whatyareckon

Government-mandated subsidies for wind and solar represent the greatest wealth transfer since England’s ‘Bad’ King John sought to tax himself to ultimate power and his enemies out of existence. His description as “avaricious, miserly, extortionate and moneyminded” applies with equal force to today’s crony capitalist kings – the renewable energy rent seekers.

Had King John known of mandated renewable energy targets, extortionate taxpayer funded subsidies, production tax credits, renewable energy certificates, etc, he would have, no doubt, taken delight in applying them to his fiscal advantage. His Reign ended with his death in 1216, with economic chaos, poverty and disease stalking the land.

That was then. This is now. But, for the poor, times haven’t changed all that much, in relative terms.

Greed and avarice are still the driving force behind the extortionate transfer of wealth from power consumers and taxpayers to wind and solar outfits, all by government diktat and…