The Cost of ‘Cap and Trade’

by Crocker on April 8, 2009, 7:01 am

in Economics,Energy,Environment,Politics

So-called ‘cap and trade’ legislation is currently on the Congressional plate and with it the U.S. economy. It’s a solution in search of a problem. As the evidence increasingly suggests, man-made global warming is a bunch of hooey without foundation in science and attempts to counter it nothing more than a thinly-disguised power grab.

And that’s precisely what ‘cap and trade’ is going to be: a naked tax and control scheme involving the entire U.S. economy. The Heritage Foundation has prepared some good graphics to illustrate the costs of this monstrosity both to the country and to individual households. Here’s but one that describes the direct tax on every household:

But as I previously observed (A Travesty of Science and The Theology of Carbon), environmentalism in general and man-made global warming in particular is not based in science but is more akin to a religious cult that adheres to a weird inversion of the Genesis story of creation. However, in the environmentalist version of Genesis, it’s not the serpent that introduces the possibility of sin into the garden, but mankind. Under this telling of the story, humanity is the problem.

And if humanity is an invasive species in the pristine garden, then we must be controlled, reduced and eventually eradicated. Sort of like Milfoil in a New England pond.

One last note: the full name of the cap and trade bill is the ‘Lieberman-Warner Climate Security Act of 2007′ (S.2191). It does my heart good to know that this piece of idiocy is completely bipartisan.

Previous post:

Next post: