The few know what is best for the many.
That’s a big problem with the leftists. They suffer from a delusion that they are smarter and know more than everyone else. The only way to deal with that delusion is to defeat them in elections.
If cap and tax is passed, I have no doubt that American corporations will respond to it by closing hundreds of chemical plants, refineries, and other manufacturing facilities and moving them overseas, mainly to Asia. I would bet that right now dozens of US corporations are making contingency plans for a massive closure and relocation of refineries and manufacturing facilities. Most of these facilities would be moved into Asian countries such as Singapore, South Korea, Malaysia, Taiwan, and China. Some facilities would be moved to Mexico or South America. The end result would be a massive loss of jobs and tax revenue in America and an unemployment rate of at least 15%, even when counting some offsetting gains in alternative energy industries. And ironically there would also be NO reduction in total global CO2 emissions, only a transfer of CO2 emissions from America to other nations. Other countries would just laugh at the dumb Americans who sent their refineries, factories, and jobs overseas to them.
The whole cap and tax concept has the stench of totally unnecessary, unworkable, and economically destructive legislation devised by liberal lawyers in Washington. The only people who would profit from cap and tax are, of course, lawyers and government regulators.