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Profit Is A Dirty Word to Leftists
January 27th 2009 Energy, Capitalism

Obama’s Fuel Economy Follies: Politicians want you to pay more when you drive. They just won’t admit it. - Reason Magazine

If California’s state legislators—and the other politicians who favor the new higher mileage standards—really want their citizens to drive more fuel efficient (and generally smaller) cars, there is a simpler and more honest policy: Hike gasoline taxes substantially.

Or permit oil companies to make “obscene” profits.

Oops, can’t have that, can we?

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-Bill Quick







Comments on this post:

  • Stephan Miller
    January 27th, 2009 | #1

    NO we can’t, because the way OPEC is organized, it is a monopoly.

  • CalmRising
    January 30th, 2009 | #2

    Speculators drive up the price of oil, the producer has already made the “obscene profit” before the gas ever reaches the consumer. Tax the consumer and the “obscene profits” will only be reduced by the amount the demand is reduces by the tax — on a per-unit basis there will still be “obscene profits.” Ironically, many of the speculators get killed when the bubble pops.

    If you don’t want the oil companies to have their profits, the only tax would actually hit them is a tax directly on them. Not saying we should do that, of course — we’d be a lot better off if we’d just let the damn economy run its course from time to time.

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