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Yes. There is no way we will (none / 0) (#151)
by lilybart on Wed Apr 30, 2008 at 07:47:28 AM EST
get a windfall profits tax passed anytime soon, and maybe never.

I am not sure how you quantify "too much profit" in a capitalist system.

What needs to happen is an elimination of tax breaks and subsidies, since clearly, they do not need them. And maybe penalties for extracting energy in America, but offshoring your profits to avoid taxes. THAT should be stopped.

Otherwise, this gas tax holiday is pure pander.

[ Parent ]

lilybart, too much profit means (none / 0) (#165)
by lookoverthere on Wed Apr 30, 2008 at 10:39:14 AM EST
you're making money and I'm not. Heh.

Yep, it's pander, but I have to tell ya, our food bank has sent out another call for donations ahead of schedule. People (mostly single moms) are already having to choose gas over groceries and are going to the food bank to make up the difference.

As summer comes, a lot of those single moms are going to have to hire babysitters or get daycare for their kids.

I know quite a few truck drivers or people who hire out as heavy equipment operators are having a hard time paying for fuel as well. Our local farms...well, we're losing our family farms, like a lot of places.

This ain't no longer term answer, but a gas tax holiday may ease the burden for some for a bit.

[ Parent ]

No it won't. (none / 0) (#167)
by lilybart on Wed Apr 30, 2008 at 10:52:50 AM EST
I get that people are hurting but this gas tax will not result in lower prices for more than a few days until the summer demand drives prices up again.

Save 18cents by cutting out processed junk food, like the gallon of Coke people drink.

There is no reputable economist who thinks this is any kind of good idea.

[ Parent ]

lilybart, you think the people I'm talking about (none / 0) (#185)
by lookoverthere on Wed Apr 30, 2008 at 12:04:48 PM EST
buy Coke?

Are you kidding?

They go to the local liquidation warehouse to buy dented cans and busted boxes of whatever they can get their hands on. They don't sell milk and fresh fruit and vegetables at these places. And the local farmers' markets don't sell fresh fruit and veg cheap, either.

I agree with you: a tax holiday is not a long-term solution. But it's something and right now some people need a little help over the summer.

[ Parent ]

But Hillary says.... (none / 0) (#190)
by lilybart on Wed Apr 30, 2008 at 01:04:51 PM EST
Hillary has endorsed it so don't try to talk sense to anyone here!

[ Parent ]

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