Wednesday, April 16, 2008

McCain Wants To Freeze Gasoline Tax

Idiot. Panderer. Hypocrite.

Actually, I finally agreed with Dennis Kneale! You cut the gasoline tax, and gas would be cheaper at the pump, thus creating more demand.

Note to John McCain and the other presidential candidates (they're all regular readers)... We need to use less gasoline, not more.

Gasoline is already cheap in our country, and with 44% all of our income taxes going to fund completely idiotic wars, we need some money to help support our ailing infrastructure. It makes sense to use any federal taxes that are on gasoline to fix bridges, before they fall on people.

We should fucking RAISE the tax on gasoline while at the same time LOWER the income tax... or, at least, reallocate the income tax for better uses.

12 comments:

Tyro said...

If I didn't know you were an American, I would swear that you knew something about the world.

Dinosaur Trader said...

Hey, what happened to your blog?

-DT

Tyro said...

It may live again, but I got bored, wanted a fresh start. If I were smarter, I would have just taken a month off like you did :)

Dinosaur Trader said...

Taking a month off was hard though... I still can't shake the rust, and my readership dropped 30%... hard to rebuild.

Fresh start is good though... I guess it worked for Scalper. You see that link that mdawsz provided the other day?

-DT

Tyro said...

No, I missed it, is JC running a trading blog again? I did notice that Scalper is running "A Journey of Dreams", a personal development blog.

Time focused on the markets has been good for me. I've taken the time to push hard at building an ATS and hope to go live this week. I know what I have to do to day trade, I just don't execute well so hopefully a program can redeem me. Besides, I can't let Ugly and Eyal hog all the glory.


It's good to see you back, rusty or not.

Dinosaur Trader said...

Tyro,

Yeah, I was talking about that Journey of Dreams blog... trading is so much about personal development too, so it makes good sense.

Getting your trade right is much more important than blogging, so I hope it continues well for you.

And thanks,

-DT

Rob said...

There seems to be some disconnect in you tax logic. There are 2 taxes applied to gas; Federal and State. He was proposing limiting the summer tax hike on the federal side as an economic stimulus. The money that would go towards fixing bridges and roads would likely come from the state level and therefore would not be impacted. Furthermore, the states might be able to pull in more money to compensate for what the federal tax is going to leave out.

Bluedog said...

The Gov't should release some of the National Reserve to flush out the speculators who have driven up the price of crude (as an inflation hedge) past the normal supply-demand ratio. The current price has nothing to do with supply-demand. Instead, Bush is adding to the reserve every day, pleading with OPEC to no avail, and funding this war in Iraq while Iraq oil money is going... where? This administration and its army of clowns kills me.

-BD

mdawsz said...

Bluedog, we operate in a free market where capitalism rules. If crude is so expensive then why aren't suppliers dumping oil on the market to take advantage of the speculative excess?

JakeGint said...

Shit, Sawzall, I might've misunderestimated yooo.

JakeGint said...

Idiot? Maybe. He's talking about that stupid "cap and trade" bureaucracy that's being pushed by the ecodweebs, after all.

But shoot, at least he's not laying wreaths at the grave of a mass terrorist.

mdawsz said...

Jake, I share your pain re Carter, pandering to Hamas and hating on Israel...what a fool.