Comments on: Senator Herb Kohl Wants to Have His Cake and Eat It (and Your Children) Too http://autonomy.blogivists.com/2008/06/19/senator-herb-kohl-wants-to-have-his-cake-and-eat-it-and-your-children-too/ One side is right and the other is wrong, but the middle is always evil. Fri, 23 Jan 2009 02:34:34 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: pragmaticallypolitical http://autonomy.blogivists.com/2008/06/19/senator-herb-kohl-wants-to-have-his-cake-and-eat-it-and-your-children-too/comment-page-1/#comment-16 pragmaticallypolitical Tue, 24 Jun 2008 14:17:38 +0000 http://autonomy.blogivists.com/?p=46#comment-16 I don't think it is totally fair to blame the supply side. Oil isn't a completely inelastic good, as evidenced by Americans demanding less gasoline this past month for the first time in 17 years. Friedman made an intriguing argument: the government should add a tax on oil to make it at least $6/gallon at the pump. This would drive down supply and bring in tax revenue. Provided that this tax revenue is replaced with subsequent tax cuts (on income, capital gains, or your favorite tax of choice), it seems a better solution than low prices which drive demand. I don’t think it is totally fair to blame the supply side. Oil isn’t a completely inelastic good, as evidenced by Americans demanding less gasoline this past month for the first time in 17 years.
Friedman made an intriguing argument: the government should add a tax on oil to make it at least $6/gallon at the pump. This would drive down supply and bring in tax revenue. Provided that this tax revenue is replaced with subsequent tax cuts (on income, capital gains, or your favorite tax of choice), it seems a better solution than low prices which drive demand.
]]> By: captkarl http://autonomy.blogivists.com/2008/06/19/senator-herb-kohl-wants-to-have-his-cake-and-eat-it-and-your-children-too/comment-page-1/#comment-10 captkarl Fri, 20 Jun 2008 13:18:59 +0000 http://autonomy.blogivists.com/?p=46#comment-10 Keep on Blogging for FREEDOM (from Government) and, with the help of the other Patriots amongst us, we will Re-store our FREEDOM and, thereby, be able to afford to live and, with Government who 'thinks' we need them to even put our pants on right in the morning and, thereby, creating Socialist programs to control, tyranize, and oppress us, "for our own good", off our backs we will once again prosper and spring forth the fruit of liberty from sea to shining sea! Very truly yours in FREEDOM, Capt. Karl Keep on Blogging for FREEDOM (from Government) and, with the help of the other Patriots amongst us, we will Re-store our FREEDOM and, thereby, be able to afford to live and, with Government who ‘thinks’ we need them to even put our pants on right in the morning and, thereby, creating Socialist programs to control, tyranize, and oppress us, “for our own good”, off our backs we will once again prosper and spring forth the fruit of liberty from sea to shining sea!

Very truly yours in FREEDOM,
Capt. Karl

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