Downsize DC's minarchist proposal:
Even if you accept that human CO2 emissions are causing problematic global warming, a government run "cap and trade" system is not the way to deal with this problem. There is a better way. Here are some points to consider . . .
•Fossil fuels create massive amounts of air pollution, quite apart from CO2.
•This pollution causes health problems, none of which are reflected in the price of fossil fuels.
•Fossil fuels enjoy a "free ride" in terms of pollution costs that make it hard for alternative sources of energy to compete.
•Air pollution is a form of trespass, and a case can certainly be made that dealing with such trespasses is a legitimate function of government.
The federal government could do this by . . .
•Taxing fossil fuels
•Cutting other taxes so that your overall financial burden would remain unchanged
Your energy costs would rise, but your taxes would fall by an equal amount. Doing this would . . .
•Eliminate the justification for a "cap and trade" boondoggle
•Make fossil fuels reflect more of their true costs
•Provide an incentive for everyone to reduce their use of fossil fuels
•Make other sources of energy cost competitive
•Limit the financial impact on you and the economy
•Help reduce air pollution, including CO2 emissions
Thoughts? This would still be compatible with less government if it were to replace, say, the monstrous income tax (and all the boondoggles it funds).