A Quote by Peter R. Orszag
If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits would increase by approximately the value of the permits.
Related Quotes
We need a firm cap on carbon emissions from fossil fuels. No coal, oil, or gas could enter the economy until the buyer had a permit. All permits would be auctioned by the federal government, and the number of permits auctioned would be decreased by three percent per year. Permits could be traded, but they could not be created out of whole cloth by companies that plant forests or dump iron filings at sea.
The industrialization of China alone would increase by 90 percent the concentration of CO2 in our atmosphere and would at least increase the atmospheric CO2 by at least another 100 parts per million.
It has been estimated that even in the absence of net investment, the mere substitution of modern machinery for worn-out equipment in the United States would cause an annual productivity increase of approximately 1.5 percent.
God forbid that the United Kingdom should take a lead and introduce a sensible tax system of its own which would probably comprise a very low level of corporation tax - tax on corporate profits - and perhaps a low level of corporate sales tax, because sales are where they are, and sales in this country are sales here, which we can tax here.
Our ACE proposal will reduce CO2 approximately the same levels that the Clean Power Plan would have, if it had been implemented. And we're reducing CO2 from our CAFE standards.
If deliberate distortion of reality by corporate media could be effectively prosecuted in the United States, the entire industry would be behind bars.
When you create an economy where you subsidize corporate profits through a welfare program and food stamps in order to keep wages low in some perverse pursuit of 'competiveness,' than you reap the fruits of the anger that you sow.
Today, the United States is No. 1 in corporate profits, No. 1 in CEO salaries, No. 1 in childhood poverty and No. 1 in income and wealth inequality in the industrialized world.
We are the necessary element since we expend nothing. Management can create its own capital -- the profits. Its business would grow and profits increase. Labor would prosper as well, while the price of the product would remain constant, the prosperity of industry, labor and management would continually increase. We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less.
The presence of the blacks is the greatest evil that threatens the United States. They increase, in the Gulf States, faster than do the whites. They cannot be kept for ever in slavery, since the tendencies of the modern world run strongly the other way. They cannot be absorbed into the white population, for the whites will not intermarry with them, not even in the North where they have been free for two generations. Once freed, they would be more dangerous than now, because they would not long submit to be debarred from political rights. A terrible struggle would ensue.
One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.
I think that if a United States of Europe were to be formed, it would be in our interests to fight for it, as all our old traditions would remain in such a united Europe, whereas if we were to start now as part of the Russian Empire, everything that had ever been in Germany would disappear.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
The question, 'How can you believe in a God who permits suffering on this scale?' is therefore very much around at the moment, and it would be surprising if it weren't - indeed it would be wrong if it weren't.
Far too many well-connected businesses are feeding at the federal trough. By addressing corporate welfare as well as other forms of welfare, we would add a whole new level of understanding to the notion of entitlement reform.
My failed corporate career became the fodder for the 'Dilbert' comic. Once it became clear I would not be climbing any higher on the corporate ladder, it freed me to mock managers without worrying that it would stall my career. Most failures create some sort of unplanned freedom. I took full advantage of mine.
