Global warming has quickly become one of the most heated issues in America (pun intended). Rising temperatures and melting icebergs are indisputable evidence that the Earth is warming, but is this global heat wave a man-made crisis or just overblown hype?
Carbon cap-and-trade proposals are merely backdoor taxes on energy use. As carbon-emission caps take hold, prices for energy and goods will increase, and some companies will fold. Because the tax is hidden, Congress would likely hold hearings into price-gouging and the villainy of oil companies, while avoiding all blame for the policies they foisted upon the nation. In the end, these policies will hurt the working poor, blue-collar laborers and those on fixed incomes, while doing little or nothing to prevent global warming.
If humans are truly causing global warming and Congress can legislate a solution – and experts have doubts on both counts -- they should be upfront about the costs. One way to be more transparent about the costs of global warming is through carbon taxes. Undoubtedly, they would send the economy into a tailspin; But on the bright side, one sure way to reduce greenhouse gas emissions is to induce a recession, or better, an economic depression.
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