Ok, I don't usually wade into the entire "global warming" schism on this board, preferring to write about it on Musings instead.
But this is going to hit the economy, and as such I'm compelled to do so.
You have to be living under a rock to not know that The House passed an "energy bill" late Friday that includes what amounts to a carbon tax via so-called "cap and trade."
Let's first define what this is - "Cap and Trade" is a taxation system when what you do (commercially) that causes carbon dioxide to be emitted into the atmosphere is subject to tax, as a disincentive to do so.
The justification for this, as Krugman (and others) claim, is:
And as I watched the deniers make their arguments, I couldn’t help thinking that I was watching a form of treason — treason against the planet.
To fully appreciate the irresponsibility and immorality of climate-change denial, you need to know about the grim turn taken by the latest climate research.
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