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Tuesday, April 25, 2006
AND JUST WHO WOULD END UP PAYING THOSE TAXES, YOU CLUELESS POLITICAL HACK!?! The Cato Institute: "Sen. Arlen Specter, R-Penn., argued on CNN's 'Late Edition' that he believes the government should consider a 'windfall profits tax,' which would tax oil companies making large profits while gasoline prices continue to rise."
posted by Jack Mercer @ 4/25/2006 11:01:00 AM  
  • At 4/25/2006 02:31:00 PM, Blogger Smorgasbord said…

    I think that's just one of those things you say because it sounds good. It does leave a bad taste in the mouth to think of the record profits gas companies have been making while prices at the pump have increased exponentially.

    No one's going to actually do anything about it though. There's not really any sensible way to make it happen. This is the way free markets work - for good or bad.

  • At 4/25/2006 02:34:00 PM, Blogger Jack Mercer said…

    The problem I have, Smorg, is that every politician out there, Republican or Democrat, has only one answer for anything--tax.

    Saying this respectfully due to their positions, we are ruled by incompetance.


  • At 4/25/2006 04:25:00 PM, Blogger Smorgasbord said…

    I don't have a problem taxing corporations, in theory. I think they're more able to bear the burden than the average worker. The problem, which I know you're aware, is that businesses will ALWAYS push the expense onto the customer - so it comes back around to the average worker.

    Tax laws are already so complex it gives me a headache just thinking about them. I wonder what the right answer is?

  • At 4/25/2006 04:33:00 PM, Blogger Jack Mercer said…

    Many of these problems often come down to government. The problem more oftan than not, Smorg, IS government.

    Take a look at this and let me know what you think:

    (page 39 is kind of the summary)

    I used to teach on this in school...


  • At 4/25/2006 04:33:00 PM, Blogger Jack Mercer said…"

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