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Technology Stocks : Cisco Systems, Inc. - Off-topic postings

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To: RetiredNow who wrote (204)	9/13/2008 8:00:20 AM
From: Sailtrader	Read Replies (1) of 230

Great ideas mindmeld -- I like the use of tax incentives vs subsidies, and I totally agree we have to become energy independent. I do differ with you on the following: How do we cover the cost of those benefits? The cost can be recovered from the reduce cost of our military from fewer unnecessary wars. From shifting the burden of securing our oil supplies from our military to the oil companies. And from repealing the tax subsidies for oil companies. In addition, the tax incentives will not be permanent. Think of it as a public investment in the incubation of a new industry that the venture capitalists in Silicon Valley have stated will create more wealth than the Internet did. And we will be the leaders in that industry. Are there economic impacts? Yes. Please see above answers. What should be done to reduce those economic impacts? The up front investment will cost money and we have to recover that cost from somewhere. The scale and types of tax incentives that I'm talking about could be had for $100-200B, which is about what we spend in Iraq in one year. I propose that we shut the Iraq war down, bring our troops home and immediately repeal all tax incentives and other subsidies from the oil companies. Those measures will pay for all of the cost of incubating the alternative energy industry. I don't think the $ spent on the Iraq war will come close to covering the costs involved in all the incentives listed, and I think it would be a HUGE mistake to immediately bring all the troops back and leave Iran with no presence nearby. The immediate repeal of all tax incentives on oil companies will result in a huge spike in the cost of energy for consumers -- if that happens, you can be guaranteed your dreaded necons will be back in control big time after consumers react to high energy cost in the voting booth.

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