Posted on 08/09/2011 6:54:48 PM PDT by jazusamo
Boxer's bill calls for $55 Billion a year for 2 years.
Guess who's backing Boxer in this? UNIONS!
The Laborers’ International Union of North America has promised a vigorous campaign during the congressional recess to build support for Boxer’s bill.
There are going to be a lot of angry voters if they don't first clean house. People who are clueless now will pay attention when they feel the painful bite of new gasoline taxes.
You can expect the States to follow with their own gas tax.
After all we “pay less in gas taxes than Europe.” That’ll be the mantra. And they'll talk about improvements and repairs to the roads and bridges and how we need more public transportation and how people should be “encouraged” to use it. And on and on.
Also, will they continue to use the revenues on the roads or will it be put into the general fund? Lemme guess....
Cars are getting better mileage. People are driving less miles because of the economy. Electrics, although a minuscule number of cars on the road now are just starting to sell.
The Boxer proposal is only for two years and the Dems are counting on that tax being raised when the bill runs out. Mica's bill is based on the current fed gas tax.
When Pols in Washington see that kind of money in a fund you and I know they'll come up with other priorities for it.
Good point.
I have seen this a dozen times... consumers consume less which leaves them in a revenue bind. The solution isn’t to cut costs. No. Raising taxes is the only option to them.
I hate to break the news to all you people out there, but this bickering on the gas tax will be child’s play compared to what’s around the corner as we get to the edge of the cliff regarding the dollar. One of two things HAS to happen:
1) The dollar dives and gas goes to about $9.00 per gallon.
2) The dollar doesn’t dive and gas goes to about $7.00 per gallon.
The first one is obvious, as once gas is priced Yawns, or some other currency, we will have to keep paying more for it. The second one is what MUST be done to prevent a collapse of the dollar - which is tax the crap out of the Middle Class ($4.00 per gallon on gas, maybe 12% for a VAT). That is the only way that we will have a chance at paying for the welfare programs that Americans DEMAND (and yes, FReepers too, particularly with regard to Social Security).
Doubtful.
Liberals are all talk and no action on this one. The answer is a resounding "No" to your question.
The dollar would have to be cut to a value of a third of what it is today. At the current rate, that will take 20 to 30 years.
2) The dollar doesn’t dive and gas goes to about $7.00 per gallon.
I disagree with your assessment that the only solution to save the dollar is to tax the "crap" out of the middle class. However, liberals will do anything to get their filthy hands on our money, and to them their is nothing sacred about gasoline.
Unfortunately, this action will not save the dollar. Stopping their tax and spend ways will.
“The dollar would have to be cut to a value of a third of what it is today. At the current rate, that will take 20 to 30 years. “
LOL. The current rate goes out the door once confidence is lost...which it basically is now. Just look at the price of gold for the past two years, and you’ll see what people REALLY think of the dollar. As to oil, it’s low now due to slow economic activity...once the rest of the world picks up, we’re toast.
“I disagree with your assessment that the only solution to save the dollar is to tax the “crap” out of the middle class. However, liberals will do anything to get their filthy hands on our money, and to them their is nothing sacred about gasoline.
Unfortunately, this action will not save the dollar. Stopping their tax and spend ways will.”
I agree with you...but even half the oldies on this site DEMAND their Social Security money back. They really seem to believe that it’s locked up in Al Gore’s house or something. If these people, who are otherwise ideal conservatives, can’t get past this, we really have no choice but to follow the European path and tax the crap out of the middle class....or watch the dollar crash.
“Doubtful.”
Go check our debt, our deficit numbers, and our projected deficits for the next decade. Anyone still willing to give us credit after looking at those numbers is INSANE, and the Chinese are NOT insane.
...so it does have to happen...we MUST crash (or tax the crap out of the middle class). There is no third way.
It's way past time for a MAJOR tax revolt in this country anyway. Problem is, how long will we sit idly by while they strip us of EVERYTHING we earn AND own?
“All I can say is, good luck collecting all those taxes. People will eventually stop paying into their ponzi scheme, that is if they want to survive.
It’s way past time for a MAJOR tax revolt in this country anyway. Problem is, how long will we sit idly by while they strip us of EVERYTHING we earn AND own? “
That’s why gas taxes are so effective...the ‘people’ don’t pay them, rather the small number of oil companies pay them. The ‘people’ don’t have a say.
As far as taxes overall...if people still want a welfare state when they turn 62, they WILL have to pay for it. It’s not free and the Chinese are sick of giving us a free ride.
The dollar would have to be cut to a value of a third of what it is today. At the current rate, that will take 20 to 30 years.
2) The dollar doesn’t dive and gas goes to about $7.00 per gallon.
I disagree with your assessment that the only solution to save the dollar is to tax the "crap" out of the middle class. However, liberals will do anything to get their filthy hands on our money, and to them their is nothing sacred about gasoline.
Unfortunately, this action will not save the dollar. Stopping their tax and spend ways will.
Use 10 year periods, not 10 month periods. And yes, there have been volitale times just like we have today during the last 10 years.
“Use 10 year periods, not 10 month periods. And yes, there have been volitale times just like we have today during the last 10 years.”
Name me a time, other than the past two years (and WW2), when deficit spending equaled 40% of government spending. In fact, name me a time when it equaled even 20%.
You seem to fall into the trap that all the economists fell into with the housing bubble - that being that there could NEVER be a collapse in housing prices (nationwide) since there has NEVER been a collapse. Same trap in 1990 when we were CONVINCED that Iraq would NEVER invade Kuwait...why? because they never HAD invaded Kuwait.
You have to look stop looking at the past and add up the numbers. We’re talking trillion dollar plus deficits forever, along with hundreds of trillions in unfunded obligations (i.e., SS and Medicare)...that CANNOT be maintained and we will and MUST collapse.
There really isn’t any other end-game...just like there wasn’t when housing started pushing 10 times average income.
Anyway, feel free to ignore me. But PLEASE do not whine here when you see your retirement WIPED OUT because you chose not to listen to your fellow FReepers, because you thought they were kooks.
You are pretty much down on America. I am merely down on DC. The idiots in DC will be replaced next year. America, being the best job creators in the world, will pull through once the shackles are taken off our economy. Collapse is not inevitable.
But thanks for explaining yourself. At least I know where you are coming from.
You seem a bit quick on the draw tonight, not waiting for my response. Patience is a virtue.
No, I don't think my fellow FReepers are kooks, nor do I think you are a kook. However, now that you have explained where you are coming from, your extrapolation of the data is simply a bit off.
“America, being the best job creators in the world, will pull through once the shackles are taken off our economy. Collapse is not inevitable.”
I love your confidence...but I don’t think we’re invincible anymore than the entire country thought so after Pearl Harbor. If we are to win, we WILL have to FIGHT HARD and defeat an embedded enemy. I went to collage with them, sat in their “teach-ins”...I know EXACTLY how they think and I can tell you that 98% of real Americans are simply unable to even comprehend what they want (you included) and just where they intend to take this country. They want a LOT MORE than nationalized medicine or expensive energy, they want us to be TAUGHT A LESSON and live like the peoples we exploited. And they have no intention of stopping, even after they’ve brought our economy to its knees.
Can they be defeated - yes. But it starts with people like you getting rid of the America-the-Invincible mindset, and getting ready for a VERY DIRTY fight on the streets. That is our only hope...these people will NEVER go away, they must be DEFEATED.
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