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Ready for $4 or $5 gasoline? Because it’s coming, if the Democrats get their way:
The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation. The legislation, approved 236-182, would cost the five largest oil companies an average of $1.8 billion a year over that period, according an analysis by the House Ways and Means Committee. Those companies earned $123 billion last year.
Cue the “they can afford it” rhetoric from the left.
Don’t you love how they cite “economic troubles” as the reason for raising taxes? Like raising these taxes are going to cause your costs at the pump to go down. Morons.
I’ll say it again for those who don’t pay attention: you raise taxes on a business — ANY business — and they’ll pass that extra cost on to their customers, without fail. Just as I’ve said, countless times, in regards to the minimum wage (which is, in effect, a form of tax increase), these businesses are not just going to sit back and eat the extra expense. They will protect their profit margin at all costs.
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Two comments:
1. That citizens are ‘forced’ to pay for developing green energy through taxes, since it isn’t profitable and costs more to make then it saves while using it.
2. That we are taxed to death into having to settle for using green energy because fossil fuels will be falsely overpriced to the point that it isn’t affordable anymore to use, no more then green energy but just enough that over time through brainwashing more people will pick green energy for the ‘global warming’ side instead of saving money by using what we have now and not paying these taxes in the first place.
We are being forced to pay for something that is based on nothing more then hysteria and liberal agenda. I truly hate hippies.
February 28th, 2008 at 5:36 pmOh, my freakin’ goodness, will they never learn?
The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation.
If it made economic sense to do this, no incentives would be necessary. Government incentives to alter business practice, always, always, always results in inefficient and uneconomical practices that cost more than what they’re replacing. The reason wind, solar, and other alternatives are not already in use is either
1) They’re well on their way to being produced already, without government help (as is the case with fuel cells), or
2) They are more bloody expensive or troublesome than what they’re replacing.
This is why liberal’s incentives always makes things worse. Not often. Not usually. Always.
February 28th, 2008 at 7:54 pmSorry for the delay in clearing your comment, Bob…for some reason the spam filter flagged it as spam and I didn’t see it until just now.
February 28th, 2008 at 11:51 pmTruly Vertical Robert wrote:
But that’s just it: politicians take political decisions, not economic ones. Were the politicians looking at oil prices and shortages from a simply economic perspective, we’d be producing oil in the Arctic National Wildlife Refuge and in a lot of off-shore fields currently off-limits due to the environmentalist whackos. The process for permitting and building nuclear power plants would be streamlined.
Unfortunately, we have the liberals — and not a few Republicans as well — pandering to the people who are so uneducated as to be swayed by the argument “it’s green” without ever looking at the consequences.
February 29th, 2008 at 1:15 pm