[NormsRevenge]

MoonBeam would never lead folks down a primrose patch to the alligator pond? now would he?

[Still Thinking]

Firms question how (untested 'cap-and-trade')carbon levy will fund California rail project

[channeling Karnak the Magnificent with envelope to temple]......It won't!

[stylin19a]

The California High-Speed Rail Authority (CHSRA) expects to raise $500 million per year for the rail line from the cap-and-trade scheme, essentially funds paid by companies to offset carbon emissions. State rail officials have described the revenue stream as a "game changer" for the project, set to be completed in 2029.

68 billion cost funded by 7 billion raised over 14 years ?
Private firms are going to pay the other 61 billion (probably way more for the cost overruns )?
I don't think so.

[100American]

http://www.hsr.ca.gov/Programs/Statewide_Rail_Modernization/Project_Sections/index.html

Map of this monstrosity...

Note that the primary run is going to chew up a LOT of farmland and not provide secondary lines to provide meaningful service to at least some of the state...

[umgud]

Doesn’t Pelosi’s hubby have some pull in this?

[mountainlion]

These projects will be accomplished by a bit of Utopian magic and a government bailout.

[ronnie raygun]

Another scam to bilk the taxpayer out of billions

[scrabblehack]

But Franklin Raines has a patent on Cap and Trade, no? It has to work.

[monkeyshine]

Simple. Big businesses will evade or lobby for exemptions and when the money never materializes Sacramento will implement sweeping taxes on the people who don’t want and never will ride their silly train.