[dannyboy72a]

Interesting thesis. Worth further examination.

[steveab]

Here's a real life example.
In my heck of the woods, the city will only allow x amount of liquor permits for y population density. If you want one and all the permits have been issued, your SOL.
The other part of CO2 Cap and trade would be like all the liquor permit holders getting together (with the government getting their cut) agreeing to pay the city down the road to remain dry.