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Obama and higher oil prices

Obama and higher oil prices

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Originally posted by KazetNagorra
Is that ideology called "economics"?

http://en.wikipedia.org/wiki/Externality
Economics is a science not an ideology, and one of its primary laws is supply and demand.

n

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Originally posted by FMF
You don't think that the use of petrol is damaging to the environment? Seriously?
I think it is a mixed bag. Surely burning petrol is less harmful than burning wood? No? Do you suppose that the fabrics synthesized from Petrol, leave more land to be cultivated for food?

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Originally posted by sh76
It can, if the tax revenues generated are pumped into alternative energy research and research into ways to mitigate the effects of the pollution.
If bullfrogs had wings...........

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Originally posted by KazetNagorra
Well, if that is your objection you can combine a petrol tax with a highly progressive income tax. As is the case in most of western Europe.
Or you could trust a free market and capitalism.

n

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Originally posted by sh76
Regressive or not, it makes sense to tax the people who consume a good to pay to offset the harm caused by said consumption.
If there is harm in excess of the benefits, then ban the use of that substance. Otherwise you get into the mess of sin taxes which are supposed to discourage use, but raise so much money that the government can't live without promoting the sin.

n

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Originally posted by KazetNagorra
The burden shouldn't be on the poor but on car users.

A petrol tax is more efficient than a government mandate because it allows the markets to seek to most efficient solution to the problem of fuel efficiency. Also, those who value e.g. fast cars a lot may still purchase them, but will be expected to pay more to offset the damage caused.

The "poo ...[text shortened]... one, partially because there are subsidies for public transport and you can do a lot by bike.
I consider US taxes on gasoline higher than justified or necessary.

European taxation of gasoline has nothing to do with "externalities" or damage to the environment. They are a method of funding socialist programs by making someone else pay for things like public transport, government health care, all the while telling the users of these services that they are free.

It is fraudulent cost shifting, charging non users for the benefits received by users.

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Originally posted by AThousandYoung
That's how the automobile industries like it. That's why they took apart the Red Car public transit system that people in spread out LA used to get around back in the day. 😠
There isn't a single public transit system on the planet that is paid for out of the fares of users. Even in the high density population centers like Japan, public transit must be subsidized, usually by taxes on those who pay for their own transport by buying cars and gasoline.

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Originally posted by twhitehead
And that is because you don't have a fuel tax.

I moved house this year to be close to the school I wanted my son to go to. I can do this because I rent. That is largely because I am a foreigner and getting a mortgage is not easy. However, encouraging house ownership tends to encourage sprawl as well as less flexibility - and thus longer commutes.
I th ...[text shortened]... n Africa where fuel is expensive, too many people live far from their place of work or schools.
Those are fine suggestions, which many persons including me use in planning their affairs, while still enjoying the freedom to travel in our own cars or trucks.

n

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Originally posted by whodey
I often joke that those on the left who are opposed to drilling for oil and natty gas and building nuclear reactors, ect, should just go buy a horse and buggy. But then I think what wouid the state do without all of the taxes they take out in gas prices if everyone stopped buying gas?

As much as I hate to admit it, I think that the horse and buggy is the ...[text shortened]... the horse is a carbon producing animal, so they may be subject to carbon taxes.

Curses!! 😠
Horse emissions are both smelly and messy.

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Originally posted by FMF
Yes, damage from the use of petrol. Your argument would be like saying chlorofluorocarbon doesn't deplete the ozone because it is used for refrigerants.
With the use of any natural resource there are positives and negatives. Assets and liabilities. No? Overall has the use of petroleum been an asset to mankind or a liabilty?

Wajoma
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Provocation

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Originally posted by normbenign
With the use of any natural resource there are positives and negatives. Assets and liabilities. No? Overall has the use of petroleum been an asset to mankind or a liabilty?
Gasoline is ok as long as you use less than/equal to what he does.

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Originally posted by normbenign
Economics is a science not an ideology, and one of its primary laws is supply and demand.
Perhaps you ought to read the article.

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Why is it that the people who are yelling we should let capitalism do it's job, are also the one with the smallest knowledge of actual economics ?

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The problem isn't "let capitalism do its job". The market forces of supply and demand will make adjustments.

The point that I'm trying to bring up is that the idea that fuel should be made as expensive as possible (higher taxation, decreasing domestic production, destabalizing oil producing nations) punishes the poor more than anyone else.

Democrats who are supposed to be looking out for the little guy, but at the same time have enviormental concerns can't serve both masters. Obama has chosen to support enviormental concerns over the little guy.

Any Republican can make huge gains if this becomes a central rallying cry in the next election.

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Originally posted by Eladar
The problem isn't "let capitalism do its job". The market forces of supply and demand will make adjustments.

The point that I'm trying to bring up is that the idea that fuel should be made as expensive as possible (higher taxation, decreasing domestic production, destabalizing oil producing nations) punishes the poor more than anyone else.

Democrats ...[text shortened]... Republican can make huge gains if this becomes a central rallying cry in the next election.
Petrol tax is regressive, but like I said, this is irrelevant. If your goal is to make the taxation system more progressive, you can always do this through income taxes (which you can also make negative if desired). So any effect of petrol taxes can be offset through income taxes, although those using cars frequently could still pay more.

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