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California is going broke and this just may do them in.....

Posted by on Nov. 14, 2012 at 9:47 PM
  • 7 Replies

CA Implements Cap and Trade Tomorrow

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Beginning Wednesday, the state of California will implement a “cap and trade” system designed to curb carbon emissions and cripple the state’s economy. Well, actually, it’s just designed to curb carbon emissions. Crippling the state economy is merely a nifty byproduct.

Now the Chamber of Commerce is suing the state, saying that the carbon trading system isn’t really a trading system – it’s a tax, unconstitutional under state law. Of course, they’re correct. The state claims that the cap and trade system, which regulates how much companies can emit unless they pay the state extra cash – sort of like environmental indulgences – is just a big regulatory fee. Except that the state creates the necessity for the auction, and punishes you if you don’t take part. The state is looking to raise some $500 million to $1 billion. Which will pay for the union employees across the state for a few weeks.

About 600 companies fall under cap and trade. Companies will spend millions to comply. And they’ll lay off employees, involuting the economy and destroying the tax base. Well done, Jerry Brown!

by on Nov. 14, 2012 at 9:47 PM
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Replies (1-7):
lylalane7275
by Silver Member on Nov. 14, 2012 at 9:52 PM

What do you Cali ladies think about this?  Also, didn't they just raise the state tax and property taxes?

Carpy
by Platinum Member on Nov. 14, 2012 at 9:53 PM

They get what they deserve.

Fields456
by Bronze Member on Nov. 14, 2012 at 9:54 PM
1 mom liked this
Maybe pelosi should stop spending so much federal money on herself and give back to California
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pvtjokerus
by Gold Member on Nov. 14, 2012 at 10:05 PM

Very doubtful.....she the "privileged one."

Quoting Fields456:

Maybe pelosi should stop spending so much federal money on herself and give back to California


Fields456
by Bronze Member on Nov. 14, 2012 at 10:27 PM
Yes she is! I can't stand her !


Quoting pvtjokerus:

Very doubtful.....she the "privileged one."


Quoting Fields456:

Maybe pelosi should stop spending so much federal money on herself and give back to California



Posted on CafeMom Mobile
DSamuels
by Gold Member on Nov. 14, 2012 at 10:44 PM
4 moms liked this

Now if only everyone would look at what CA is doing, see how it's effecting them and realize it could happen to the entire nation if Obama and the dems have their way. 

JavaMom2one
by on Nov. 15, 2012 at 4:13 AM

Well, I do believe there was fair warning prior to the elections, yes?  Wasn't this a hot topic prior, people warning about the environmental regulations due to roll out under Obama?

My point, it shouldn't come as a big surprise to those sitting in CA, they knew it would come, yet the majority cast their vote in favor of it under another round of four years with the Obama administration.

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