Re: BAILOUTS for AUTO MAKERS: Bad Move From Any Perspective!

Our friend Michael missed his economics 101 class.

> >> We need a minimum $1 a gallon tax on gasoline with all proceeds being >> used for "stimulus" just like the "stimulus" we had recently. Do not >> confuse this with money flowing to state governments or some state run >> project. That may be a stimulus, but it is not the right thing to so >> about gas guzzlers and dependence of foreign oil. > > So what you are saying is that money should be taken from productive > people then routed through government which skims a significant > percentage off in handling costs and then be politically redistributed > to those government favors. This helps the economy exactly how? Is it to > force responsible and productive people to save less? Less savings means > less money available for loans and investment. But maybe instead of > cutting their savings people will just cut their spending elsewhere to > make up for what government took from them. This means instead of say, > buying a tank of gas and a pack of new socks a person just buys a tank > of gasoline and pays the new tax. Too bad for the people making socks. > (and yes, there are still socks made in the USA, as those are the ones I > buy) > >
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Mike Hunter
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