This is an interesting notion. You have to have a license for your car, supposedly for safety, more I think it is so authorities can track and control vehicles, and so they have another revenue source. Nothing in car licensing, though, keeps you from selling your car, if you want. Of course, the value of your car might be lower if it could not be licensed for some reason.

Now comes the Cap and Trade bill. This bill, purportedly crafted to address global warming (don’t get me started), is really more of a way to force a massive wealth transfer from developed nations to undeveloped nations, and at the same time make properly positioned people very wealthy (through brokering of carbon credits, among other things.)

Oh, and they also have control in it. All kinds of control. The most interesting control is that they want to require all homes to be “labeled” with a sticker that indicates the efficiency rating of your home. And if it is not high enough, you can’t sell your home until it is improved to meet the requirement.

Now if that won’t destroy what’s left of the housing market…

In effect, this bill prevents you from selling your home without the permission of the EPA administrator. A whole new industry will spring up, people licensed to rate your home for the licensing, people who fix up your home to meet the new standards (which can tighten each year), and on it goes, another huge government program.

The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the administrator can set higher standards. The Building Retrofit Program mandates a national program to increase the efficiency of all homes across America. You won’t be able to sell your home unless you retrofit it to comply.

There are provisions for grants of several thousand dollars to comply with the retrofit requirements if you meet certain energy efficiency levels. And the State can set additional requirements on who qualifies. This means that mostly it will be the middle class who suffers, as usual. And the housing market, which means everyone.

The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded. However, once the lower classes feel the pinch in their wallets, you can be sure these voters get a tax refund (even if they pay no taxes at all) to offset this new cost.

The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded. However, once the lower classes feel the pinch in their wallets, you can be sure these voters get a tax refund (even if they pay no taxes at all) to offset this new cost.

The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. Of course, this will be offset by tax refunds and such. I didn’t get one of those this year, did you?

Want to read it for yourself? The bill is here.

-PLH