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Old 02-02-2008, 02:43 PM   #10
Monksdown
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Join Date: Feb 2005
Location: Warrenton, Virginia
Age: 45
Posts: 1,515
Re: The Free Market, price of gas, class warfare or socialism?

Exxon/Mobil makes roughly $.07 per gallon. The tax on a gallon of gas is in the low $.50's. That tax could be increased and we could eventually push out our dependency on gasoline for cars. That would be gradual, like the steep tobacco tax. Take the increase profit and offer grants to companies doing research in energy technologies.

Furthermore, cut back on subsidizing corn. The New Deal did great work when we were coping with the Dust Bowl, and out of control food prices. Now, we can create a new legitimate market for corn based fuel. I don't think totally cutting out the subsidy would be advisable, as the government would lose some control over pricing, which is important because we all know that cows eat corn based food. Thus milk, and diary products would be effected as well. But the subsidies were designed to help the American Farmer. Not the massive American farming conglomerates that now buy up farmland, getting passive cashflow from the Government, while the value of the land increases.

Im getting off topic. Steeper increases in the tax of gasoline is good for America, and it's good for the world. The first people to feel that burden will be the lower income brackets, obviously. But a smart evolution of our culture demands it. If nothing else, it'll encourage a grassroots interest in creating more affordabel alternate fuel vehicles. Hybrids arent cheap enough yet, but we're getting there.

And i am a Republican.
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