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To: KyrosL who wrote (93481)11/13/2007 11:57:10 AM
From: Cogito Ergo Sum  Respond to of 206093
 
OT... I agree with your premise. Just we'd need to be taxed much higher like Europe I think..

Good luck this part though LOL Of course, it should be revenue neutral and returned to the taxpayers



To: KyrosL who wrote (93481)11/13/2007 12:21:44 PM
From: ChanceIs  Read Replies (2) | Respond to of 206093
 
>>>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<<<

I don't understand why anyone would want a gasoline tax because: 1) taxes are intended to fund legitimate government activities, and 2) a tax places a dollar in the hands of the government. With respect to #1, we all agree that having a federal Department of Justice is a good idea and should be funded through taxes. On #2, most would agree that a dollar in the hands of the government will result in a waste of $0.50.

I was chatting with someone today about the Australian practice of Superannuation - their version of Social Security. The government basically has employers seize 9% of salary and put it in an account owned and controlled by the taxpayer - with certain strings about early withdraws, etc. The government can't take it or spend it.

So what is the relevance??? Instead of a tax, fund through seizure of monies at the pump, a sinking fund to provide for the future purchase of a modern lightweight vehicle. The big SUV owners would get their account built up faster because they buy more gasoline. After about three years, ban SUVs because they really do present a threat to econo squash boxes.

With the sinking fund, the understanding is that the government could never get its greedy wasteful paws upon the $$$$.

The sinking fund concept would have the same demand quashing effect as a tax. In addition it would direct the funds to a more beneficial end result.



To: KyrosL who wrote (93481)11/13/2007 12:40:19 PM
From: elmatador  Respond to of 206093
 
gasoline may rise another 20 cents a gallon by December. businessweek.com

Prince Walid bin Talal of Saudi Arabia plans to convert one of the $300 million jets into the world’s biggest private plane.

Saudi billionaire had become the first V.I.P. customer for the A380 superjumbo jet, the winged colossus that the European plane maker prices at just over $300 million.

Prince Walid, who currently makes do with a customized Boeing 747-400, signed the contract for a new flying palace at a ceremony with senior Airbus executives at the Dubai air show.