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May 4, 2008
Want Gas Taxes Cut? Then You're Stupid
As the MSM would rather you not know, the government takes much more in taxes than energy companies do in profits on the gas you buy. The fastest way to lower gas prices is to cut taxes, which McCain has proposed. Shrillary climbed aboard, screeching that she wants to cut gas taxes too; she'll make up for the tax shortfall by looting oil companies.
You would think her Marxist/Leninist version of a tax cut would find favor with the MSM. But no tax cut is a good tax cut according to Fourth Estate. If you disagree, it's because you're too stupid to listen when liberal newspaper editorialists attempt to enlighten you.
MSNBC's Jonathan Alter explains (via NewsBusters):
[Shrillary & Co. are] essentially assuming that people are too stupid to realize that this is a bad idea [… But Shrillary might convince voters to go for it] because there are a lot of what are called "low information" voters. You know, they're really not reading the unanimous, unanimous newspaper editorials against this. They're not talking to the environmentalists, the economists, everybody who unanimously believes this is a bad idea.
"Everybody" means everybody with a seat at the table of the liberal establishment — not counting those less fanatical than MSNBC.
Alter does like the part about looting the oil companies with a "windfall profits" smash and grab; he just doesn't want any tax relief for consumers. Speaking of stupid, one of the reasons he opposes it is that affordable gasoline would allegedly exacerbate the nonexistent global warming crisis.
On a tip from Cheetah.
Posted by Van Helsing at May 4, 2008 9:51 AM
Comments
You're obviously missing the big picture. Corporate profits = bad. Tax windfalls for the pols to spend with abandon = good.
You can't convince me that Dems don't favor tax increases (and oppose tax cuts) for any reason more pressing than that it gives THEM more money to spend.
Posted by: elisa at May 4, 2008 10:04 AM
Hillary's windfall profits tax on oil companies would be a catastrophic mistake. She simply doesn't understand basic economics.
The average profit to the oil companies is about 9 cents a gallon. So why the huge profits?
Simple. Unprecedented demand. The world uses more oil than ever.
Now place a huge tax on that and what will oil companies do? Reduce supply.
Which will mean...ta da: Higher prices.
Hillary needs to go back and take a basic Econ class. If she wants to drop gas prices, she needs to increase supply.
Build oil refineries. Increase drilling in the US. Control the supply at home instead of relying on foreign supplies.
But don't drill ANWR! We need to keep the pristine beauty of that natural resource intact! :)
Posted by: Nigel at May 4, 2008 10:43 AM
You know, they're really not reading the unanimous, unanimous newspaper editorials against this.
There's nobody the elite hate more than people who dare to not listen to them.
Posted by: Ian from the EUSSR at May 4, 2008 12:12 PM
They SAY that drilling in the Gulf of Mexico will destroy Florida's shoreline, BUT, they will ignore the fact that Cuba and China (Maybe Mexico and Venezuela, too) have sent exploration ships to stake out possible drilling sites.
What are we supposed to do? Send the Coast Guard and Navy into international waters to sink any foreign ships trying to set up a drilling platform in The Gulf because they might make "Mother Earth" cry?
Posted by: KHarn at May 4, 2008 1:04 PM
Every year the hold hearings with oil company execs being called into Congress in Stalinist style show trials. Of course nothing ever comes of it once they explain for the 100th time their profit margin is in line with historical margins. Banks make twice the money per dollar than oil companies do, are they going to loot them too?
A simple solution for people to cut costs is to car pool to work and simply not jump in the car whenever they feel like it. Judging by clogged roads on weekends, the prices obviously arent high enough to make people cut back. Cutting taxes temporarily on gasoline is just an election stunt - that the main problem I have with it. They should just let market forces deal with the issue. Once gasoline is too expensive people will use less of it, demand will fall and prices will come down along with them.
Posted by: Anonymous at May 4, 2008 1:43 PM
Banks make twice the money per dollar than oil companies do, are they going to loot them too?
How do you think the subprime loan debacle got started. This Congress seems bound and determined to wreck any profitable industry in this country, just so they can return to the 'glory days' of the Great Depression.
Posted by: James McEnanly at May 4, 2008 7:58 PM
Jeez, Alter, you really need to do something about that "hair" (as it were)! It's called a toupee, bud -- get into it!
Posted by: jc14 at May 5, 2008 3:12 PM
