Cap-and-trade is just carbon tax + corporate welfare (existing polluters get to sell their right to pollute) + trading vigs for Wall Street http://gregmankiw.b

Cap-and-trade is just carbon tax + corporate welfare (existing polluters get to sell their right to pollute) + trading vigs for Wall Street http://gregmankiw.blogspot.com/2007/08/fundamental-theorem-of-carbon-taxation.html http://gregmankiw.blogspot.com/2007/08/fundamental-theorem-o...