Here’s some sobering news for anyone who thinks it’s urgent to pass the “Green New Deal” to save the Earth (reminder: it was originally dreamed up as a plan to remake the US economy into a socialist fantasy, with “Oh yeah, and save the Earth" added later as a sales tactic), and who really believes the banana oil that “billionaires and corporations” will pay for it.
A study by the Competitive Enterprise Institute, Power the Future, and the Wisconsin Institute for Law and Liberty estimated the costs of the plan in electricity generation, shipping and logistics, new vehicles and building retrofits in 11 key swing states: Alaska, Colorado, Florida, Iowa, Michigan, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania and Wisconsin.
They found that on average, the Green New Deal would cost the typical household a minimum of $74,287 in the first year. But here’s the good news: annual costs fall to just $47,755 per household for each of the next four years (excluding Alaska), and down to a bargain basement $40,706 each year thereafter. If you’re in Alaska, you’re not so lucky. Alaskans’ estimated cost for year one is $84,584 per household, and it only drops to $51,740 after year five.
Considering the massive compliance costs that will drive manufacturers overseas, ignite mass business bankruptcies and destroy the economy, good luck making enough money to pay your electric bill! Oh, wait, I forgot: billionaires and corporations will pay for it all! Whew! Never mind then…