The central…one of the central….one of the MANY central flaws in the carbon-dioxide-repression scheme being embraced by Maryland Governor Martin O’Malley (see below) is that a state is in no position to regulate a global phenomenon. People and capital are mobile, and both will flee the onerous regulations and costs that Maryland would impose in its effort to combat a perceived global warming. (Meanwhile, China is said to build a new coal-powered generation facility every week.)
Maryland’s state government already works hard to make the state less inviting to jobs-creating investment. A recent study by Arthur Laffer and Stephen Moore, “Rich States, Poor States,” placed Maryland as 32nd among states in its economic outlook, based largely on its anti-competitive tax structure. And that was BEFORE the increase in the state sales tax and corporate income tax (among others). Does Maryland want to send ALL its manufacturers and electricity consumers to Virginia or Delaware …or overseas?
The Maryland Chamber of Commerce opposes the legislation that O’Malley has now endorsed. The Chamber reports:
Maryland’s man-made GHG emissions comprise approximately 1.5% of the United States’ emissions and a very small percentage of the world’s total emissions. Since GHG emissions disperse globally and Maryland’s emissions are a very small percentage of the total global problem, this issue needs to be addressed on a national level in concert with international efforts.
It is impossible for a small state, such as Maryland to achieve a reduction goal as large as the 25% by 2020, and 90% by 2050 (the strongest mandate in the country). This legislation is counterproductinve, and would make it extremely difficult for businesses to survive. It is probable that if enacted this legislation would force businesses out of Maryland, and possibly out of the United States, which would place an even bigger burden on the state and federal economies, respectfully.
A truly foolhardy proposal.
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