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A View from the Altar / Google now in the tax farming business
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Google now in the tax farming business

Google has made a small (by its standards) investment in wind farms.  The terms of the investment are of interest to you because you’re going to be giving away free money to one America’s richest companies, and you don’t even have a choice about it.  Google’s investment is $38 million in a North Dakota wind farm owned in part by Florida Power and Light.  According to the Google spokesman, this is a “tax equity investment.”  Translation: Google will turn a profit on this when the government gives them some of your money.

At the risk of being tedious, I’m all in favor of wind farms.  Please build one if you like.  But don’t ask me to pay for it.  And while we’re being repetitious, let me remind you that every windmill you plug into the grid drives up cost somewhere.  In this case, the cost of an overpriced green gadget will show up on your tax bill.

otherbrothersteve@gmail.com

2 Comments

  1. William007

    Bro. Steve, I thought it was about time I finally visited you site after all the support you’ve given at mine. Interesting thoughts. Just wondering, what do you think are some good ecological and economical options for energy in our country? Thanks for the insights on the impact of this wind farm our share of wallet.

    Posted on 07-May-10 at 13:01 pm | Permalink
  2. The best long term option for electrical energy is finding a good mix of nuclear, coal, natural gas and hydro. Wind and solar are good for certain niches, but neither is suitable for big baseload power production. Being in the power business, I’d love to see transportation being powered by electricity, but it’s just not practical so far. One of the big “problems” we have is that gasoline is just so darned good for vehicle fuel that battery powered competitors are nowhere close to being competitive on price, performance, range, and convenience for refueling. And thanks for stopping by!

    Posted on 07-May-10 at 21:07 pm | Permalink

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