Wednesday, May 25, 2011

Reaction To High Gas Prices Shows Why America is Doomed

When a coworker recently expressed the opinion that the government should force the oil companies to reduce the cost of gasoline I asked him, “Has any oil company ever used the threat of imprisonment in order to force you to buy gasoline, or any other product, that you did not wish to purchase?”

“No” he admitted.

“And they did not have any hidden charges on your credit card. You understood what the agreed price was when you exchanged your dollars for their gasoline?”

“Yes” he said.

“And yet you want the government, who routinely and institutionally takes your earnings under threat of imprisonment for things which you never agreed to support, and in many cases actually oppose, to “punish” the oil companies. Again these are companies which have never taken a single penny from you that you did not agree to give them. They provide for you a product that you personally use and want for an amount of money that you voluntarily agree to pay."

“Yes” he said, without elaboration.

“America is doomed.” I said dejectedly.

3 Comments:

Anonymous Anonymous said...

"Again these are companies which have never taken a single penny from you that you did not agree to give them." Excuse me buddy but what about all the corporate welfare they get AKA my tax money

7:47 PM, May 25, 2011  
Anonymous Rick said...

Anon,From what I understand the oil companies are getting tax cuts or keeping more of the money they have earned, not corporate welfare.

3:01 AM, May 26, 2011  
Anonymous Mark said...

If they get more back than they paid in, like Bam's good buddy GE, then that is corporate welfare. If they get a deduction from what they pay in- and Exxon alone paid more income taxes than roughly half the population of America, then that is a tax cut or tax deduction.

And if they invest in capital equipment with a life span, why shouldn't they get depreciation for that investment just like any other business?

2:20 PM, May 26, 2011  

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