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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (93480)	11/13/2007 11:39:15 AM
From: KyrosL	Read Replies (3) \| Respond to of 206093

OT My view of gasoline taxes is the tax should be "whatever it takes" to reduce consumption substantially. Of course, it should be revenue neutral and returned to the taxpayers via corresponding reduction in other taxes, such income taxes, income support for low income households, etc. Oil consumption fell substantially in the US from the late seventies to the early eighties, primarily due to the oil price increase after the Iranian revolution. So there is a precedent that enough of a price increase brings about a substantial change in consumption. There are those that resist oil taxes, allegedly because they distort the "market". Unfortunately the "market" does not take into account the trillions we are spending in treasure, and the thousands of soldiers we are sacrificing to defend oil in the Middle East, ironically, primarily for the benefit of other countries.