These "tons of highly intelligent and competent people" will probably not sit down and roll their fingers in either case. Rather, programs like this drains brain power from other sectors of the economy. There is an alternative usage for most resources! ANY new program would not increase our wealth. Building pyramids, for example, is just a waste of resources. Even if it would "create" a great deal of jobs for construction engineers, it would take away resources from _useful_ production.
The increased demand for carbon licenses does not come out of thin air. Someone does pay for it - while reducing other expenses!
The increased demand for carbon licenses does not come out of thin air. Someone does pay for it - while reducing other expenses!