Regis Philbin
May 22nd, 2007, 01:10 AM
Same old failed worn out socialist crap...
Don't these idiots know the price of fuel affects the price of everything???
http://money.cnn.com/2007/05/21/news/international/europe_gas/index.htm?cnn=yes
My big fat American gas tax
Should Americans consider a big price hike in an attempt to reduce demand and transfer money from Big Oil to the general public?
By Steve Hargreaves, CNNMoney.com staff writer
May 21 2007: 4:35 PM EDT
NEW YORK (CNNMoney.com) -- It seems completely counterintuitive: Raise the gasoline tax to help American commuters.
Motorists are already paying well over $3 a gallon, and there are signs that it's beginning to cut into demand and hurt consumer spending.
But if a big gas tax was levied - like the $1 or $2 tax Europeans have to keep prices permanently over $3 or $4 a gallon - how could that possibly help American consumers?
One argument says a tax would crimp demand, lowering wholesale prices.
"Anybody with any brains has advocated that, but not the politicians." said Fadel Gheit, an energy analyst at the financial services company Oppenheimer.
Lower wholesale prices, which would mean less profits for oil firms, combined with a higher tax could transfer money from Big Oil to the government, which could then use the cash for public programs.
Don't these idiots know the price of fuel affects the price of everything???
http://money.cnn.com/2007/05/21/news/international/europe_gas/index.htm?cnn=yes
My big fat American gas tax
Should Americans consider a big price hike in an attempt to reduce demand and transfer money from Big Oil to the general public?
By Steve Hargreaves, CNNMoney.com staff writer
May 21 2007: 4:35 PM EDT
NEW YORK (CNNMoney.com) -- It seems completely counterintuitive: Raise the gasoline tax to help American commuters.
Motorists are already paying well over $3 a gallon, and there are signs that it's beginning to cut into demand and hurt consumer spending.
But if a big gas tax was levied - like the $1 or $2 tax Europeans have to keep prices permanently over $3 or $4 a gallon - how could that possibly help American consumers?
One argument says a tax would crimp demand, lowering wholesale prices.
"Anybody with any brains has advocated that, but not the politicians." said Fadel Gheit, an energy analyst at the financial services company Oppenheimer.
Lower wholesale prices, which would mean less profits for oil firms, combined with a higher tax could transfer money from Big Oil to the government, which could then use the cash for public programs.