Last edited by LesGovt; 06-08-11 at 07:50 PM.
[QUOTE=Ikari;1059552738]The oil industry already enjoys some of the most aggressive subsidies of all companies and it should be ended.
You think they get more than auto manufacturers or farmers or those in "green" technologies? They might, but I have not seen evidence of that.
While there's a lot of money given out for green technologies (primarily in the form of research dollars currently), it does not reach the 4 billion per year subsidy to the oil corporations.
You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
Seriously, I totally agree with you. We need nuclear power until cleaner, renewable forms become viable on a large-scale basis.
It is also a national security issue. Energy and food are vital to the national security of any nation and each and every state has the right and responsibility to seek self-sufficiency in both to the greatest extent possible.
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Why not skip the middle man (greedy, private enterprise) and just make them publicly owned? Don't try to run them for profit. Take the same approach to power that we do with the military. There's a job that needs doing, and we just do it. It costs as much as it costs, but the benefit is worth it.
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Far too large a portion of startup costs for nuclear plants and many other things are a direct result of an extremely overlarge bureaucracy and the red tape it generates to support its existence.
Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller
Why should the government subsidize nuclear power, or any other kind of power? Subsidizing one industry simply puts competing industries at a disadvantage. If nuclear power is really cheaper than coal or natural gas, then private capital will develop it and will reap a profit to the benefit of the purchasers of power and of their stocks as well.
If energy independence is the goal, then a reverse subsidy, i.e., tax, on imported energy would be a better way to reach that goal, wouldn't it?
Can't we just turn Congress off and then turn it back on again?
Another $850 million comes from another tax provision, also available to every U.S. corporation, that gives a credit for taxes paid to foreign countries...just as you can deduct your state taxes from your federal income taxes.
Another $1 billion comes from tax rules that let oil companies treat oil in the ground as capital equipment for write-down purposes, and the rest comes from rules that let oil companies write off certain business costs immediately.
I'd like to add: If there is any hope of getting back to free market capitalism instead of crony capitalism... it would be really nice to see the system of RISK - REWARD be the dominate way businesses are initiated and grown.
Last edited by Removable Mind; 06-15-11 at 07:25 PM.