I have often complained that the trick to global warming is is for government to collect the fees and pass them on to public sector unions so they can burn more gas. Mish is on the case about how this works.
In my city, Fresno, if you do not support our garbage men pumping CO2 at curbside three times a week, then they arrest you and public sector union members tag you and stalk you. All the neighbors dutifully put our their cans, 1/3 full and dropping, for the government CO2 polluters to do their duty. It is flat rate, is is more than we need, it does not adapt to demand and is a terrible waste.
Yglesias and Pelosi know this, but they plan to trade more CO2 pollution fees for subsidies to their favorite socialist groups. It won't work, oil is in short supply, and there is not enough oil for Pelosi to succeed with her pollution ambitions.
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