The so-called Green New Deal will make a few “climate-change profiteers” richer and the rest of us much, much poorer.
As the world’s rich and famous fly in their 114 private jets to an Italian resort to discuss “climate change,” a new study on how much the so-called Green New Deal will cost the typical American household reveals some startling figures.
According to a study published by the Competitive Enterprise Institute, the typical American household would spend more than $70,000 in the first year alone, and $250,000 in the first five years:
At a minimum, the GND would impose large and recurring costs on American households. We conclude that in four of the five states analyzed—Florida, New Hampshire, New Mexico, and Pennsylvania—the GND would cost a typical household more than $70,000 in the first year of implementation, approximately $45,000 for each of the next four years, and more than $37,000 each year thereafter. In Alaska, estimated costs are much higher: more than $100,000 in year one, $73,000 in the subsequent four years, and more than $67,000 each year thereafter. [Emphasis added.]
[Download the whole study (in PDF) here.]
Like “war profiteers” there are “climate change profiteers,” like former U.S. Vice President Al Gore (and others).
When he left office in 2000, his net worth was $1.7, according to the Huffington Post. Today, thanks to his climate change campaign, Al Gore is worth more than $200 million.
Although there are those who claim that, in order to end climate change, the world must end capitalism, the fact is, even under socialism, there will always be a few well-connected people who will start up (or invest in) those companies that get awarded the government contracts.
A few “climate-change profiteers” will get richer, while the rest of us get much, much poorer.
This is just one of the reasons the so-called “Green New Deal” has been aptly described as the “Green New Disaster.”