Cap and Trade Is Being Imposed Anyway

The idea behind Cap and Trade is to cut down on carbon emission pollution, the type from using fossil fuels. Politicians in charge get to designate which industries get what quotas for emissions with which they can befoul the air.

The political purpose?  There are fees involved and penalties. That’s where the hidden taxation arises, and accumulates as a giant tax gimmick that directly and indirectly hits industry and the consumer. The answer to any entrenched politician’s dream.

The Chinese and India want nothing to do with it because it destroys economies. New Zealand tried it for a couple of years and quit. The Australians put it on hold after some sober thought. Yet, the administration appears ready for the fiasco.

Legislative enactment is highly unlikely, so the administration is enhancing the provision its own way, through the Environmental Protection Agency action, literally behind the public’s backs.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)