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Technology Stocks : Intel Corporation (INTC)
INTC 36.16-0.5%Dec 24 9:30 AM EST

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To: Robert Salasidis who wrote (182534)11/7/2005 4:30:05 PM
From: Road Walker  Read Replies (1) of 186894
 
The solution is not to tax gasoline, but to tax the inefficient use of gasoline. Put a significant tax on the purchase of every (inefficient) gas guzzler, and give a tax credit for the purchase of every (efficient) high mileage car. Technology agnostic.

As the US fleet gets more efficient, the supply increases and the prices come down. The ancillary effects are that less money goes "up in fumes" from inefficient autos and is put to more effective use. The price of gas comes down... even more money for the economy. Lower imports... helps the huge balance to trade problem. Lower demand... price of oil comes down and we quit feed extra petrodollars to the regimes we seem to not like at the moment. All good things... from a program that taxes inefficiency and rewards efficiency.

The only good thing about having 5% of the worlds population and using 25% of the world's oil is that it creates a HUGE opportunity for improvement. In so many different arenas.

John
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