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May 22, 2013
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 Capsize and TradePosted on Mar 26, 2010
Cap and trade was all the rage back in 2009, with the market-driven system of curbing emissions seen as a dominant force in addressing global warming problems. Now the concept has seemingly fallen out of favor. For years, many on the left have criticized cap and trade as just a way for corporations to fake offsets and do little to curb the root causes of environmental degradation. Yet government officials seem to be listening only to right-wing, tea-party protesters, who have effectively labeled cap and trade as “cap and tax” as they rail against any kind of climate change plan—shunning even an admission of climate change’s existence. Now, a bipartisan bill—led by Sens. Lindsay Graham, John Kerry and Joe Lieberman—is likely to be introduced in April with no mention of the cap and trade scheme. —JCL
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By notexactlyhuman, April 4, 2010 at 5:30 pm Link to this comment
Workers know all too well that shareholders and
Report thisexecutives aren’t about to take a hit in the wallet for
any additional expenses a corporation incurs. Workers
know the best way for a corporation to shed expense is
by shedding workers. Cap and tax will cost in campaign
contributions, jobs, and votes, thus we are as always
paralyzed within the corporate whirlwind.
By B. Carfree, March 27, 2010 at 12:14 pm Link to this comment
Further in the article cap and dividend is mentioned as an alternative to cap and trade. While I would much prefer a quota system (which could be implemented immediately for grid power and liquid fuels, with consumer products added later), cap and dividend at least allows the people who are treading lightly upon our wounded planet to escape the “tax”. In fact, those of us who are not piggishly using up all the planet’s resources would stand to be paid slightly for not doing so.
Report thisWhatever we do it is clearly imperative that we dramatically reduce our emissions of greenhouse gasses and stop importing crap from Asia. Unfortunately, Americans are so poorly educated in the sciences and so narcissistic that doing something to prevent an imminent catastrophe is next to impossible. Pass the bread, I’m off to the circus.
By Bat Guano, March 26, 2010 at 6:02 pm Link to this comment
(Unregistered commenter)
Cap and Tax is dead. Goldman Sachs has jumped off the bandwagon and since they run the government no matter which party is feeding first at the trough, its over.
Report thisBy Hulk2008, March 26, 2010 at 4:24 pm Link to this comment
A bi-partisan bill - as John Macenroe would say “You cannot be serious !”
Imagine Congress actually generating something productive !!
The Tea Partiers and the Republican leadership are sure to kill it off.
Report thisBy Miko, March 26, 2010 at 2:35 pm Link to this comment
(Unregistered commenter)
Cap-and-trade establishes fake property rights, which
Report thisis always a bad thing. (In particular, with many low-
income people paying more than 50% of their income in
rent, we can see how poorly it worked out with regard
to establishing property rights in land). A free
market deals only with real property rights (since,
absent government coercion, all fake property rights
are unenforceable) and so cap-and-trade is most
definitely not a free market solution.