Confused about Cap and Trade.

Discussion in 'Economics' started by noob_trad3r, Jun 29, 2009.

  1. How is this a positive for the US. It seems like Cap and Trade is a punitive tax/punishment on the US but it is not a global regulation.

    Wont Cap and Trade make sense if it was a Global law and all countries have to follow this. If only the US will be forced to do this wont companies just offshore more jobs to countries like China that follow no environmental or labor laws? Aint that one of the biggest reasons why so much work ended up in china,india etc..

    Why not make Cap and trade a tax on imports as well then?