Posted on 02/23/2016 8:31:05 AM PST by Sean_Anthony
California Air Resources Board's cap-and-trade program auctions
While the state of California is extracting billions of dollars from businesses and utilities through the California Air Resources Board’s cap-and-trade program auctions, the Legislature can’t decide how to spend the billions.
Instead, lawmakers have been arguing over how to direct the monies into their own districts on some rather dubious projects, and predictably, on public transit and light rail trains.
Gov. Jerry Brown has his own dubious project: He carved out more than $1 billion of cap-and-trade revenue for his unpopular high-speed-train-to-nowhere.
One of the most insidious public agencies this side of 1984.
Extracting the money from the public in the form of a tax, and then not even use it to offset Global Warming. Shameful
Global Warming is a fantasy, so how can they spend money on a fantasy? We've collected the tax to capture unicorns, but we don't have any projects that will actually catch unicorns. Oh well - Might as well spend the money on good old corruption and local politics.
Does this little gravy deal expand every year?
Or is it “capped” ?
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