Monday, July 13, 2009

Would you support a tax on energy to help global warming?

If Obama wins in November 2008, and the Democratic Party continues to have control of the Congress I understand that they plan to put a tax on energy to pay for development of alternative energy and discourage use. Of course this could mean a tax on gasoline and your energy bills at home.





The Democratic Party will insist that the money will be set aside for research and development of alternative energy. They say the taxes will encourage people to use less energy that will limit global warming.





Would you support energy taxes for global warming?

Would you support a tax on energy to help global warming?
I don't support it.





The law of supply and demand dictates, that at least to some degree, demand will go down as the price continues to go up. And as gas prices go up, alternative energy will become more attractive. Even now, alternative energy tends to cost more to produce than good-old-oil, so those alternative sources don't make much economic sense.





Over time, the free market can work it out just fine.
Reply:More freaking taxes? Last year I made $195K and paid $90K in federal and state taxes! That's 50% of the money I work 60 hours a week to earn.





NO!
Reply:NO
Reply:Read my lips "NO new taxes!"


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