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    CA Finalizes Cap and Trade

    CA Finalizes Cap and Trade

    California’s streak of bad governance is coming to a climax with the finalization of their cap and trade legislation:

    California’s plan to cap greenhouse gas emissions and put a price on carbon is set to take effect on Jan. 1 after the Air Resources Board voted Thursday to make final adjustments in the regulation.

    This “model legislation” will inevitably be flooded with special interests, rake hikes, and more flight from California. (As my boyfriend pointed out, though, it’s still better than a pigovian tax.) For free market solutions to environmental problems, I typically look to Dr. Mark Pennington.

    Between that and the California foie gras ban, I won’t look to the Golden State for investment. Their legislative body is immune to common sense.

    I know we have a few Californians who regularly read this. I’d like to know how the debate has been going locally.

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    Comments



     
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    IrateNate | October 23, 2011 at 5:18 pm

    Too many Democratic voters, aka “too big to fail.” Expect unlimited federal bailouts.


     
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    edgeofthesandbox | October 23, 2011 at 5:35 pm

    I’m in SF Bay Area. It’s a very beautiful state, and food is good. Unfortunately, I wish I could say that things will have to get worse before getting better because I just don’t see how CA will improve. People who have some sort of sense leave. We are left with fanatical liberals and immigrants, legal or not, who will eventually be taken in by La Raza or some other lefty group.


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