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To: SeekAndFind

Buttpegg’s gas tax will affect EVERYONE


3 posted on 04/04/2021 10:51:23 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: a fool in paradise

If they get rid of all gasoline taxes at the pump , federal, state, and local, I could go along with the milage tax. I drive less than 6 miles a year. I have a 2020 Mazda CX 30 I got in December 2019, right now I have a whopping 5000 mikes on it.


29 posted on 04/04/2021 11:40:25 AM PDT by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page)
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To: a fool in paradise

>>Buttpegg’s gas tax will affect EVERYONE<<

These leftist concoct tax schemes on top of tax schemes.

Raising corporate tax rates will only result in higher cost of good and services.

Throttling back energy production results in higher fuel prices that reverberates through the economy in price hikes on just about everything.

Spending trillion upon trillions will contribute to inflation as well. As inflation begins to run up, the Not-so-federal-reserve will begin raising interest rates which will in turn slow borrowing for everything from autos to homes..further dragging on the economy.

As interest rates rise...so too will the cost of servicing the national debt. For every percentage point rise in interest rates, billions are added to the interest payments on the $30 trillion currently owed.

Not to mention foreign wars or “the big one” will add another 2 to 4 trillion to the national debt.

It just doesn’t stop. Are we headed for a crash in the dollar? If China, Russia move to a crypto currency and move away from the dollar as a reserve currency...what happens then?


38 posted on 04/04/2021 2:12:29 PM PDT by servantboy777
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