credits will be worth billions of dollars, more than the plants are worth
• enact regulations that make the plants even more difficult to run
• the plant owners will then "voluntarily" shut them down to cash in the credits

It's a simple plan, but with horrible consequences for our economy. Hydro power is maxed out, wind and solar are puny (at least so far), there will be no more nukes, and it would take a whole bunch of natural gas fired plants to replace the coal plants.

Get ready to spend time freezing in the dark. That's his plan for you and me. He'll be in Hawaii with the wife and kids living the good life.

And if you don't believe me, ask yourself this: why would KKR (very shrewd investors) buy up Texas coal-fired plants, promise not to build any more, and also give utility customers a rebate? Possibly because they know that the carbon tax credits will be a windfall for the plant owners? That's my assessment.