Ok, Its been awhile, Moving home and all that took up some time, and my internet access is limited now.
I read an article today about how Illinois has a proposal for a gas tax moratorium before the General Assembly. This sounds great to me, and it's only about 5% and only for 3 months, so it is not drastic, but a few cents add up. The thing is, the moratorium faces strong opposition from people who don't think that it will work, and people who think it will just drive up prices and oil company profits because more people driving more of cheaper gas. Here is why they are incorrect: most of Illinois is rural, so people will drive the same amount because they cannot go without it. Even more than a consumer benefit though, corporations and especially small business will benefit because they have to pay less for shipping, to obtain raw materials, and for some, the high fuel prices directly affect them, such as truckers, movers, and anyone who needs to be mobile. Retail needs people to come and buy their merchandise, which is more likely with cheaper gas also. Even a few cents per gallon of savings goes a long way when multiplied by a fleet of trucks. Another benefit is to make vacations more affordable, which is great for some economies dependent on tourism. Plus, in a capitalist system based on profit, the goal of the oil company is to make a profit. The current Governor and GA have already proven that they don't understand the economy, so I doubt they will pass this, they can't even balance the budget.
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7 comments:
Definitely need to go with you on the gas tax cut. Even if it is only a few cents. On a national level, Hillary and McCain may be doing it for votes, but who cares. Go with it. So what if it takes away from road funds. What good are roads if nobody is driving on them?
I'd still be driving on them.
Because I don't really have a choice.
I'd still be driving on them too because I live 25 mins from work. But when i say people won't be driving on them, I mean people will be going out less, fewer people will be taking vacations. You'll see alot more carpooling. People will obviously still be driving, but the numbers will be noticibly smaller.
Good points, Great American.
People will eventually find a limit to what they are willing to pay for gas. They will limit their driving and will not continuously make trips to town, the mall, etc. if they cannot afford to pay for other than the bare necessities of gas.
Yeah, I'm all about carpooling, and the like. I think it's wrong to suggest, though, that people should just stop making trips to the mall, etc. But I think biking and carpooling and more fuel-efficient cars are great ideas. But suggesting that people getting out of their house is wrong, bugs me, and that's what it kinda sounded like you were saying, Jezabel.
amelia, I am missing where jezabel suggests that people should stop getting out of their houses and going to the mall. he merely states that it will come to were people aren't willing to get out of their houses and go to the mall. also, hillary is just supporting it for votes if she thought that this tax cut had a chance of passing then she would not support it, for an ill-liberal democrat would never willing give up tax dollars to spend, and even if the tax dollars were lost they would just spend money that is not there.
But suggesting that people getting out of their house is wrong, bugs me, and that's what it kinda sounded like you were saying, Jezabel.
Amelia - I did not suggest people should all become hermits and remain in their houses. What I said was that if gas prices and taxes on gas continue to go up people will be less likely to leave their homes for what could be considered an unneccesary trip because gas will be so expensive and it would be conserved more than it is today.
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