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Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,082,780 times
Reputation: 3937
Quote:
Originally Posted by PedroMartinez
I have a much better idea than that. How about we end subsidies to all companies and move to a flat tax.
Why do you only want to go after oil company subsidies?
I have no problem at all with a flat tax and have been an advocate for that for many years now..flat tax,no loopholes..perhaps deductions for corps to expand and develope new technologies.
I'm not against just oil subsidies..I have posted many times that I am firmly against any business subsidies in a free market society..why give a farmer or corporate farm millions of dollars a year? Why give oil companies 37.5 billion a year(est) etc etc...if the farmer or corp farm cannot make it,sell it to someone who can...why pay CRP to a farmer to leave ground fallow? There are MILLIONS wasted on that in my county alone over a period of years and that keeps the ground useless.
256 BILLION dollars on crop insurance susidies since '95...90 billion in the next 10 years..that's just crop insurance subsidies.
There is a family owned farm about 80 miles northwest of me that is broken into shares and that ONE family received 1.9 million just in one subsidy since '08..then they have their cattle subsidies,corn subsidies etc etc and they live like kings and queens(arrogant beyond your wildest imagination),but the guys who work for them have to have a LINK card to feed THEIR families...get rid of those subsidies and let them stand on their own..they spout the fact that they pulled themselves up by their boot straps with no help...prove it and see how they do in a fair market setting.
No,its not just the Oil subsidies I would abolish.
Quote:
Originally Posted by PedroMartinez
BTW, you do realize that all corporate taxes are passed down to the consumer via higher price of goods, don't you?
As far as the highway fund goes, I say we should just have a single tax. Each year, or upon selling a vehicle, the mileage needs to be collected off each vehicle and the owner pays per mile driven. The rate will depend upon the type and weight of the vehicle. Every penny of that money should go to the highway fund and be ONLY used for highway construction and maintenance.
The people who use the roads should pay for them and the money charged for them should go to them.
I am well aware of who pays what and there again,let the market decide..if a product isn't selling and a CEO doent want to take a pay cut,let the next CEO take the pay cut and the previous one can be the highest paid,unemployed guy in the unemployment line to get his check
Quote:
Originally Posted by JIMANDTHOM
Hey Swampy, something else we agree on! Take care.
I have a better idea...how about dropping the estimated 37.5 billion dollars a year that the US govt gives oil companies and use THAT money for our roads?
Firstly they don't give them anything, it's a tax break. They are keeping more of their money
Secondly it's about 5 billion which is fractions of a penny per gallon. Just for some perspective that is about what Exxon spends in 5 days.
I don't get my information from biased sources nor do I reference them no matter which side they are on. I go to the source like the EIA who like the CBO is an independent government organization tasked with accounting and analysis, for the EIA their task is to provide accounting and analysis specifically for energy.
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,082,780 times
Reputation: 3937
Quote:
Originally Posted by thecoalman
I don't get my information from biased sources nor do I reference them no matter which side they are on. I go to the source like the EIA who like the CBO is an independent government organization tasked with accounting and analysis, for the EIA their task is to provide accounting and analysis specifically for energy.
So there's no truth in the link is what you are saying? A watchdog group lies on the poor ol' mineral extraction industry?
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