CO2 Cap and Trade, The New Resressive Tax

http://online.wsj.com/article/SB123655590609066021.html

I just found this interesting article about the proposed cap and trade for CO2 emissions.

The whole thing disgusts me.

It's not about saving the environment; its about increasing taxes on the people who can least afford to pay them. Say they do this cap and trade thing and the electric company has to pay for the CO2 they make. It's an added cost to the business, but they'll just pass that cost on to customers, and higher electric bills will hurt the poor most of all.

Different geographic areas will pay more tax than others. If your electric company uses coal to produce electricity, you will pay more for electricity under cap and trade. This is extremely biased against the residents of Ohio, Indiana, Missouri, New Mexico, Pennsylvania, West Virginia and Wyoming, the states with the most electricity from coal.

This isn't just about your electric bill though, the cost of pretty much everything would go up. CO2 is made by the vehicles getting things to the stores, and by other manufacturing processes.

All this talk is not about CO2 harming the environment. Many plants like increased CO2, and grow faster in that environment http://wattsupwiththat.com/2009/02/09/high-co2-boosts-plant-respiration-potentially-affecting-climate-and-crops/

It is about finding something to tax, because the rich and powerful don't want to pay their fair share. This is just another way to hurt the little guy.