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This argument also assumes there is no Connie Mae institution financing the capitalized savings of energy saving capital spending at subsidized terms (where it may be noted that this financial subsidy could easily be provided by a portion of a carbon fee while still recycling a majority of carbon fee payments as social dividend).
I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
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