Posted on 12/16/2013 3:59:27 PM PST by Libloather
WOW - one can only hope now the same thing will happen with this supposed glut that might come.
This is not 1937. We can hope that the Mexican elites learn the right way to nationalize the industry.
For practical purposes, most road construction and maintenance is paid by gas taxes.
Wear on roads is a product of vehicle weight and miles driven. Electric cars pay no gas tax, and thus nothing towards maintenance of the road. They are freeloaders on the highways, though they cause the same wear as an gas car.
There is lost revenue when you have more fuel efficient cars. And that is sort of a problem, because those cars will still drive on roads the same number of miles and those roads will still wear out (needing maintenance and repairs) - but less money comes in for doing that. Electric cars basically get a “free ride” - so to speak.
Perhaps he was talking about less revenues - stemming from that.
Just for an example ... let’s say that everyone was driving 15 MPG cars one year — and then next year everyone was driving 30 MPG cars. Immediately, the governments would get ONE-HALF the tax revenue if people drove the same number of miles. To get the exact same revenue that second year, the governments would have to DOUBLE the tax just to remain the same.
$2 a gallon gas? I’ll believe it when I see it.
The tax is ‘per gallon’. The current ‘debate’ is over the miniscule amount of gas tax not being paid for by electric car owners.
The government solution - pay tax by the mile! And of course, they will require some sort of device to track your miles driven (....and...er...whatever else they need to ‘track’).
I seem to remember something like that back in the 1970s when PEMEX was bragging how much $$$ it was going to make off the U.S.
do they make life vests for oil floods?
Only a fool would invest in mexico.I believe they nationalized the oil fields before, 40s or 50s, causing lots of grief to investors back then.NO THANKS
Some states have sales tax on top of per/gal taxes.
late 30s
late 30s
late 30s
I can see that. Just because the gas price comes down higher fuel efficient cars just don’t need as much therefor gas revenue will go down. Maybe that’s what I was thinking. If fewer gallons are purchased then the states loose revenue(?)
There are a lot of hidden taxes on oil and the total from ground to pump is78%.
LOL ... I think you should “read up” on gas taxes ... :-) ...
Here’s one useful article and I’m sure you can find many others that can explain what is going on with gas taxes.
http://www.pothole.info/2010/05/seven-things-you-should-know-about-gas-taxes-in-2010/
“Some states have sales tax on top of per/gal taxes.”
thank you was just going to post that fact
California for example
they are infesting millions of illegals in america and the money they send home is foreign investment
My thoughts exactly.
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