Guest Post by Willis Eschenbach
There’s a new study out, under the imprimatur of the Energy Institute of the Haas School of Business in Berkeley, California, entitled The Distributional Effects of U.S. Clean Energy Tax Credits. As the title implies, it looks at who actually profited from the various “green energy” tax credits across the United States. SPOILER ALERT! It wasn’t the poor folks.
How much money are we talking about? Well, the paper says that from 2006 to 2012, the taxpayers have been on the hook for $18 BILLION DOLLARS to fund these subsidies, money that would have otherwise gone into the General Fund.
And just how much money is eighteen billion dollars? Here’s one way to think about eighteen gigabucks, regarding safe, clean drinking water.
Water Wells for Africa reports from their ongoing projects that on average it has cost them about $3.50 per person ($7,000 per well…
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