The most preposterous thing about a carbon tax, which California is in the process of implementing under the guise of a cap-and-trade program and which some other states are now considering, is the pretense that it will curb carbon emissions.
This notion — the idea that states can save the planet from getting too hot — is great soap opera, but it is just a way to bring more revenue to state governments regardless of its stated intent.
Whether it’s called cap-and-trade or a carbon tax, California is now stuck with a fee on the carbon content of fuels. It’s the first of its kind in the United States, but environmental groups are urging other states to do the same. Read more