Cap-N-Trade Tax Follies Around The World

Via Hot Air:

Australia's Parliament defeated legislation to set up a greenhouse gas emissions trading system on Wednesday, throwing a central plank of the government's plans to combat global warming into disarray.

The Senate, where Prime Minister Kevin Rudd's government does not hold a majority, rejected his administration's proposal for Australia to become one of the first countries to install a so-called cap-and-trade system to slash the amount of heat-trapping pollution that industries pump into the air.

The 41-33 vote followed a tumultuous debate in which the conservative main opposition party at first agreed to support a version of the government's bill, then dramatically dumped its leader and switched sides after bitter divisions erupted within the party.

Rudd had wanted the legislation passed before he attends next week's U.N. summit on climate change in Copenhagen so he could portray Australia as a world leader on the issue.

Recall that the EU has already experienced the disastrous effects of cap-n-trade after just a few years of using it.  Ask Spain how their green jobs are working out (hint: they're not).  Other countries, like Australia, are killing their own cap-n-trade measures.  Denmark -- ironically, the host country of the upcoming Copenhagen climate change conference -- was just busted for a massive carbon credit scam.

Speaking of which, we can't forget that the entire premise of cap-n-trade is based on an absolute lie and fraud.

So, why are we even considering it ourselves?  This should be the question that we ask our elected reps.  Over and over, very loudly.  Until they wake up and kill it themselves.

There's my two cents.