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Thread: Democrats propose further tax hike on offshore oil

  1. #111
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by cpwill View Post
    alternate sources have - as of yet - proven too expensive to be a ready replacement for oil. You would have to jack the price of gasoline up enough to crash the economy to get enough people to switch. in 2008, we didn't see the beginnigs of actual change in behavior until gas hit about $4 a gallon; it's exceedingly inelastic because (as American points out), much of our consumption is tied to activities that we are not willing to give up - driving to work, going to pick up groceries, etc. and you would need to jack up prices significantly beyond that $4 a gallon in order to start seeing a mass-rapid switch to alternate energies.

    'alternate energies' is not a magic wand that one can wave and pass into law in order to hook each of our electronic car batteries to a windfarm.
    Lets not forget how many products are produced that require petroleum such as plastics, fiberglass, millions of products not to mention petroleum is required for the machinery to produce as well. All this to would have to be retooled and this to requires petroleum.

  2. #112
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by samsmart View Post
    Because if fewer people can gain access to oil as a supply for their energy needs, more people will pursue alternate energy sources or more efficient use of the oil they get.
    Oil is the best source of transportation energy.

    There is absolutely no reason why we should switch from it.
    Alternatives are not popular in use because they cannot equate to the economic viability of oil.

    It's completely stupid to push "green" energy, when it isn't ready for the real world of commerce.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by deltabtry View Post
    Lets not forget how many products are produced that require petroleum such as plastics, fiberglass, millions of products not to mention petroleum is required for the machinery to produce as well. All this to would have to be retooled and this to requires petroleum.
    It is however not a renewable resource and sooner of later will run out. SO, either plan ahead, or find yourself in a real pickle. The choice is ours.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  4. #114
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Harry Guerrilla View Post
    That is not even remotely true for the vast majority of people who are wealthy.
    This idea that someone, who has more than you, didn't earn it is a plague on humanity.
    Sure, most wealthy people worked hard and saved...but that doesn't change the fact that their success is not entirely due to their own life choices. If you had been born in Somalia, it is unlikely that you would have all the things you have, no matter how smart or hardworking you are. The same thing applies on a national scale. If you are born in an inner city, you simply do not have the same opportunities available to you that people in wealthy suburbs have. You would most likely attend a crappy, overcrowded school and be surrounded by crime.
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  5. #115
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by American View Post
    Bull****. I hope that you've parked your car and are walking everywhere. You are doing that aren't you? Huh? You are, right?
    I use my truck because I have to for work, which is in the agricultural sector. I drive my car because I live in the middle of nowhere, where it's too small to have public transportation. I live in the rural Southeast, which means there's no railways for me to take to the metropolitan areas when I want to visit them.

    It's not my fault that there is no public transportation infrastructure where I currently live for me to use. However, if there were, I'd gladly support it and use it. I'm tired of paying what I do in gas to drive an hour to get to the nearest metropolitan areas, and driving the hour back, and would rather take a train ride instead.

    Quote Originally Posted by Harry Guerrilla View Post
    Oil is the best source of transportation energy.

    There is absolutely no reason why we should switch from it.
    Alternatives are not popular in use because they cannot equate to the economic viability of oil.

    It's completely stupid to push "green" energy, when it isn't ready for the real world of commerce.
    I understand that oil is the best source of transportation energy, and the difficulty it would be to replace it. However, I think it could also be used more efficiently, with such things at better public transportation infrastructure in our country. Where alternative energy wouldn't be possible, I think we can find ways to utilize oil energy more efficiently.

  6. #116
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Boo Radley View Post
    It is however not a renewable resource and sooner of later will run out. SO, either plan ahead, or find yourself in a real pickle. The choice is ours.
    I agree we will have do to this sooner or later but not all at once nor should we tax the public as to persuade them. This will be a gradual thing and we have plenty of oil here in the U.S. to give us plenty of time to do so. That said we shouldn't punish the consumer by taxing them to death.

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    Re: Democrats propose further tax hike on offshore oil

    I would also like to remind everyone that we don't pay for the full cost of oil in the price of gasoline. There's also the costs in foreign aid to oil-rich nations, and the diplomatic and military costs to ensure our access to oil in those regions, such as the Middle East. There's also the secondary costs, such as veteran benefits for those servicemen garrisoned to protect our sources of oil. If we taxed oil products to pay for all those services, especially the military costs, then we would never be able to afford cheap oil.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Deuce View Post
    AHahahaahahahaahahahhaahha.

    Oh libertarians. I too once had such a simple view of the world. Then I got my first bicycle! Really? That's the reason? You don't think there are other social, political, or economic factors involved? It's just because poor people are dumber?
    In most cases, it's that poor people lack the motivation and ambition to do better, plus they repeatedly make poor life choices. It's debatable if that's a result of stupidity.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #119
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Kandahar View Post
    Sure, most wealthy people worked hard and saved...but that doesn't change the fact that their success is not entirely due to their own life choices. If you had been born in Somalia, it is unlikely that you would have all the things you have, no matter how smart or hardworking you are. The same thing applies on a national scale. If you are born in an inner city, you simply do not have the same opportunities available to you that people in wealthy suburbs have. You would most likely attend a crappy, overcrowded school and be surrounded by crime.
    Success is 90% based on your life choices, even in Somalia.

    You can leave Somalia on foot, if you can't find a way to immigrate to another country.
    African countries have terrible border regulations and there are lots of places to go to to potentially increase your wealth.
    It won't be easy but then again nothing worth while in life is supposed to be easy, that is why there are more "poor" people than there are wealthy people.

    Putting that aside for a moment though, practically everyone in the 1st world, is rich compared to 80% of the rest of the world.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Kandahar View Post
    Sure, most wealthy people worked hard and saved...but that doesn't change the fact that their success is not entirely due to their own life choices. If you had been born in Somalia, it is unlikely that you would have all the things you have, no matter how smart or hardworking you are. The same thing applies on a national scale. If you are born in an inner city, you simply do not have the same opportunities available to you that people in wealthy suburbs have. You would most likely attend a crappy, overcrowded school and be surrounded by crime.
    And why is that the case? Because a bunch of idiots turned the country into a massive ****hole?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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