Posted by Old Iowa on September 12, 2012 at 10:36:11 from (208.126.196.144):
In Reply to: Re: OT Windmills OT posted by Ken Macfarlane on September 12, 2012 at 10:11:23:
Then anger is because my electric bill is going up because of the wind power. Mandated quotas for renewable energy. Never mind that the technology does not exist to product it at any ways near a competitive price.
I am paying again in my taxes through all the "renewable energy" subsidies. So I get to pay double and triple for an inferior product. That is what is causing the anger.
Also cooking the books to make the renewable energy look better makes me mad. People talk about how a wind mill will pay back in 8-10 years. Well the first lie is that pay back number is AFTER huge government subsidies. Plus they never mention that the wind mills working life is just about the pay back time. So we pay subsidies and I do mean direct subsidies. Not the new tax deduction called subsidy.
What do I mean by that??? Well an oil company spends 100 million of is own money(or investor money. Key being ZERO government money) drilling a new well. Then it depreciates the expense against any current profit it has. The current crowd in DC is calling that a Government subsidy because of the "lost" tax money. They think that money earned is all theirs. Even before you pay anything.
That would be like me buying a yard full of feeder steers. Then the government calling me taking that as an expense a tax sudsidy. It is what the current crowd is doing.
If you think I am lying. Find where the government pays any oil company a subsidy for drilling oil. Brazil does not count as we all know that we gave them money to drill but shut down drilling here on Government land.
Much of this renewable energy hog wash is just crony capitalism at its worst. Can any one say Solyndra??? Nearly 500 million dollars of tax dollars GONE!!!! Then you ask why we are mad??? LMAO
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