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Not another TAX threat!
A new tax to lower gas prices? Please tell me they are joking! As the senate grilled the heads of Americas largest oil companies as to why prices are so high and what they intend to do about it, they hung thinly veiled threats (probably culled from Obama's speech which he stole from Hillary about the very same tax) of a new "windfall profits" tax over their heads. Is there anyone who actually believes that the oil companies are afraid of such a threat? Is there anyone who actually believes such a tax would have a lowering effect on the price of oil? Americans have already proven they are willing to bite the bullet and pay the price, even as they cut consumption, but I say to you now, the price of gas is going nowhere but up no matter what taxes are imposed on oil companies and We The People will, once again be the ones who bear the brunt of another tax imposed in the wake of another government head hunt so it will appear that they are trying to help We The People. Big Oil(or Big anything else, for that metter)will not be the ones who eat the losses brought about by new taxes. We The People, will eat that cost. Increasing or creating a new tax as a punitive measure is not only misguided, dangerous and short sighted, it is probably unconstitutional, but when has that ever stood in the way of the government, either side, from imposing their vision of justice or law. Come on people, taxes are NOT the answer. Hillary and Obama did their stumping for such a tax with promises of spending the revenues on new social programs, but we all know that the pork barrels will be filled long before the fine print is dry and whatever is left will go to shrink the Federal deficit, if that even happens. Even if this silly tax should be ratified, it would be decades before a dime of it was spent on anything other that the status quo. Anyone who reads my ranting regularly knows what I believe will have a lowering effect on prices, so I won't go into it again. 4 comments from 4 users
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posted by
arizboy6
on May 28, 2008 at 06:13 PM
MAKEING A TAX TO LOWER GAS PRICES HOW STUPID IS THAT? YOU KNOW THE ALASKAN PIPELINE GOES TO OTHER COUNTRIES THEY NEED TO REDIRECT THAT PIPELINE TO US. posted by
catpaw
on May 29, 2008 at 11:06 AM
We have the technology and resources to manufacture our own alternative energy. The biggest hinerances are the oil and auto maker lobbies. Something like government by lobby interests, for lobby interests. posted by
motopoet
on May 29, 2008 at 07:34 PM
Actaually, we do NOT have the technology to manufacture alternative energy at reasonable prices just yet. Hydrogen fuel cells alone are still in the $50,000 range without the car, Solar energy is becoming more efficient as is battery technology, but both are still a HUGE initial investment and a solar system for a single home can take decades to pay for itself. There is no single answer to the question of fossil fuels and there never will be. Until cost effective alternatives are available, we need to be directing our attention to what fossil fuel resources we already have and utilize them and we need to join the rest of the world where Nuclear power is concerned. posted by
Maggiepoo
on May 30, 2008 at 07:41 AM
Gas prices keep climbing even as oil prices dropNEW YORK — The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.
That contended Wednesday with the growing belief that U.S. demand for gasoline is falling as the average retail pump prices approaches $4 a gallon ($1.05 per liter). That belief was supported by two new surveys showing Americans consuming less gasoline. Demand for gasoline fell 5.5 percent last week compared to the same week last year, according to the weekly MasterCard SpendingPulse survey. The survey also found that, on average, demand over the past four weeks is off 6.3 percent compared to the same period last year. A separate CreditCards.com survey of about 1,000 people found that more than half have cut back on their driving due to high fuel prices. http://www.huffingtonpost.c...
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