Green Greens

It's good to be green:

Climate Change Dispatch recently highlighted the lopsided nature of climate subsidy benefits:

The majority of the $47 billion in green tax credits claimed between 2006 and 2021 went to high-income households, according to a new study published Monday by the National Bureau of Economic Research… Households in the top 20% of earnings nationally received about 60% of clean energy tax credits, while the bottom 60% of households received just 10%, according to the paper written by Severin Borenstein and Lucas W. Davis, two economists at the University of California, Berkeley… In the case of EVs, the top 20% of earners receive 80% of the credits, while the top 5% of earners receive 50%, according to the study.

And, as Climate Dispatch also noted, this benefit to the top earners has been “relatively constant” even despite a “slight broadening” with 2018 EV credits. Interestingly, there’s reportedly “only a small correlation between greater green tax credits and the adoption of technology such as heat pumps, solar panels, and EVs.” Indeed, in 2023, when the heat pump tax credit increased to 30%, shipments actually decreased! Unfortunately, climate alarmists don’t really care how damaging their ideology is. People like Al Gore can grow insanely rich off spreading climate lies while impoverishing other people. Indeed, those same fat cats like Al Gore and John Kerry have energy-sucking, palatial estates, and gas-powered private jets. You and I are told to do fewer loads of laundry, take no vacations, use public transport, and live in tiny apartments with spotty solar-powered electricity by the only people who financially benefit from the climate lies and subsidies. As the World Economic Forum would say, you will have no property and no privacy — but don’t expect the elites to give up THEIR lifestyles.

Live as they say, not as they do...