Yesterday, First Solar (FSLR) announced that it had sold its interests in a big solar project called Topaz. The buyer was MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway.How about a 2% wealth tax for those who have net worths above $25 million?
-PGE gets a long-term supply of alternative energy that allows them to grow for a few more decades.
-First Solar gets out of a huge headache. It gets get to sell solar panels to Topaz.
-The citizens of California that will use this power will get nothing. They will continue to pay the highest rates for electricity in the country.
-The US tax payers foot the bill for another $600 - $700mm. That's the "Vig" for Warren. Those taxpayers also get nothing in return.
Monday, December 12, 2011
The real reason why Warren Buffett wants to raise income tax rates
To fund his enormous special tax deals: