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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.28-0.7%Dec 31 4:00 PM EST

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To: elmatador who wrote (89)8/29/2005 2:48:59 PM
From: Maurice Winn  Read Replies (1) of 218876
 
<Scary will be the "solutions" the politicians find to "solve{ a problem.>

This is a true story. The politicians in New Zealand made "carless days" in 1979 or maybe it was 1980, in response to the high oil prices. en.wikipedia.org

I thought it was every second day, depending on number plates being odd or even. I didn't recall the one day a week. Though I had a company car and was exempt so it didn't affect me much.

Fortunately, that didn't last too long. The public starts to get annoyed at things like that.

The answer of course was to raise the price of petrol so that demand dropped off. The governments are worried about poor voters chucking them out, so they should have simply whacked a $4 a litre tax on petrol and given people an equivalent tax reduction on their income.

Then anyone who wanted petrol could have it and the roads would be less congested and taxes on income would be lowered so people could buy more cyberphones [not that they were available then].

Mqurice
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