Here in Washington, people are learning that taxing corporations does have consequences for ordinary consumers. Our new cap and trade rules are contributing to Washington's relatively high gas prices. oil companies pass the costs on to consumers.
Still, Washington gas prices are a bargain compared to Canada where taxes raise the price. Here in Whatcom County, we still see many Canadians come south of the border to fill up.
I still follow the news even though I don't drive.
Yes energy taxes, whether hidden by cap and trade or seen at the pump, are regressive, but most energy consumption is done by the millions and millions of rank and file consumers. The super wealthy and corporations are like the maestros leading the orchestra.
My article in Betty Pages about Cap and Trade, Carbon Taxes and Climate Change.