Cap'n Trade

Maybe they need a salty-dog cartoon character to promote Cap'n Trade. After all I ate many boxes of truly disgusting cereal as a kid to get the toy surprise that Cap'n Crunch promised me. It could work.

So far, they are not fooling the WSJ Ed Page. "Don't call it a t--" is the subtitle of An Inconvenient Tax

That didn't take long. The same week that President Obama promised (again) that "95% of working families" would not see their taxes rise by "a single dime," his own budget reveals that taxes will rise for 100% of everyone for the sake of global warming. Ahem.

You don't even have to burrow into yesterday's budget fine print to discover the "climate revenues" section, where the White House discloses that it expects $78.7 billion in new tax revenue in 2012 from its cap-and-trade program. The pot of cash grows to $237 billion through 2014, and at least $646 billion through 2019. If this isn't tax revenue, what is it? Manna from heaven? The offset from Al Gore's carbon footprint?

I'll credit the administration one thing. It is worse than a tax because it has such a strong regulatory component. Cue Cap'n Trade: "It's a tax" "No, it's regulation," replies the Power-Vampire Count Wastefula...

It'd be cute.

Deleterious Anthropogenic Warming of the Globe Posted by John Kranz at February 27, 2009 12:17 PM