Last summer, China and the developing worldannounced the price for their cooperation on a global-warming treaty: up to 1% of the developed world's gross domestic product. For the U.S., this would mean sending $140 billion a year to China, Iran, North Korea and Cuba, among other countries. This is in addition to the $28 billion we already distribute each year in foreign aid.

For a U.S. family of four, China's demand comes to nearly $1,900 in yearly taxes. And that's just the beginning.

The...