IER's Robert Murphy discussing cap and trade's effect on the poor. A new study found cap-and-trade will transfer $14 billion from the lower 80% of Americans into the pockets of the upper 20%.
The full study can be found here: http://tinyurl.com/yggc8yq
("Who Benefits from Free Emission Allowances? An Economic Analysis of the Waxman-Markey Cap-and-Trade Program," by Andrew Chamberlain)
Original air date: October 1, 2009
http://www.instituteforenergyresearch.org
@biantai888 so your for cap and trade?
polevaultrockstr 7 months ago
Laughable political lobbying masquerading as a news report.
biantai888 1 year ago