[2cher]

Americans use 142 billions gallons of gas per year right?

So if we raise the tax on gas $3.00 This would generate 426 billion additional revenue per year.

[basil_hayden]

Sieze banksters profits before they disburse them as bonuses and pay off the debt that way; stay out of my wallet for a change. I didn't spend the national debt and there's no way I'm paying it off either. I've paid my bills - with interest; go see the people who haven't paid theirs.

[timmac]

$this->bbcode_second_pass_quote('2cher', 'A')mericans use 142 billions gallons of gas per year right?

So if we raise the tax on gas $3.00 This would generate 426 billion additional revenue per year.

[eastbay]

How about seize the banks.

I like the idea of a heavy gasoline tax as a way to wean people off fuel wasteful personal vehicles and into gas sippers. As gas gets scarcer it'll certainly be taxed more, but it would be easier to implement gas taxes while prices are relatively low. Like now.


$this->bbcode_second_pass_quote('basil_hayden', 'S')ieze banksters profits before they disburse them as bonuses and pay off the debt that way; stay out of my wallet for a change. I didn't spend the national debt and there's no way I'm paying it off either. I've paid my bills - with interest; go see the people who haven't paid theirs.

[timmac]

$this->bbcode_second_pass_quote('', 'I') like the idea of a heavy gasoline tax as a way to wean people off fuel

[jdmartin]

I'm with Timmac - sounds good in theory but it'll never work. That would make gas $6, and if you think the economy is in the shitter now, imagine what it would look like with $6 gasoline (I'm talking US here).

[misterno]

$6/gallon ıs stıll way cheap

here ın Turkey we pay $12/gallon and mınımum wage ıs $1/hr

nobody complaıns or rıots

you have to adjust when the tıme comes

[hillsidedigger]

Add another dollar per gallon for state budgets.

Then there's fuel oil which could be more heavily taxed and tariffs could be increased on imported oil and oil products.

I think the entire federal and state budgets could well be financed with fuel taxes so eliminating the need for most other types of taxes, particularly income tax.

Imagine, no more tax returns or IRS.

The infrastructure is already in place to collect fuel taxes and so the process would be quite simple and very fair.

Don't forget electricity which could also be heavily taxed.

Such a system would lead to innovation in the development of alternatives to electricity and oil use. The main, most easily developed, alternative would be doing without or at least doing with less.

Public debt is a greater threat to the economy than about anything.

[Roy]

$this->bbcode_second_pass_quote('', 'I')magine, no more tax returns or IRS

[vaseline2008]

The role of banks in our society is no longer a place to save money, rather an institution to loan out money and create debt. This is proven true by the Fed.

It is not in the best interest of any bank to get rid of debt. Without debt, they would not exist. Debt creates and an obligation to the debtor, this gives power to the one holding debt. Why would anyone want to give up power?

[Roy]

Exactly. This is where sovereigns (if they really represented 'us' I think they would) should tell the bankers and their endless debt/interest schemes to piss off.

But they won't. Because they receive generous campaign donations from said institutions.

Corpgov. Power to the highest bidder. And us free-range serfs will continue to pay our 'obligation' of interest to these institutions. Stop paying them and see what happens to yourself. Ultimately it will be incarceration, or death by gunshot if you resist too much.

Ever wonder why, an American who gives up his citizenship, is still required to pay federal income taxes for 10 additional years?

Again, that person no longer resides in America and has renounced all 'benefits' of American citizenship, and yet they are required to pay for an additional 10 years; for what?

[Gerben]

$this->bbcode_second_pass_quote('Roy', 'E')ver wonder why, an American who gives up his citizenship, is still required to pay federal income taxes for 10 additional years?

Again, that person no longer resides in America and has renounced all 'benefits' of American citizenship, and yet they are required to pay for an additional 10 years; for what?

[Plantagenet]

Raising gas taxes to pay off the debt will never work....the government will just take the extra tax money and increase their spending even more so they are creating even more debt.

Any plan to reduce the huge government deficits must involve CUTS in government spending.

[mcgowanjm]

Yes. You allude to the Vicious Death Spiral.

As a snake eats it's tail.

The problem with paying down debt now is that
there is ONLY one group able to do this.

And the same group is desperate not to:

The Top 1%.

AAMOF, we can have a Debt Jubilee now and everyone
in the Top 1% become instant ordinary.

Default is just a matter of time. The faster the GOM becomes devoid of life, the faster the collapse.

[TreeFarmer]

Unless we have a rigid, as in a balanced budget amendment in place, all revenue enhancement plans are useless. The lure of additional spending to garner votes has proven to powerful for our federal level politicians.

I almost can't believe I'm writing this but the only thing that will work long term may be a balanced budget amendment and aboloshing compound interest. We may not have to do away with fiat money as aboloshing compound interest will prevent more money from being owed than there is money to pay with.

TF

[mcgowanjm]

Again, we're way past this. I mean, do you see anything like
this anywhere being proposed?

We haven't got time for courts(See Kagan Monsanto), bills, amendments. Our Military is now on the Line.
Are they Impotent as well? Or can they just start wars.

Note how fast DC moves when the Top 1% make 'suggestions'.

$this->bbcode_second_pass_quote('', 'B')efore the corroded Alaska pipeline burst, BP failed to take steps to inspect it for eight years and ignored and or retaliated against employees who suggested that the company do so. BP wanted its employees to keep their mouths shut and their head down because nobody at BP wanted to hear about it. BP ignored those who predicted a major oil spill, and their negligence was -- and still is -- criminal.

[notill]

Here's an idea that'll never fly. Include US Military costs, pertaining to global oil security, in the price at the pump. And no, don't let a Big Oil funded think tank do the calculations.

But, it's easier to charge this off to the national debt to be paid by the kids, like we've been doing for the last thirty years.

[dorlomin]

$this->bbcode_second_pass_quote('Roy', '')$this->bbcode_second_pass_quote('', '
')The IMF said the United Kingdom could raise an amount equivalent to 3.3 percent of GDP, or a third of its estimated deficit, by removing exemptions and improving collection of the sales tax, according to Bloomberg. As the global economy recovers, governments’ fiscal balances are on average continuing to deteriorate, the IMF said.

[Plantagenet]

The average government employee in the US has a salary 30-60% higher then a comparable person in the private sector AND has fewer worries about being laid off in recessions AND has a much better pension plan.

Please explain again why we should raise taxes on people in the private sector, who are already suffering from massive unemployment, stagnating wages and no pensions in order to continue paying these far-above market rate salaries and very high pension benefits to people in the government sector?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('notill', 'H')ere's an idea that'll never fly. Include US Military costs, pertaining to global oil security, in the price at the pump. And no, don't let a Big Oil funded think tank do the calculations.