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07-13-2006 06:13 PM #11
TAX the profits of big oil companies...
Taxes seem high because average wages have not kept up with inflation. I would much rather have my salary increased 10% than my taxes lowered 10%.
Recent tax breaks have gone almost exclusively to those at the top, and because of this, many cities and states have had to make up the shortfall on the average person. Which just makes things worse.
Oil companies are the recipient of numerous tax breaks. Why give them handouts? They're supposed to be smart business leaders. Handouts, if any, should go to people, not corporations. Take away their tax breaks and give the money to taxpayers to buy fuel-efficient vehicles. This would create a big push for the latest technology, save on health care costs, DoD costs, increase our national security and help to reduce global warming costs.
The return on investment is much higher for demand-side conservation than for supply-side handouts.