Cap And Tax
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.