The Palmetto Insider

The blog of the South Carolina Policy Council

Another Bad Bill Looms: Cap and Trade

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The Kerry-Boxer bill currently in the U.S. Senate calls for reductions by 2050 to 17 percent of the quantity of United States greenhouse gas emissions in 2005.

Interesting. But what does that really mean? What exactly is 17 percent of 2005 emissions levels?

Turns out that figure is about 2.4 tons of CO2 per person.

The last time the U.S. greenhouse gas emissions were 2.4 tons of CO2 per person was more than 100 years ago.

1875, to be precise.

Think of what the technology was like in 1875 to have 2.4 tons of CO2 per person. No cars. No televisions. No air conditioning. And a life expectancy of 49.

In 1875, the per capita income in the U.S. was $3,180.

Is this what Congress wants? To sacrifice all of the economic advancements of the past 125 years?

Any cap and trade tax legislation that goes through Congress will be extremely damaging to the economy.

Read here, here, and here to see how cap and trade will hurt South Carolina

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Written by Geoff Pallay

November 20, 2009 at 9:21 am

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