It's still brilliantly more efficient and elegant. Plenty of other goods and services are taxed that face this same problem. Cap and Trade has provided subsidi

It's still brilliantly more efficient and elegant. Plenty of other goods and services are taxed that face this same problem. Cap and Trade has provided subsidies and rewarded some of the biggest polluters. There's a very strong, fair and efficient case to be made for it. It would do a lot to reduce GHG emissions and raise tax revenue in a more socially just way (better than taxing jobs). Further reading: http://belfercenter.ksg.harvard.edu/publication/19499/gores_carbon_tax_shift_beats_capandtrade.html http://belfercenter.ksg.harvard.edu/publication/19499/gores_... http://economix.blogs.nytimes.com/2009/08/10/a-rorschach-on-cap-and-trade/ http://economix.blogs.nytimes.com/2009/08/10/a-rorschach-on-...