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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (112316)5/24/2000 12:55:00 AM
From: kash johal  Respond to of 1570313
 
Dan3,

re:"On another subject, it's a real shame that oil taxes, on imports at least, weren't raised when oil was $10-$12 a barrel. We'd have wound up with fewer unneeded behemoth SUV's, could have put the fears about social security's liquidity to rest, and be in a position to temporarily reduce oil taxes now to stabilize the economy.

It would have reduced our balance of payments deficit, and lessened global warming as well. Since we have to raise taxes somewhere, why didn't we discourage the consumption of imported oil instead of raising the costs of hiring workers? (due to social security / medicare costs)."

There is some merit in what you say.

The counter argument is that such "sin" taxes are regressive and unfairly punish folks of lower means on a percentage basis.

regards,

Kash



To: Dan3 who wrote (112316)5/24/2000 3:00:00 AM
From: Joe NYC  Read Replies (1) | Respond to of 1570313
 
Dan,

OT

Re: Oil import tax

I think there may be some issue with WTO, or unfair trade practice if the tax is excessive. The BTU tax never made it either, so we ended up with an excise tax on sales of gasoline.

I think there should be more research into alternative sources of energy, (not necessarily premature, uneconomical deployment), so that when the next crisis comes, there is a ready alternative.

Joe


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