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

To: TimF who wrote (229830)	4/19/2005 2:18:37 PM
From: tejek	Read Replies (1) \| Respond to of 1573352

Why do we have the lowest taxes of any developed country on gasoline? Are we currently subsidizing consumption, compared with the rest of the world? No. Lower taxes than some other country, or even than every other country does not equal a subsidy. That's right its not a subsidy. Instead, we are keeping gas prices low to encourage consumption when its very clear that oil is a finite commodity and where the finding of new reserves has become rarer than a yellow diamond. Meanwhile, the US's energy policy flails around with no clear cut alternative fuel program, weak intra city mass transit systems and few and feeble attempts to wean us off cars. It may well be that the perfect storm in energy is brewing and we are about to get smacked very hard. ted

To: TimF who wrote (229830)	4/19/2005 6:34:50 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573352

re: The good reason is that the "free market" just isn't working. ** It isn't producing the result you want. It isn't producing the results we need*; lower consumption. re: No. Lower taxes than some other country, or even than every other country does not equal a subsidy.* Tell that to the GATT folks. Taxes are relative, and produce economic results. We have the lowest gasoline taxes, and we consume ~25% of the world's oil, with less than 10% of the world's population. You can argue semantics, but the fact is we promote the consumption of gas more than any developed country. John