Dear Editor:
I'm writing to clarify for Mr. Laur why the terminology being used in his attempt to sell the climate change energy plan is unconscionably deceptive.
Following is the definition of a tax: A tax (from the Latin taxo; "rate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay, or evasion of or resistance to collection, is punishable by law. (en.wikipedia.org/wiki/Tax). Will non-payment of your "fee" be punishable by law?
"A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits." (en.wikipedia.org/wiki/Dividend). Will there be profits from this plan? The Department of Energy track record of investments to date is $2.7 billion in losses with Solyndra, LLC being the most visible. How can anyone but a fool think there will be actual "dividends"? The word "dividends" is only being used to deceptively curry favor for the plan when in actuality will be payouts just like Social Security with no connection to any profits.
"Revenue neutral": A condition of fiscal policy making in which any increase or decrease in tax revenues be achieved with a commensurate increase or decrease in tax revenues. For example, a proposal to decrease taxes for one economic group must include a mechanism to increase tax revenues from another source in order to offset the revenue decrease.
(www.businessdictionary.com/definition/revenue-neutrality.html).
Revenue neutrality in reality is just a tax-and-spend shell game. Laur infers that this "fund" would be isolated from Congress and not be subject to any movement of funds by Congress. The fact is it will not be a profit generating plan therefore must be supplemented for solvency. How then is it possible for there to be revenue neutrality without congressional budgetary action? The transparency for the true cost of this plan will then be lost when the fund is supplemented from other sources to maintain revenue neutrality. Ergo, the shell game.
This plan is a scam being perpetrated on the American people just like Obamacare was. Hopefully Boehner won't tell our representatives like Pelosi did to "pass it so you can find out what's in it". Oh, I forgot though, Congress is irrelevant anyway since we have a dictator with a pen and phone.
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