Anti-capitalists always complain that entrepreneurs exploit loopholes in all those nice laws liberals and progressives pass to help the environment, the baby seals, the rain forests, etc.
You can bet that will happen with California’s Cap and Trade program, which launches in January and is preceded by carbon allowance auctions on Nov. 14. Reported Forbes:
“Governor Jerry Brown’s budget plan, released in January, projected auction revenue of $1 billion in 2012-13. When the cap-and-trade program expands to include transportation fuels in 2015, auction revenue will ratchet upwards.”
There’s going to be a lot of Cap and Trade dough swirling around the state like the smoke from an old-fashioned smokestack from the industrial era. But cautionary tales come from the Third World, where many countries, after decades of socialist indolence, have adopted capitalism and are industrializing at a rapid clip. This is especially relevant as California itself slips into Third World status.
Companies like the Mafia.
these ideas are so stupid it takes no genius to figure out how to game the system. As soon as the libtards start legislating some silliness or other the sharks gather. Pretty soon billions of taxpayer dollars have been ‘eaten’ in a feeding frenzy while the taxpayers themselves gain little or nothing.
Rinse. Repeat.
When you elect ignorant people to political office, you get laws and regulations that are not coherent. Look at Obamacare – Obama, Pelosi, and Reid said: we have to pass the bill to see what is in it. People and companies follow the rules that Congress produces. They sure as heck ain’t going to do something that will hurt them when the rules don’t prohibit that activity. Only Obama blames people and companies for following the rules he helped make! It is really quite ridiculous.