Ok, can anyone deny that the average American is suffering with the exorbatant gas prices? No, I didn't think so and the reason that the prices are so high is the oil speculators driving up the prices to increase their own wealth! I have no problem with someone investing in anything and making a profit, but 379 MILLION per day in the last quarter is somewhat over the top!
Here is my proposal: As long as gas remains over $2.00 per gallon a 20% tax will be enforced on all those who profit from the high price of the gas. If the cost goes over $2.00 per gallon (and $2.001/10 is over,) up to $2.10. per gal. the tax rate goes up to 21%. for every 10 cents or part thereof, the tax increases 1% The immidiate benefit for the consumers is: This tax will replace all Federal, State and Local taxes including sales tax and the 10 cent per gallon tax snuck in, in Feb 2010. The final piece to this is: The oil companies will have to bring the prices down low enough to include these taxes in the $2.00 per gallon price.
Ok, what do you think?