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Old 05-10-2008, 05:02 PM   #1
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I do not want legislation on gas prices though I just want to never have to use gas again. :-) It scares me when I see politicians spouting off about a "windfall" tax on oil company profits. Ok I hate oil companies. I would love to see them out of business like anyone else. but windfall tax is unamerican and unconstitutional and immoral. Your PUNISHING someone for doing well (the issue is not WHY they are doing well thats a whole nother ball of wax)

Plus any and I mean ANY corporate tax is by DEFINITION a tax increase on the regular citizens. Its not possible to tax a business. ANY tax is automatically amortized into the cost of the product! IE 'WE" pay for it not the companies. Only citizens can actually pay taxes in the real sense since we can not "amortize" it off on someone else. The buck stops there :-(

ON TOP of that a windfall tax would have exactly the OPPOSITE desired effect since now the government would NOT want gasoline to go away and would in fact WANT to keep it Expensive as hell. Think about it. The MORE gas costs the BIGGER the check uncle sam can cash out of US. They now have incentive to NOT change the problem. To infact fight to KEEP the status in order to retain that tax income.

NOT a good thing folks :-)
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Old 06-07-2008, 03:48 AM   #2
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Taxes on Fuel

I agree with Nerys

Further taxes on oil companies misses the point. Consumers will just have to pay for it.

In the UK the taxes are what make the fuel prices so high.

Currently the Treasury rakes in ?500 Million PER MONTH in taxes on fuel!

Crazy!

David
http://www.runyourcarcheaper.blogspot.com
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