Comments on: With Gas At $4/gallon, Democrats Propose Gas Tax Increase http://www.rightonblog.net/2008/07/with-gas-at-4gallon-democrats-propose-gas-tax-increase/ Tue, 27 Oct 2009 04:06:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Casey http://www.rightonblog.net/2008/07/with-gas-at-4gallon-democrats-propose-gas-tax-increase/#comment-31556 Casey Wed, 23 Jul 2008 18:27:28 +0000 http://www.rightonblog.net/?p=1378#comment-31556 I'm not necessarily a "Republican." I'm more of a Libertarian-Republican, but I understand the need for regulation of global/national commodities markets. I’m not necessarily a “Republican.” I’m more of a Libertarian-Republican, but I understand the need for regulation of global/national commodities markets.

]]> By: Oli http://www.rightonblog.net/2008/07/with-gas-at-4gallon-democrats-propose-gas-tax-increase/#comment-31555 Oli Wed, 23 Jul 2008 17:59:27 +0000 http://www.rightonblog.net/?p=1378#comment-31555 I think your beginning conclusion is incorrect. Doubling tax will (theoretically) only half sales if it's currently 50% of the price. I think you'd find it would be a lot less than that because people are already running near their bare minimum fuel requirements. Adding tax at the moment doesn't seem like a great idea, though. They'll get more money but they'd face bankrupting the most stretched portion of society. I wouldn't write off either Republican or Democrat argument for showing why the price is so high, though. I think both are at least partially correct. There is more demand and marginally less supply. Oil companies are all filing record profits (explain that one) and investors are very much responsible for market prices. "Reigning in speculation"! A Republican suggesting *more* regulation!? Pigs might fly, yet! I've got to agree slightly there. I've been thinking over the past few months that perhaps essential commodities shouldn't be market-saleable at all, rather they should have centrally set prices. I'm not just talking about oil. Commodities futures on rice are literally causing famine. Traders are actually going to kill people to make a bit of money. Capitalism rules at times. I think your beginning conclusion is incorrect. Doubling tax will (theoretically) only half sales if it’s currently 50% of the price. I think you’d find it would be a lot less than that because people are already running near their bare minimum fuel requirements.

Adding tax at the moment doesn’t seem like a great idea, though. They’ll get more money but they’d face bankrupting the most stretched portion of society.

I wouldn’t write off either Republican or Democrat argument for showing why the price is so high, though. I think both are at least partially correct. There is more demand and marginally less supply. Oil companies are all filing record profits (explain that one) and investors are very much responsible for market prices.

“Reigning in speculation”! A Republican suggesting *more* regulation!? Pigs might fly, yet!

I’ve got to agree slightly there. I’ve been thinking over the past few months that perhaps essential commodities shouldn’t be market-saleable at all, rather they should have centrally set prices.

I’m not just talking about oil. Commodities futures on rice are literally causing famine. Traders are actually going to kill people to make a bit of money. Capitalism rules at times.

]]> By: D Wright http://www.rightonblog.net/2008/07/with-gas-at-4gallon-democrats-propose-gas-tax-increase/#comment-31552 D Wright Wed, 23 Jul 2008 17:11:45 +0000 http://www.rightonblog.net/?p=1378#comment-31552 Doesn't it take more energy to make Hydrogen than it's worth? Doesn’t it take more energy to make Hydrogen than it’s worth?

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