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Automotive News & Views Is a Higher Gasoline Tax Good Or Bad For America?
849 messages, Last post on Nov 19, 2009 at 2:22 PM
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Replying to: lilengineerboy (Jun 02, 2009 4:09 am) I would not count on those being good pre-tax investments either. You did listen to the rhetoric during the Campaign. The tax break by individuals saving in their 401k pension fund is targeted to raise more tax, by our present administration. You are correct that the younger generation will have to pay for the current spending. Gas tax is not the way to do it. Voting against tax and spend politicians is your only chance at survival. Term limits on a corrupt Congress. Limiting the powers of the Presidency, that seem to be limitless at this juncture. The reason you hear a lot more "Whining" from those of US over 60, is because we went through a similar mess in the late 1970s ala Carter. Massive inflation is just around the corner. Adding fuel tax would just fuel that inflation exponentially. I do think President Obama has gotten good advice on more gas tax and we will not see any significant additions. He knows it would be political suicide when it hits every voter in the pocket.
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Replying to: euphonium (Jun 01, 2009 10:32 am) The mantra of the wind/global warming folks is to delay any more drilling in our own country under the guise of protecting the environment or we should get away from fossil fuels. So they also complain that it might take 5 years to get the oil. Well, if you delay starting more drilling, it will take longer. Start drilling today so 5 years from now instead of 10 years or 15 we'll have more of our own oil being added to our supply. That's simple economics and science. |
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Replying to: houdini1 (May 30, 2009 11:58 am) No. Have to give people choices. Have numeric keypads at gas pump whereby one could designate any extra tax per gallon they want to donate. Keypad could allow anything from one cent to five dollars. This could be rolled out trialed in pilot program in key greenie regions such as in Oregon. With right promo, could get extra revenue for roads. State DOT must adhere to strictly using the extra funds for roads. |
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Replying to: andre1969 (Jun 01, 2009 5:11 pm) By 2032, the Congress will have already kicked out the early 62 age some amount of years. Maybe no "early" at all and "full" at say 70. Would not have to think about higher gas taxes if our country had not almost totally abandoned planning/building more nuclear about 3 decades ago. The plug-in car from GM and other mfrs could get power from clean source. |
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Replying to: lilengineerboy (Jun 02, 2009 4:07 am) Why wouldn't a person be entitled to social security and medicare benefits, when it is their own and their employer's money that the government has taken and supposedly held for their retirement? That is the basis of social security. If that isn't the purpose of social security then the government is guilty of thievery on a scale far beyond belief, and to which I'm sure would be the downfall of the government, in whatever manner. If people here chastise the common man because they should save far more then they do, then you have your head up your hind.  You can't have it both ways of saying people should save more, while the government collects 15% (from the employee and employer) + Medicare. I find it morally reprehensible and worthy of a serfdom-society, of what you think is OK. |
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Replying to: kernick (Jun 02, 2009 9:37 am) I don't see the American sheeple being able to unite enough to make downfall for this broken system. If it got too bad, the powers that be would just hire mercenaries to fire on the crowds. Martial law, slaughter the opposition, move on. A serfdom society...that's what the globalists want... |
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Replying to: fintail (Jun 02, 2009 9:41 am) I always believed something Gen George Patton said, and it worked with his army - "Hit 'em in the pocket book, and you'll get their attention". With the low savings that most people have, and as I said above - due quite a bit to collecting pay that otherwise the employee could take-home, people would take any elimination of social security very, very seriously". Similarly I don't see politicians rushing out to directly increase taxes on gasoline, because of the uproar this would cause. Instead you'll see these underhanded pols trying hidden taxes like Cap-N-Trade on CO2. If you follow the news in Europe, you'll see the frequent strikes to protest the high taxes. I've seen French truckers shutdown the highways in protest. High taxes can and do push societies to shutdown at least temporarily.
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Replying to: kernick (Jun 02, 2009 9:59 am) Gas taxes are politicial suicide, as the economy is showing no true signs of recovery, and we are skating on thin ice when it comes to inflation. The French strike an insane amount...but what progress is really being made there, in the long term? |
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Replying to: kernick (Jun 02, 2009 9:59 am) They can probably be rallied to oppose a higher gas tax, but will not take the time from American Idle, fawning over actresses, actors, Bachelor, Dance, etc., to truly understand what is/has been going on in DC. They just believe the network news and spoon fed 5-minute news(?) spots that interfere with radio talk shows and dumb music.
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Replying to: gagrice (Jun 02, 2009 5:29 am) I would not count on those being good pre-tax investments either. You did listen to the rhetoric during the Campaign. The tax break by individuals saving in their 401k pension fund is targeted to raise more tax, by our present administration. I have been using some post-tax investments in my Roth IRA. I am young enough that it makes more sense from a tax standpoint. YMMV. I didn't hear anything during the campaign that would adversely affect my 401k. That said, if they created a Roth 401k, I would consider that too. One nice thing is next year there is a free-be year for Roth conversions, with no salary cap and 2 years to pay the tax. I assume they are doing it as a fundraiser for the Federal government. Having recently changed jobs and having that 401k to rolloverIRA money sitting there, I can convert it to a RothIRA and give me a big pile of non-taxable retirement savings. Okay not as big a pile as I'd like, but enough to get a Whopper value meal...small  are correct that the younger generation will have to pay for the current spending. Gas tax is not the way to do it. Voting against tax and spend politicians is your only chance at survival. Term limits on a corrupt Congress. Limiting the powers of the Presidency, that seem to be limitless at this juncture. Yeah I can't believe what the last administration got away with...spying on its own people and torturing. This new guy just fires CEOs of private corporations. I don't see the gas tax as helping with the debt really, just as a way to change behavior, like the tax on cigarettes or alcohol. I would also legalize some other things, tax them too, and unburden the prison system. I wouldn't be too worried about it, as noted its political suicide, never mind that its the right thing to do...
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Automotive News & Views Is a Higher Gasoline Tax Good Or Bad For America?
