Review & Outlook: California's New Green Tax - WSJ.com

Review & Outlook: California's New Green Tax - WSJ.com: "The tragedy is that this economic harm is being inflicted for nothing but environmental symbolism. A single state's policies can't possibly alter the planet's temperature given the huge carbon footprint elsewhere, as even the CARB has acknowledged.

Notwithstanding their bouts of carbon imperialism (see below), even some Europeans are having cap-and-trade second thoughts. "There is a trade-off between climate-change policies and competitiveness," concludes a recent EU commission report. "Europe cannot act alone in an effort to achieve global decarbonization."

But evidently high-minded California—with 2.1 million people already out of work and with the nation's second highest jobless rate at 11.9%—will. The job cost will be paid not in the tony salons of Hollywood but in the working class neighborhoods of Torrance and Fresno."

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