Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“I have always strenuously supported the right of every man to his own opinion, however different that opinion might be to mine. He who denies another this right makes a slave of himself to his present opinion, because he precludes himself the right of changing it.”     Thomas Paine,    The Age of Reason

May 11, 2009

Cap And Tax

by Brad Warbiany

Coming from Ezra Klein

Via Dave Weigel and Matt Yglesias comes the depressing news that the vast majority of the public doesn’t know what cap and trade” is. And I don’t mean in the sense that they don’t understand the auctions. They have no idea what problem the policy actually refers to.

“Given a choice of three options, just 24 percent of voters can correctly identify the cap-and-trade proposal as something that deals with environmental issues. A slightly higher number (29 percent) believe the proposal has something to do with regulating Wall Street while 17 percent think the term applies to health care reform. A plurality (30 percent) have no idea.”

Sounds like a perfect time to properly articulate it to the American public. And to do this, I’m going to steal borrow an explanation I commonly here on my weekend listening from the Financial Sense News Hour (which I highly recommend you download or subscribe to the podcast — great stuff).

It’s not cap and trade, it’s Cap And Tax. It caps economic growth, and it taxes just about everything.

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