Troubling Times

You’ve probably figured out by now that we really have never met a tax cut that we didn’t like. Over taxation doesn’t result in more efficient government with more services – it results in government attempting to do too many things for too many specific groups and generally making a mess of the whole damn thing.

That being said, we happened to catch one of Hillary’s new ads that just scared the bejeezus out of us. In this spot aimed at attacking The One named “O”, Hill proclaims her desire to save us all gas money by giving us all a tax holiday from federal gasoline taxes. So far it sounds pretty good to us even though it is a bit gimmicky and doesn’t solve the problem we have with high gas prices - which is primarily a supply problem.

What is terrifying is that the Hill ad goes on to explain that they’re going to pay for the tax holiday with the eeeeevil windfall profits of oil companies. We’re not in bed with big oil and the only connection we have with any oil company comes when we’re filling the Eyemobile with their product. We’re also not overly enthused about paying four dollars a gallon for gas. However, threatening to steal a business’ profits in order to get elected is morally and ethically reprehensible.

Hillary's not proposing a tax holiday where the government is burdened to help its citizens; it's a scheme where private companies will be shouldering the burden. Our taxes will be replaced by massive taxes on a few companies in one sector of the economy.

Like it or not oil companies are businesses. They remain in business not by giving away their product but by making a profit. Folks, profit is not a bad thing. In fact, without profit there's no product to supply. It's a simple fact that we all have responsibilities, obligations, and dreams that require compensation and that compensation comes from profit. Ask yourself would you work for free?

Ultimately, what schemes like Hill's do is make an already scarce resource even more scarce. People don't work for free and neither do companies. If anyone were to impose this kind of retroactive taxation the companies affected would leave - maybe not today but eventually.

What's most troubling is that this type of political posturing has gone relatively unremarked. At a time when our supply of energy is being taxed by increased global competition we ignore or miss a very real threat to our economy and our freedom that has more dangerous consequences than four dollar a gallon gas.