Philippe

1 Comment

    • ON: Fri Apr 18th 11:04 AM
      Commented on:
      Why New Oil Price Highs?
      There is a simple solution for all this. Raising the tax on oil substantially, since the US is the main oil consumer, would in fact reduce consumption, bring over time the price of oil at almost the same level before the increase because of less demand, and enrich our government instead of foreign dictators. In turn our government could reduce taxes by eliminating the lower brackets, by keeping only one high income bracket. By the same token, global warming would be reduceed. If we can convince other developped nations to do the same (which most of them already do much better than US), it is a win-win-win situation.
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