Well, surely not his idea, but, the people who tell him everything
Biden proposes 30% climate change tax on cryptocurrency mining
The White House is trying to persuade Congress to pass a 30% tax on the electricity used in cryptocurrency mining in the next federal budget in order to minimize the nascent industry’s impact on climate change.
“Cryptominers’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country,” the president’s Council of Economic Advisers (CEA) argues in a blog post that will appear on the White House website on Tuesday, to which Yahoo News gained advance access. The post will lay out the case for the Digital Asset Mining Energy (DAME) excise tax, which the CEA writes is an “example of the Administration’s efforts to fight climate change and reduce energy prices.”
“Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate,” the CEA writes in its post. “The DAME tax encourages firms to start taking better account of the harms they impose on society.”
First off, this has no chance of passing as long as Republicans control at least one branch of Congress. Second, this is really just a money grab, as usual. Third, what about a tax on all the environmentally destructive mining for EV batteries, solar panels, and wind turbines? How about a tax directly assessed to Joe Biden for all his fossil fueled travel every weekend to Delaware and Camp David? Has anyone asked him when he’s going to transition his houses to 100% renewables? Neither his Greenville, Delaware nor Rehoboth Beach home have any.
Meanwhile, the NY Times is Very Upset that Google is allowing Wrongthink
Google Promised to Defund Climate Lies, but the Ads Keep Coming
In October 2021, Google promised to stop placing ads alongside content that denied the existence and causes of climate change, so that purveyors of the false claims could no longer make money on its platforms, including YouTube.
And yet if you recently clicked on a YouTube video titled “who is Leonardo DiCaprio,” you might have found a ramble of claims that climate change is a hoax and the world is cooling after a Paramount+ ad for the film “80 for Brady,” starring Lily Tomlin, Jane Fonda, Sally Field and Rita Moreno.
It’s rather funny that the Times, which is protected by the 1st, wants other people’s 1st Amendment protections taken away. And, seriously, who really pays attention to those ads?
