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almost all of the benefits from wind turbines in the initial 10 years go to the wealthiest of the wealthy - really rich people and corporations with passive income, and who would otherwise have to pay large amounts of taxes.

This is simply not correct. People (or, more usually, corporations) with large tax liabilities are needed in the scheme, so that someone can deduct the PTC from an existing tax bill, but these tax investors then pass on most of the gain back to the wind project, and only keep a small fee for having made their balance sheet available.

The subsidy does go to the wind project.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jan 20th, 2008 at 05:48:28 AM EST
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