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View Diary: To solve the climate change problem, end the class divide (50 comments)

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  •  Take a look at the documents I've referenced (0+ / 0-)

    Then ask yourself, "why cap and trade, and not some other strategy?"

    "The greatest purveyor of violence in the world today -- my own government." -- Martin Luther King Jr.

    by Cassiodorus on Sun Dec 13, 2009 at 10:58:35 AM PST

    [ Parent ]

    •  Actually ... (1+ / 0-)
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      am well aware of these (and others) commentaries re cap & trade.

      My comment was not, especially as currently being structured, an endorsement of Cap & Trade.  It was, however, pointing out that it is not the "approach' that is fundamentally flawed, but the proposed execution path.  Consider the US tax code. Do you not worry that a carbon tax would not also have lots of loopholes and games.

      Now, I am on the record supporting a base fee (functionally equivalent of a tax0 and then allowing trading within a ban in terms of pollution permits within an overall cap.

      A "fee" or "tax" does not provide 'certainty' on total emissions (or at least max emissions). A "cap" doesn't provide fiscal certainty.  

      Challenge is how to find path to using best of both. Our political system likely to drive US to worst of both.

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