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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 4:07 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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Replying to: xrunner2 (Jun 02, 2009 2:39 pm) |
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The brilliant people who founded this country thought that taxation was theft. A person has or had the right to keep the fruits of their own labor and own property. Some wise Justice once said: " The power to tax is the power to destroy" The quality of human life in the last century has increased dramatically due in part to the use of petroleum products. Our life span in 1900 was approximately 42 years of age. Left alone the market which is the sum total of the ingeneuity of the human mind free to find solutions will continue to make things better, faster and cheaper. If we could just stop the "World Improvers", from helping us gas would cost 50 cents per gallon and new wonderous technologies would arise on their own. Creative Destruction. Do we not remember the endless experiments in centrally planned economies in the 20th century??????? It is always a battle between stasiss and dynamisim, slavery vs. freedom. |
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Replying to: lilengineerboy (Jun 02, 2009 4:43 pm) Really!! Speaking of "getting away with", the current admin is no slouch. Starting back a couple months ago with the stimulus/budget bill huge document, hundreds of pages long loaded with pork. The admin and Ms Pelosi intentionally did not allow sufficient time for Congress to read/review/peruse/digest details before quickly calling for a vote. Just one example of the out-of-control admin and Congress. Spying/torturing - See Post 805. Liberal and biased media obviously did its job in informing(?) and molding the minds of the sheepile. Don't see that media has made any kind of issue about oil/gasoline prices since new admin took office in Jan. Gasoline at the pump up at least 50 percent with new admin. But, maybe Obama would rather that oil/gasoline prices zoom up so that he can more easily promote some of his flaky energy plans without having to bring up issue of raising gas taxes. |
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Maybe this article will amke everyone understand that the average American does not have disposable money to pay more taxes of any sort. And especially the older middle-class people who had put together assets in real estate or stocks, have been hit very hard. http://www.usatoday.com/money/economy/housing/2009-06-04-foreclose-mortgage-seni- ors_N.htm If the government wants to collect extra money for road-projects or public transportation, they should go no further then to put a special tax on anyone in the financial and banking industries who made over $200K/year in the last 10 years. There are many people who walked away with tons of money, creating bubbles, sucking peoples' investments in, and left them with not much more than a mirage. People will now need SS, Medicare, and no new taxes to cope with these losses, from the system that our government allowed to operate, and encouraged in many cases.
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