Tuesday, April 1, 2008

Democrats $18 Billion Oil Tax Hike: Taxing the U.S. into Prosperty Not Likely to Happen

“Nothing is easier, or more emotionally satisfying, than blaming high prices on those who charge them, rather than on those who cause them.”
-–Thomas Sowell

Pull up a chair, class is about to begin.

The subject: Failed Democrat Party Economic Theories 101
The instructor: Red Planet Cartoons

In "Rocket Scientists They're Not", RPC lets the facts speak for themselves.
The House approved $18 billion in new taxes on the largest oil companies Wednesday [Feb. 27] as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.

As detailed in last week's DBKP post, "Democrats Pass Largest Tax Hike in History", Democrats--and some Republicans--think you can tax a country into prosperity.

Red Planet demonstrates the sheer asininity of this idea by providing plenty of info.

One has to wonder: if taxing the oil companies an extra $18 billion is such a good idea, why not tax them twice that? Or three times the amount?

Of course, upon hearing these suggestions, there are readers on the Left who would smack the side of their heads and yell, "Brilliant!"

Apparently, some in the Democrat-controlled House, also.

They're not done reaching into your wallet yet. Rep. Dingell (D-MI) is hell-bent on adding 50 cents to the price of every gallon of gas sold. DBKP posted "Democrat Dingell Wants 50-cent Tax Increase on Gasoline" less than two weeks ago.

Red Planet gives Thomas Sowell the floor for a rebuttal of this economic nonsense and winds up with links to a plethora of related articles.

Ding ding ding!

Class is over.

Now go check out "Rocket Scientists They're Not" at Red Planet Cartoons.

Taking notes is optional.

by Mondoreb
image: Red Planet Cartoons
* Rocket Scientists They're Not
* Democrat $18 Billion Oil Tax Hike: Taxing US into Prosperity Unlikely to Happen


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