Cap-and-trade creates absurd, perverse incentives – so let's hide them.

You could say this is the ninth or tenth red-flag to go up, warning of the perverse incentives created by President Obama's cap-and-trade program: 

Agriculture Secretary Tom Vilsack has ordered his staff to revise a computerized forecasting model that showed that climate legislation supported by President Obama would make planting trees more lucrative than producing food…

[T]he economic forecast predicts that nearly 80 percent of [carbon] offsets would be earned through the planting of trees, mostly in the Midwest, the South and the Plains states. The American Farm Bureau Federation and some farm-state Republican lawmakers have complained that the offsets program would push landowners to plant trees and terminate their leases with farmers.

Why do all of the work and spend all of the money involved in agriculture when you can just plant trees and make more money?

American agriculture is already riddled with subsidies and perverse incentives designed to enrich agribusiness. Instead of working to eliminate them, President Obama prefers to manipulate the economic model, change the facts to suit his policy, and create yet another subsidy and another perverse incentive.

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Riders should expect big changes when Muni rail returns in August

Reconfigured routes will mean fewer, longer trains through tunnel

New audio of couple calling police on SF man bolsters racial bias claims, supe says

Pacific Heights incident spurred CAREN Act to outlaw discriminatory reports to police

SFUSD students may start the school year at home

Staff report recommends starting with distance learning in the fall, transitioning to hybrid model

Universities fight new immigration restrictions on international students in court

Local colleges are scrambling to keep international students in the country as… Continue reading

SF library plans to reopen with pickup and drop-off services

Since March, all 28 library locations in San Francisco have been closed… Continue reading

Most Read