Cap & Trade
 

I posted this in the healthcare thread but assuming some folks have decided to ignore that one I post it here.

This is to important to overlook and while the vast majority of the nation is being wowed by Barrys new TV show this bill is being voted on in two days.

The bill is basically a tax on 'emissions' and promoted by the global warming crowd.

In this economy this is exactly what we need. More tax burdon.

http://online.wsj.com/article/SB123655590609066021.html

Con - Waxman-Markey doesn't really do an awful lot.

Pro - The symbolic nautre of the bill helps to work against China and India's argument that if the US isn't doing anything about climate change, then they don't have to.


Funny how climate change makes recessionary concerns kind of moot. It will cost money to change the way we live and work to ensure sustainability.

It will cost more money to do nothing.

http://web.mit.edu/newsoffice/2009/roulette-0519.html

China is exempt :03:

Thats the biggest bunch of BS I have ever seen.

I think you need to reword your last sentence - It will cost absolutely nothing to no do anything. There. Fixed it for you.

-S

http://i122.photobucket.com/albums/o...lewis-fig1.gif


I think I'm gonna go with Subman on this one. It will cost more to do something than to do nothing, and worse, it will be for nothing.

That said, I actually like the idea of an effluent tax. Not cap-in-trade itself, but an effluent tax that is applied on a firm by firm basis. Milton Friedman championed that idea five decades ago. The catch is that the effluent tax should really be the only tax that industry pays. As the author of Subman's article points out, additional taxes just get passed on to workers and consumers, up to a point. Once tax overhead can no longer be passed to consumers without sacrificing marketability or workers without sacrificing competent labor, it attacks profit and then operating funds. Of course by that point any sane company will have packed up shop and moved elsewhere, which is what they have been doing for three decades now, and will continue to do if cap in trade is passed.

Whatever the case, I think American has gotten ramrodded by Congress enough. Now we are getting ramrodded with this.

You have spotted the second torpedo! Obama has everybody distracted with healthcare, and aren't they voting on this today?:stare:

She wants it done before their 4th of July break but I understand she is ramrodding this for a Friday vote.

Smoke and mirrors. Welcome to the new old DC:down: The change we can believe in. America has been hoodwinked.:nope:

Obama.... you sir are an idiot.

i have said it before and ill say it again... "America... for sale one piece at a time"

your government has failed you America... what do you intend to do about it?

Answer:

lay there and take it like a plastic f*ck doll :nope:

Today is your last chance to call your representative and tell him how you feel about this bill. Either way I dont care just take the time to call.

The good news is that it is only the house voting on this today it will still have to pass in the senate. But if the house denys it they will have to go back to the drawing board.

Deja Vue
 

http://www.politico.com/news/stories/0609/24232.html

All those companies who are so called sum polluters will be passing the cost onto the consumer. Make no mistake about it.