SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (602696)3/9/2011 11:52:09 AM
From: tejek  Read Replies (1) of 1575072
 
Click on the link below to see how the US compares to 20 other nations.

Lower taxes are positive, so I guess we compare positively.

It means much less than you think it does. MS, Wyoming, SC etc all have low tax rates and are doing nothing. Let me take that one step further....they are crap states.

and the government needs revenue

Government needs to reduce spending. Preferably actual reductions, but at least strong reductions in planned increases.

Yes, defense. Cut defense drastically. Our defense spending is out of control.

Business Insider proposed the intriguing scenario of pegging gas prices at $5 after 2015:

Whatever gas would cost on the open market (benchmarked to the price of oil), the tax would make up the difference between that and $5. If the market price for gas went over $5, the tax would disappear.

So you want to greatly reduce the signal from higher prices and the adjustments made to that price signal. Not a good idea.

Also I suspect that once the market price does go over $5 in any sustained way (which it certainly will, even if its mostly because of the reduction in the value of a dollar over time), that a new higher peg would be set.

Listen....if this country doesn't raise its gas tax......if it doesn't have the will to do that simple maneuver in spite of you yahoos yelling lower taxes all the time, we are screwed. EOS.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News