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The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.
Considering the source, we need to multiply that figure by three of four, because they are wanting to pass cap & trade, and this is putting a rosy picture on it to make it appealing.
It is the government's job to take on issues too big for us to take on individually. The environment is one of those issues, as is foreign trade, diplomacy, etc. You are asked to pay for the same reason that you are asked to pay local taxes to support your fire department.
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