California’s streak of bad governance is coming to a climax with the finalization of their cap and trade legislation:
California’s plan to cap greenhouse gas emissions and put a price on carbon is set to take effect on Jan. 1 after the Air Resources Board voted Thursday to make final adjustments in the regulation.
This “model legislation” will inevitably be flooded with special interests, rake hikes, and more flight from California. (As my boyfriend pointed out, though, it’s still better than a pigovian tax.) For free market solutions to environmental problems, I typically look to Dr. Mark Pennington.
Between that and the California foie gras ban, I won’t look to the Golden State for investment. Their legislative body is immune to common sense.
I know we have a few Californians who regularly read this. I’d like to know how the debate has been going locally.