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Politics : Formerly About Advanced Micro Devices

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To: American Spirit who wrote (309987)	11/9/2006 12:24:25 PM
From: Tenchusatsu	Read Replies (3) of 1573901

Clifford, > Prop 87 was killed by Chevron's 60 million bucks of totally dishonest ads which blanketed the airwaves and made it sound like some kind of tax hike. It was not a tax hike at all, it was a move to finally charge big oil royalties, then roll that money into badly needed new clean fuels research and development. That's a tax hike no matter how you describe it. "Royalties" are something that authors, musicians, and movie producers earn. "Taxes" are something that the government takes out of someone's earnings or adds to someone's purchase price. It doesn't matter whether someone is a private citizen or a public corporation. A tax is a tax. And the effects of the tax hike would have indeed had the opposite effect of what the supporters of Prop 87 wanted. Economists largely agreed. You can't repeal the laws of the free market no matter how much you try. Bottom line is that Californians are sick of taxes. (This is a point that I may have to repeat over and over, even though I'd rather not.) Tenchusatsu

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