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$7/Gallon Oil?....hope not!
- Thread starter toc
- Start date
Exactly. You could eliminate the regressive ss and medi taxes with the revenue. net effect to consumer and gov = 0, but the difference is that demand would drop, forcing oil lower, and reducing the trade deficit, and helping the dollar.
Actually, Al Gores carbon tax effectively does this, but justifies it on the basis of ecology, not economy. To me, if the people will buy it on that basis, it works just as well, but if we don't do something to dramatically reduce consumption and the deficits quickly, the dollar will collapse.
Actually, Al Gores carbon tax effectively does this, but justifies it on the basis of ecology, not economy. To me, if the people will buy it on that basis, it works just as well, but if we don't do something to dramatically reduce consumption and the deficits quickly, the dollar will collapse.
Quote from thriftybob:
Exactly. You could eliminate the regressive ss and medi taxes with the revenue. net effect to consumer and gov = 0, but the difference is that demand would drop, forcing oil lower, and reducing the trade deficit, and helping the dollar.
B]
Unfortunately we still have high Income Tax, VAT, Stamp Duty, Council Tax, Corporate Tax, Dividend Tax, National Insurance, Land Duty, Air Travel Duty, Inheritance Tax, etc.....
Governments rarely use one tax to slash another, even when they say they'll do it....
UK has had the fastest rising taxes since the war yet income tax RATES actually fell....
Quote from gnome:
This is the primary mechanism the frickn' Gummint uses to confiscate the assets buying power of the people. Nobody should be complacent about it at all. Eventually the USA will be financially destroyed because of it.
It's also the reason we should kick 'em all in the balls, throw them out of office, put them in jail, and elect officials who will act in the best interest of the country.... Libertarians, maybe?
RON PAUL '08
Quote from Machron:
You know what's sad?
Our govt wouldn't do anything if oil DID reach $7 a gallon.
Thanks Mr. Bush!
Well what could they do? Make oil out of air? Invade yet another country and totally screw up? Oil is more expensive than it needs to be because of your 'wonderful' govt.
Just buy more efficient cars and stop pumping hundreds of billions of $ into a region that hates you and wants you dead.