Here is how you can become an expert on taxes. Go to the State Fair and watch the horse-pull competition. Or go to the County Fair and watch the tractor-pull.
As they pile more and more weight onto the sled, the horse (or tractor) pulls the load a shorter and shorter distance. That is all you have to know to understand the effect of taxes on our economy.
Now, imagine if the officials camouflage some of the weight. Dress up a 200 lb. weight to look like a pillow. This might fool the spectators. But do you suppose it will fool the horse?
Imagine if the officials claim the added weight will only affect the bigger horses and not the small ones. Or say that if they place the weight on only one corner of the sled the horse won’t notice it. Right.
You might bring this analogy to mind when you read and hear about new taxes the politicians are crafting for your economy.
They will camouflage the taxes. Hoping you won’t notice that what they are camouflaging is really a tax.
This is what they are doing with this cap and trade legislation. None of them call it a new tax. Instead, they call it a mechanism for reducing carbon in our atmosphere. The very term “cap and trade” sounds more like a flea market term than a tax.