Saturday, February 18, 2017

The Way The New York Governor Thinks When It Comes To Energy -- February 18, 2017

Keep energy prices artificially high:
  • ban fracking
  • ban new pipelines
  • shut down nuclear reactors
  • ban coal
  • "cap-and-trade"
  • over-regulate the energy sector
Help the poor pay for artificially high-cost energy:
  • expand subsidies for the poor using other people's money
Article here.

Whatever.

Back of the envelope (all assumptions except for one or two data points; use your own numbers if you want):
  • population of NY state (2015): 20 million (wiki)
  • 20 million / 1.5 people per household (assumption)
  • 13 million households (calculator)
  • Assume: 35% of households do not pay state taxes (another assumption) (after posting this, I thought it would be fun to google this -- result at this link; but I learned something new: New York City has an income tax, also; no wonder none of the San Antonio Spurs want to play for the New York Knicks)
  • 0.65 x 13 = 9 million tax-paying households (calculator)
  • total program benefits: $260 million (linked article)
  • amounts to $30/year/household -- the upper income will pay a great share (calculator)
  • so, we're talking about $12/year for an "average" household to pay for this program (comment)
  • doesn't amount to a hill of beans and it keeps the folks with pitchforks off your doorstep (comment)

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