Day By Day

Friday, June 01, 2012

There's money in the air

If there's one thing that the OC wants everyone to take from this blog, it's "Follow the Money".  Because, when you strip away all the lofty words and emotional rhetoric, it all comes down to.....tada....money.

For as much as Congress and the DC establishment are pros at this, few hold a candle to the statist bureaucrats of the European Union.  Not content just to exert control over Europe, they want the tentacles to extend over America.  From Breitbart:
The European Union has established an Emissions Trading Scheme, which taxes all airlines including American carriers on carbon emissions, even while they are flying over the United States.

Yes, you read that correctly.  If a plane takes off in San Diego, California and lands in Madrid, Spain, an American airline would be taxed by the Europeans on its carbon emissions for the entire flight, even though the bulk of the flight occurred over the United States and the Atlantic Ocean.  Their rational?  It landed in Europe.

Read the whole story.

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