scfranklin94

Exxon CEO Favors Carbon Tax Over Cap and Trade System

Problem with the carbon tax is that the revenue will probably be spent on things other than alternative energy. Major problem with the Cap & Trade is that bureaucrats set the quotas and hand out pollution credits. If you have to have one, at least with the carbon tax it's easier to match up tax revenue vs. gov't spending on alternative energy. Cap and trade will just lead to more government corruption as politicians jockey to get extra credits for impacted special interests - just like they do in Europe.