California has begun implementing a "cap and trade" environmental protection program, in which companies purchase credits for their greenhouse gas emissions. Good plan?
Screw the planet, I want more money! What happens when the planet is ruined beyond repair? My money will fix it! I'll build a hut out of all the bills and live inside.
Only if those credits are very expensive. otherwise they'll just purchase the right to use cheap and extremely harmful methods of production.
Yeah, and so are the polar bears! Fake!
The grocery industry makes a profit of $.02 on every dollar. Adding the expense of cap and trade will probably cause them to hire less workers. They have been doing that for several years in this state and workers are exhausted trying to do the jobs without the needed help. I think more businesse
That's the point of the cap and trade program is to let companies sell and buy credits
I agree with your statement, however, big business will also weigh the cheaper options of "buy lots and lots of credits" or will it just be cheaper to clean up our act?
It's true that many people in this country that work for a living, including business owners, feel like they're constantly being told to pay for more and more government programs where money goes to people that don't work. They'll only take so much of it before they shut down their businesses.
California is going to make Detroit look good soon.
A lot of businesses operate on thin profit margins. Many are susceptible to small fluctuations in the economy. Many have to really think hard about hiring more people, adding benefits, or expanding. Any new tax makes a difference in these calculations.
@Okie, those CA plates are the smart conservatives running for their lives! I just moved to TX from NJ, so I can attest!
Not having the extra money would prevent them from buying more credits.
It will be interesting to see what RJs opinion is on this.
What would prevent a company from purchasing additional credits, in order to increase emissions? If it benefits the bottom line, why wouldn't any business owner pay more to operate, including these fees? Businesses that decide to stay in this State, and their lawyers, will surely find the 'holes'.
Who is John Galt?
Because its run by Liberals, its economy will suffer. Just like when a state is ran by conservatives it's civil liberties are taken away.
Man made global warming is a hoax.
Voted yes?? I sure hope you don't drive a car, fly, live in a home that needs to be heated or cooled.
Why don't you stop using all of these dirty things?
Then you can donate to good scientific alternatives not false legislation.
We need solutions before we can restrict and eliminate fossil fuels
Be careful what you wish for....
Why does California continue to put agendas in place that are costing jobs?Why are they pushing business &people out of the state?Even more confusing, Why do they ask for an explanation from companies closing it's doors & mass job loss? Seriously? They can't answer that themselves? Obviously Not
Keep the earth cleaner... Really you are just trading fiction credits to pollute more it doesn't hinder pollution it just raises a companies rates
It will pass the cost along or go bankrupt. Democrats don't understand this for some reason. They understand that raising taxes on people hurts, but somehow they don't see that it impacts businesses at all.
If you create a new cost for a business the costs will be passed on to the consumer.
Jonny, it's real hard to increase property taxes because of prop 13, but the other taxes have gone up significantly. Since the government can't target home owners to pay for its ever increasing welfare state, it's turned to attacking businesses instead.
This is an awesome way to gain revenue and keep earth cleaner. Its time for washington to be more like california, and get these dirty oil companies out of our pockets
It will cost businesses more money to operate at existing levels and will cause some of them to leave the state or take other avoidance measures like scaling-back or shifting jobs overseas.
In other news, corporations flee California
I'm amazed at how many California license plates I see in Oklahoma now. Used to not see any, now I count 4-5 each day on the way to work and just as many coming home.
It's great! It will lower CO2 emissions by forcing company's to lower their emissions wile raising revenue for the state.
California is trying really hard to drive businesses away all in the name of democrat utopian ideals. I think they're counting on a federal bailout in the near future. Just keep raising taxes and enhancing give-away programs and soon CA will be a microcosmic Greece.
California will do anything they can to get their hands on your money. Poor democratic state. We should take notes.
This will destroy any coal or natural gas electric plant killing more jobs. Liberals are clueless!
It's just another excuse for a tax. Governments that spend more money than they take in have to either increase the usual means of taxation or think of new and "creative" taxes to levy. This tax will slowly get increased until everyone gets sick if it and then a new "creative" tax will be thought up
As long as they are one of the business getting some of the 99 billion. I am sure they will be fine.
What about the rest? How much environmental protection will actually be achieved.
What's next. California bans cattle cars, coal natural gas kids
We need answers to problems not false regulation
C&T just kicks the can down the road. A failed theory that will ultimately undermine real progress on GHG.
Good for business, bad for environment. Big corporations can just buy a plethora a credits and emit whatever they want? Unless there's a limit to how many credits they can purchase then this isn't that great of an idea. Even then this is an idea that should be more thought through.
It should have been done a long time ago. We have one planet. Destroying it at the cost of "making business easier" is pathetic. Business are a good thing but, being environmentally responsible is too. Any reputable, good business won't have any issue and it protects the planet for our children.
Noble idea for communities and localities to decide individually. Train-wreck when it comes from a state or federal mandate.
California has some of the highest taxes in the country. Somehow all other states manage.
California for the win!
They are going bankrupt because it is so hard to increase taxes there. I highly doubt a tax is going to be what causes California to fail.
Yes great plan, the state is going bankrupt but let's make it much harder and more expensive to do business.
Then all of our major companies will begin moving out of state or country.
It will help allot
(Heavy sarcasm for the dense)