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Government actions resulting in over regulations on businesses, over taxation and uncontrollable fees are contributing to the middle class becoming an endangered species as the inequality has deepened. The results are that consumers are paying for over regulations to businesses.
Extra costs resulting from government actions on businesses are a slight inconvenience to those making the big bucks such as those making the big bucks. Those behind the over regulations, over taxation, and uncontrollable "fees” on businesses are mostly the highly compensated, and most with sweet defined retirement benefit packages waiting for them upon retirement, i.e., those that CAN afford the higher costs that trickle down to all citizens for products and services.
Those that earn less than $20 per hour, which includes virtually all those in the food and hospitality industries, are the ones that can least afford higher costs for power, transportation fuels, and food. There is minimal impact to those that can afford the results of our relentless business unfriendly efforts, but little hope for those that barely exist at today's cost of living.
How will the political environment explain to the middle and poor classes why over regulations and more costs being imposed on businesses is helping to improve the inequality of the middle class that has been growing rather than shrinking?
March 7, 2014 at 10:10 a.m.
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CARB fuel policies will impact those that can least afford more expensive energy
The recent report by the Boston Consulting Group (www.cafuelfacts.com) on the impact of Global Warming Initiative AB32 on the refineries and the California economy is very sobering. Seems like no one cares about what the cost will be to the refineries to meet the AB32 policies, but the impact on the 37 million citizens that will pay more for transportation fuels and energy is staggering. No one else in the country will be paying for AB32, just those citizens and businesses that reside in California.
With California contributing only 1% to the world’s greenhouse gases, it looks like CARB has bet the California economy on the small country of Brazil and their sugar cane for California refineries to produce the AB32 required low carbon fuel.
The supporters of the Global Warming Initiative AB32 want to set the standard for the world. However, Brazil has never produced enough sugar cane to meet the needs of just California, let alone what would be required by the other 49 states and other countries.
CARB’s tunnel vision focus on California’s miniscule 1% contribution to the World’s greenhouse gasses will drive up the cost of energy and transportation fuels for 37 million Californians.
These added energy costs will incentivize more businesses and citizens to depart California, driving up unemployment, further increase the State’s deficit, and severely impacting the middle and lower income people that can least afford more costs to live and work in California.
Even if all 37 million Californians were required to ride bicycles TODAY, California would have no effect on the World’s greenhouse gasses!
June 28, 2012 at 4:52 p.m.
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