California approves first US cap and trade scheme

California approves first US cap and trade scheme

www.guardian.co.uk

California regulators yesterday approved the first system in the United States to give polluting companies such as utilities and refineries financial incentives to emit fewer greenhouse gases.

The Air Resources Board voted 9-1 to pass the key piece of California's 2006 climate law – called AB32 – with the hope that other states will follow the lead of the world's eighth largest economy. State officials are also discussing plans to link the new system with similar schemes that are underway or being planned in Canada, Europe and Asia.

(visit the link for the full news article)

And so it begins. Phony climate change and air quality taxation.

As if Cali didn't ALREADY have steep enough taxes.

I guess if you can't ram through taxes on air at the national and international level, then the state level is a start for our completely out of control leaders.

Instead of changing fiscal irresponsibilities and ridiculous overspending on worthless enterprises, let's just add more taxes to those still lucky enough to have a job in this deteriorating state!

You can bet that this is only the beginning. A proverbial foot in the door.

Yet another reason to leave, or stay away from the ridiculously overtaxed and expensive 'golden' state.

www.guardian.co.uk
(visit the link for the full news article)

reply to post by DimensionalDetective


That's totally understandable..
Cali needs the TAX more than anyone..
And that's all it is, a new TAX....

reply to post by DimensionalDetective


Is Arnold trying to implode an already bankrupt State?

- Most wealthy Californians now have their "official residence" (place where you pay your taxes) outside of the State, specially in New Mexico...
- After his last tax increase, business started leaving the State, or relocating branches, in mass.

Now, with this? He won't get more taxes, he will just exploit the poor, the one's that have nowhere else to go, and can't afford fancy lawyers. As for attracting new business, to the State, forget it...those that haven't already outsourced, are going to, after this madness.

Maybe PR China will bail them out, this time...then again, Chinese are not stupid...

endoftheamericandream.com...