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Originally Posted by Danzig
i read another interesting article today about cap and trade. about the amount of money it will cost families, jobs lost, and all to fix a climate change that may or may not even need fixing.
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even if you concede the climate needs fixing this plan is doomed simply because China, India and I'm sure a host of other countries have stated they will not comply. Furthermore the Dems feel any new 'Green' tax placed on imports will possibly cause a trade war so their answer was to drop that from the bill. The much bigger problem directly concerning carbon emissions is that say a steel plant or
refinery here will face new taxes while China & Co. keep trudging along. Sooner rather than later their (U.S. made) advantage will tilt the scales further making imports of say steel and gasoline cheaper and thus more desirable. The American plants close, jobs are lost, collected income and corporate tax goes down meanwhile production abroad increases to meet the need of new (U.S. made) business. Meanwhile China, whose plants are subject to far less regulation, produces the same steel previously produced here, with a far larger carbon output. I would argue environmentally, Cap and Trade would end up w/a net increase in greenhouse gases produced by man. We also get to further depend on foreign companies to refine the oil we already import and are reliant on.
Of course I may be in the minority for thinking Nazi Germany was a far
MORE urgent problem than any threat from climate change but I don't have a Nobel Prize either.
