Economic effects of taxes, gas and Obamaism

Founding Father Benjamin Franklin said, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

Death and taxes are a certainty if you actually do pay taxes but death has its way with us all no matter your tax bracket.

The subject of death has been fully explored on this side of the veil — your born, serve your time on planet Earth and then you’re mulch — so let’s move onto the subject of taxes.

Taxes are one of the many trials and tribulations used to try our souls.

Taxes are economic double edge weapons — used by those who know better how to spend your money — which exposes us all to at least one of its cutting edge blades.

  1. Those who pay taxes are out their monies and have lost opportunities they may have enjoyed had they retained their funds.
  2. Those who did not pay any taxes are paying higher prices for goods and services to those who did pay taxes.

But wait! The people who paid their taxes also pay higher prices for goods and services because businesses include their higher costs in the prices they charge.

So that means taxes, gas, energy, utilities and labor costs to name a few all have an influence on the prices we all pay for goods and services.

But the two costs that ripple throughout our economy are taxes and oil.  Higher taxes and oil costs have a debilitating effect on jobs and businesses alike.

That drastic drop in the price of gas was cause July 14, 2008  when then President Bush pushed the Democratic-controlled Congress to expand offshore oil and natural gas drilling in the Outer Continental Shelf and give oil companies access to the Arctic Wildlife National Refuge.

When it became apparent that then Senator Obama was about to move into the White House bringing his higher priced gas agenda with him those $1.61 per gallon prices began to rise.

A 33 cent spike in the price of gasoline — in the past 28 days — is what Mr. Obama and Secretary Steven Chu has gifted their fellow citizens.

The Obama Administration still wants to increase taxes or make up new ones and feel it’s necessary for oil prices to rise to further their push for non-existent or failed green technology.

I’m for green technology, but it needs to evolve naturally and not be pushed through by political or ideological power plays or by cronyism.


About FishyGov

Practicing Independent Conservative and recovering Liberal celebrating 20 years of political sobriety.

One thought on “Economic effects of taxes, gas and Obamaism

  1. Pingback: Obama says, “4 billion — subsidizes the oil industry every year,” | FishyGov

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