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Re:Obama wants to tax oil companies $10 a barrel to pay for ... by douche on Thursday February 04, 2016 @11:25PM (#11039425)
Yep. Let's implement possibly the most regressive tax possible on working-class people. Because every penny of that tax is going to come out of our pockets at the pump or at the grocery store.
Re:Obama wants to tax oil companies $10 a barrel to pay for ... by oh_sigh on Thursday February 04, 2016 @11:31PM (#11039454)
Oil is 31 USD/bbl now. It was 41 USD/bbl in Jan 2015. Would you notice the difference?
Re:Obama wants to tax oil companies $10 a barrel to pay for ... by douche on Friday February 05, 2016 @12:56AM (#11039794)
For somebody who is closer to the edge, that bump in fuel prices is going to trickle into everything they consume, and when the transit costs of the product are a bigger proportion of the total cost of the item, that's got real impact on their buying power.

Plus, it's never just gasoline that goes up. Gasoline, you could just cut back on non-essential miles. But gas goes up, and heating oil follows - and you can't stop paying the oil bill when it's 0 F outside, unless you want to freeze yourself, and your plumbing. Then your electricity rates go up because the fuel oil for the oil-burning plants that backstop your eco-friendly, weather-dependent renewable electric energy when the sun isn't shining and the wind's not blowing, goes up.

And you can bet your bippy that once they jack the tax up, it won't come back down easily.

Seems like a stupid move when the Saudis are trying to hurt our domestic oil production in a price war.

Re:Obama wants to tax oil companies $10 a barrel to pay for ... by naaaaak on Friday February 05, 2016 @02:48AM (#11040156)
Exactly why they want to do this. Tax the difference and keep the price constant because they know a raped consumer will keep paying it.
Re:Obama wants to tax oil companies $10 a barrel to pay for ... by randyrand on Thursday February 04, 2016 @11:28PM (#11039439)
Isn't that a flat tax? And definitely not regressive if you assume rich people buy more gas.
Re:Obama wants to tax oil companies $10 a barrel to pay for ... by SeoxyS on Thursday February 04, 2016 @11:33PM (#11039469)
I think it's regressive because people with less income spend a larger proportion of their income on gas.

I disagree with him; for the record. Just trying to see his viewpoint. Personally—I think this tax is a great idea. I think the government has two jobs: (1) to build and maintain effective infrastructure for the common good (roads, firefighters, etc.), and (2) to apply pressure to rectify forces where the tragedy of the commons would otherwise apply (global warming, etc.). This is an example of the latter.

Re:Obama wants to tax oil companies $10 a barrel to pay for ... by GigabyteCoin on Thursday February 04, 2016 @11:32PM (#11039462)
Rich people may buy more gas, but gas eats up a considerably larger portion of the poor's wallets.