Friday, February 20, 2009

Oil and tax policy

http://www.taxfoundation.org/news/show/1168.html

Every left-wing solution is based on emotional propaganda and lacks intelligence.

Use your intelligence and you are a criminal, fascist, nazi monster for disagreeing and being to the "right" of them.

Take the blaming of oil companies for our economic woes and the left-wing stupid solution of taking their profits away for alternative energy.

According to the government's own report, 2/3 of oil profit goes to the federal and state government. This doesn't include local property and storage taxes, state sales and severance taxes and on-shore royalty payments.

The government is the true beneficiary of windfall profits.

Guess what? A windfall profits tax on the oil companies doesn't reduce the government bite.

Cut out the government taxes and you would reduce the price of oil dramatically, put back money into our hands and cut the amount available for the politicians to waste.

Alternative energy is a red herring as "THE" solution for reducing oil dependency when half our oil use is for products other than fuel.

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