View Single Post
Old 07-05-2008, 05:58 PM   #11
StitchInTime
Member
 
Join Date: Jan 2008
Location: Ohio
Posts: 468
The Law of Unintended Consequences is in Full Bloom

Quote:
(#1)...Except for the fact that "War on Terror" add-on of $1.50 on a gallon of gas should NOT have been a tax that fills the coffers of the US government but should have been deposited in a special fund which would have been depleted ONLY through offering commercial incentives to manufacturers and USERS of fuel efficient vehicles and technology. Not a penny used for the general obligations of the government. Actually, the "tax" should have been higher ($2.50 to $3.00) and a system where the drivers of Excursions and other gas-guzzlers should have been penalized, and purchasers of hybrid and electrical vehicles GREATLY helped via substantial rebates...
Food for thought on when government attempts to choose 'winners' and 'losers' and goes against the free market system.

Secret report: biofuel caused food crisis:

Quote:
Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.

The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil...
More food for thought:
StitchInTime is offline   Reply