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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 4 4:00 PM EST

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To: Haim R. Branisteanu who wrote (43499)	3/17/2000 11:09:00 PM
From: jttmab	Read Replies (2) of 99985

Haim, I admit that I find your post confusing....I understand the arrogance criticism and take no exception there. Your first bolded item on taxing SUVs and other energy consuming luxuries...Along the vehicle line there is a gas guzzler tax [perhaps not enough] on passenger vehicles that exceed so many miles per gallon. SUVs were exempted from that regulation [as well as some emission controls] being treated as Light Duty Trucks. The US has obscenely low taxes on gas...though you'll also note that others believe the most recent tax of 4.5 cents [absurdly low by European measure] should be repealed. There have been some noises by the Administration to have passenger car regulations apply to SUVs which have been rejected soundly by the leadership in Congress. I gathered that your next two statements re: corn and the PIII were making the point...How would you like it? Here is where I get confused..."What happened to free market?"...I guess I could argue that imposing taxes is interfering with the free market; OPEC by design is contrary to free market and constitutes collusion and price fixing. Under the agreements forged with respect to global warming, [I've forgotten the exact name] the administration offered to have more stringent controls on the US than on other countries [I suppose the argument was that we had a head start on everyone else in developing our economy and polluting the world]....the proposition was soundly rejected by Congress. The European Union has some pretty strong opposition to genetically modified plants...primarily a US product and milk from cows that have been treated with hormones. There is certainly an effort on the part of many of the developed countries [not just the US] to convince parts of South America that the rain forest needs to be kept intact. How "free" should free market be? No taxes to discourage energy consumption? No regulations on emission control? Dissolve OPEC? Let GM food into Europe? Be quiet about the deforestation in the rain forest? Regards, jttmab

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