- Illinois has lost 157,000 residents to other states in the past five years.
- Over this period the state raised tax rates on just about every possible tax on the books.
- It has lost residents for five straight years with the rate of loss accelerating every year.
- Just in 2018 alone the state lost 45,000 residents.
- On average, an Illinois resident leaves the state every 4.6 minutes.
- As residents leave, fewer and fewer kids are born to in state adults, resulting in a long term trend of fewer and fewer citizens.
- In fact, according to the Illinois Policy Institute, “Since 2011, Illinois has seen an 8.8 percent decline in births. That’s the fourth-worst slide in the nation and more than twice as severe a decline as the average state. Births still outpace deaths. But the margin is getting smaller every year.”
- The number one reason for leaving is high taxes, according to a poll where half of those polled said they wanted to leave the state in 2018, and their number one reason for wanting to leave is high taxation rates.
- Given that the state government has one of the worst pension problems, a declining population level means fewer and fewer taxpayers to pay more and more to support retiring state employees and bigger and bigger pension liabilities.
- To put the problem in perspective, losing 157,000 residents is equivalent to having the fifth, fourth, or third largest city in the state vanishing.
- The Boston Clean Air Task Force estimates that for California to reach just 80% of its energy from renewable energy sources, 9.6 terawatts hours of electrical storage would be required.
- Using today’s technology, 9.6 terawatt hours of storage would require the installation of 500 million Tesla Powerwall electricity storage units.
- These Tesla units cost $6,000 which means that 500 million of them would cost $3 TRILLION, a cost that does not include installation costs and maintenance.
- This cost would average out to about $75,000 per Californian, i.e. the cost of such a project would cost over a quarter million dollars for a family of 4 in the state.
- Even if the cost eventually came down 80%, the cost per resident would still be $15,000 each not including installation and maintenance costs.
- As a side note, where would one put 500 million storage units, that is a a lot of land that would be needed, an additional major cost.
- Thus, a California family of four would be on the hook for about $60,000 if the cost of this law’s impacts could be reduced by 80%, more than $60,000 if the cost did not come down that much.
- If the above California numbers are right and California has about one eighth of all U.S. citizens, then the cost of making the entire country’s energy come from renewables would be about eight times the California cost or $24 TRILLION.
- This cost does not include the cost of installing renewable energy sources for the entire country, maintaining those energy sources over time, the environmental cost of massive new mining, manufacturing, and transportation of raw materials and finished products, the cost of millions and millions of birds being killed by massive numbers of new windmills, the economic cost and environment cost of covering untold millions of acres of land in solar panels, etc.
- And most importantly the lost economic opportunities for America with little impact on the environment.
- While the taxation on Americans would sky rocket for such folly, the rest of the world would continue to pollute and throw carbon into the air.
- We have previously discussed how China and India alone have plans for over 2,500 coal burning plants under construction or planned.
- We have already discussed the reality that less than ten countries have met their Paris Climate Agreement targets of carbon reduction. So folks like Ocasio-Cortez would throw a $24 TRILLION cost burden on Americans with little or no impact on climate change. Pure insanity.
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