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Do you agree with the Cap and Trade law?

As you know, President Obama is for the Cap and Trade and it will be coming before Congress to be enacted into law. This will affect many of us here in the USA. Not just on the coal mining industry but also on the makers of machinery such as Caterpillar, truck drivers that transport coal, trains that transport coal, coal fired power plants, and electric companies and their consumers. We already are struggling with monthly bills. Do we need higher rates right now on electric? And, how about the people this will affect in their day to day lives with work? What do you think of this law?

Answer Question
 
foreverb3

Asked by foreverb3 at 7:14 PM on Apr. 9, 2009 in Politics & Current Events

Level 15 (2,221 Credits)
Answers (17)
  • Just one more thing that will do the most damage to those least able to afford it.
    NotPanicking

    Answer by NotPanicking at 7:17 PM on Apr. 9, 2009

  • Are they going to fork the bill? Oh, whats that? No? Figures. If it doesnt affect them- what do they care.... >.<

    BEXi

    Answer by BEXi at 7:19 PM on Apr. 9, 2009

  • Emissions trading (or emission trading) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. It is sometimes called cap and trade.A central authority (usually a government or international body) sets a limit or cap on the amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of allowances (or credits) which represent the right to emit a specific amount. The total amount of allowances and credits cannot exceed the cap, limiting total emissions to that level. Companies that need to increase their emission allowance must buy credits from those who pollute less. The transfer of allowances is referred to as a trade. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions by more than
    ozarkgirl3

    Answer by ozarkgirl3 at 7:20 PM on Apr. 9, 2009

  • than was needed. Thus, in theory, those that can easily reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest possible cost to society.[1]


    Intresting...I have to think on this more...In theory it sounds good.
    ozarkgirl3

    Answer by ozarkgirl3 at 7:20 PM on Apr. 9, 2009

  • I live in a coal state and also have friends in other areas affected by coal and its production and use. This will cause companies that have to make changes that they cannot afford to layoff or stop production. It sounds good in theory but theories don't always work and as far as I know there is no solid proof that this will do nothing more then create more havoc at a time when we don';t need it.
    Anonymous

    Answer by Anonymous at 7:26 PM on Apr. 9, 2009

  • In theory it sounds good.

    In reality - those buying will pass the cost on to the consumer, and those selling will not bother to reduce their rates.
    NotPanicking

    Answer by NotPanicking at 7:28 PM on Apr. 9, 2009

  • NotPanicking-----I agree. It will fall on the consumer and the working man that depends on his or her job.
    foreverb3

    Answer by foreverb3 at 7:37 PM on Apr. 9, 2009

  • Just one more thing that will do the most damage to those least able to afford it.

    I completely agree with this. It will hit the lower and middle classes the hardest. You know, the one's O promised to help. I don't know why we aren't looking at this as a new tax as well. All of the complaining about the hike in cigarette taxes, but this one is going to hurt way worse than the smoker's tax.
    QuinnMae

    Answer by QuinnMae at 7:56 PM on Apr. 9, 2009

  • The biggest offenders, China and Russia, will NOT be participating in cap & trade.

    What new government entitty will determine emission credits? Another segment rife for corruption. I mean, the FDA works so well.......

    360

    Answer by 360 at 8:18 PM on Apr. 9, 2009

  • THIS PRESIDENT HAS BEEN IN OFFICE 4 MONTHS AND HIS HANDS ARE IN EVERY ASPECT OF OUR POCKETS. AND WHEN I THINK THAT THINGS COULD NOT GET WORSE---WELL SHUT MY MOUTH---IT DOES........HAPPY TO SEE LINDA, BACK IN THE POLITICAL GROVE.....
    yiayiaann

    Answer by yiayiaann at 8:30 PM on Apr. 9, 2009

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