Ben Shapiro
Breitbart.com
Big Government
13 Nov 2012
Beginning Wednesday, the state of California will implement a “cap and trade” system designed to curb carbon emissions and cripple the state’s economy. Well, actually, it’s just designed to curb carbon emissions. Crippling the state economy is merely a nifty byproduct.
Now the Chamber of Commerce is suing the state, saying that the carbon trading system isn’t really a trading system – it’s a tax, unconstitutional under state law. Of course, they’re correct. The state claims that the cap and trade system, which regulates how much companies can emit unless they pay the state extra cash – sort of like environmental indulgences – is just a big regulatory fee. Except that the state creates the necessity for the auction, and punishes you if you don’t take part. The state is looking to raise some $500 million to $1 billion. Which will pay for the union employees across the state for a few weeks.
About 600 companies fall under cap and trade. Companies will spend millions to comply. And they’ll lay off employees, involuting the economy and destroying the tax base. Well done, Jerry Brown!
Related: Jerry Brown’s scorn for wealth creators
California was once a trend-setting state.
Today, however, it seems only to cling to ideas long since proved worthless. Businesses are fleeing the state. Storefronts on once bustling commercial thoroughfares sit vacant for want of retail tenants. The unemployment rate remains above 10%.
And our governor doesn’t seem to have much respect for those who build enterprises and create jobs…
Update 2: Companies Bid Farewell to California
Update 3: Grover Norquist Abruptly Reverses Pro-Carbon Tax Position
