Cap-and-trade - 'Largest tax increase of all time'

According to this article, the EPA wants to force into effect regulations on carbon dioxide, which it considers a pollutant, despite evidence to the contrary. Aggressive cap-and-trade measures would be used to accomplish this, which would in turn transfer an enourmous amount of wealth from taxpayers to the government, effectively working as a tax increase. See the article and the links in the article for more details. I'll post more about this after I've had time to research it more.

http://www.onenewsnow.com/Politics/Default.aspx?id=468158

This not only sounds like a terrible idea that is made worse when you consider that we're in a recession, but it also sounds like a massive power grab. The government would have more control over the everyday activities of businesses and ordinary citizens, and all that extra money in the treasury would only make it easier for the government to exert it's will over the people. And since people would be poorer because their cost of living went up, they'd be more dependent on the government. Can you say socialism? And it's all in the name of supporting shoddy science. But since it comes during the Obama administration, it doesn't surprise me at all.

If anyone knows why this isn't a terrible idea, I'd like to hear why. Like I said, I'll be posting more information about this when I have time.....