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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (352637)9/28/2007 12:02:54 PM
From: TimF  Read Replies (1) of 1575981
 
Either does the oil industry... the consumer pays it to the government.

Which costs the industry as well as the consumer. The industry sells its gasoline at the current price (which includes the taxes), so they could likely sell it at the current price without the taxes and have a large part of the extra money go in to their pocket.

It's hilarious that YOU defend oil industry subsidies while you think everything else in the economy has to as purely capitalist as a swap meet.

I'm not sure what you think I'm defending. I agree with you about eliminating the subsidies, and this isn't the first time. I've indicated such agreement again and again. I'd like the oil industry to be much more "purely capitalist". I'm just pointing out that the deviations from that occur both to the benefit and to the harm of the industry, and that most proposed changes in intervention are to increase it, to the harm of the industry.
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