3 ms·
I'm not sure a poll is needed. The whole point of Cap 'n Trade is to reduce certain kinds of economic activity, as well as provide new securities for Goldman S
by mynameishere 17y ago
I'm not sure a poll is needed. The whole point of Cap 'n Trade is to reduce certain kinds of economic activity, as well as provide new securities for Goldman Sachs to trade. Bankruptcies would not be a side effect.
Job losses are also built in
http://www.washingtontimes.com/news/2009/jul/03/energy-job-losers-could-get-windfall/ http://www.washingtontimes.com/news/2009/jul/03/energy-job-l...
Workers who lose their jobs if the pending climate change legislation becomes law could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits
In other words, all the displaced workers will be put on welfare, presumably to keep them from marching on DC.