Oak Mountain Lake Topics: Oil Profits vs Gov Tax

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	Name:	water_watcher -
	Subject:	Oil Profits vs Gov Tax
	Date:	5/3/2008 7:59:38 AM

Then we definitely agree. I think it is sad that our political leader turn "profits" in to something bad. Umm ... we are a capitalist society and economy. The government taxes the heck out of us personally on the income we make from working, plus taxes us with everything we buy, including fuel and energy. They tax the companies as well. Then they have the battle cry about companies exporting jobs to other countries and how they are going to impose even more regulation as the answer.

Wrong! Create incentives to keep jobs in this country and make it more cost effective to produce here. They talk about the low wages in China and Mexico .... but the reality as a bussiness man is the elimination of all the government taxes that makes it cheaper to produce in other countries and then bring it back to the USA to sell.

And while i am on my soap box ...unions have done more harm to workers than they ever created when they came in to existence. They were more worried about lining their pockets with dues from workers.

Lastly, the US economy is a huge consuming economy. There is no way we could not import in to the US. Trying would create unbelievable shortages and huge inflation. Good old supply and demand. Supply would be short and demand still high so it would drive prices up. Who does inflation hurt the most ... lower income people.

The answer is to recognize we do have a world economy. The US government should reduce taxes and create incentives to maximize production in the US. Then TAX "CONSUMPTION" ... NOT "PRODUCTION". The biggest consumers are individuals with the most money and income, so it does make them pay the most tax. What is so difficult about this concept.

One last thing, the governent should do what other countries do ... give businesses incentives for "exports" to make our products cheaper to sell in other countries. Instead they tax imports of products we need and either can't produce in this country or can't produce enough. That is just taking more out of our pockets.