3 Responses
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Ethan Shepard November 25, 2007 at 9:34 am
That is exactly why I linked the article. I should have - and may yet - note that this opportunity recruits a lot of opportunistic advocates - notable even in Vermont with the VPIRG etc. Couple this with Al Gore now being a partner in a big venture capital firm (investing in “green tech” carbon trading companies…) and it’s obvious what’s really going on. There is a tremendous amount of money to fleece from the little people by the organized climate alarmists - making great fodder for the media and working its way up to the big money boys.
Cap and trade looks like an unprecedented opportunity for insiders and manipulators to make obscene amounts of money without contributing anything of value to solve the problem. And what happens if I want to start a new industry producing, say, solar panels? Do I have to buy carbon credits from someone who got them for free? Talk about stifling innovation.
Some time back New York City limited the number of bar licenses, ostensibly to cut down on drinking. Of course, that plan could not have worked, but it did add $250,000 or so to the value of any existing establishment.