Thursday, September 18, 2008

How the Canadian Government can Reign in Gas Prices...

So....how about implementing an excess profits tax on Canadian oil companies ?
The government should punish oil companies for excess profits as it is eminent domain and the oil is Canadian. Oil is a necessary evil. We need it. Let David Suzuki tell us how we can logically and sensibly stop using it and use Segways to travel.......not. Get rid of plastic ? Not going to happen. It makes the country run. It should be controlled. Yes, these companies have spent millions upon millions to develop these fields and such...but not without government waiving fees and taxes and even investing moderately. The revenue generated by this tax could be put towards cutting taxes on consumer products such as food and everyday staples. Hey, they could even make huge investments in alternate energy development...not research. I'm sick of the word 'research' and 'studies'. Just freaking do it. What are oil companies going to do ? Up and leave to Mexico ? Not gonna happen. Still gonna make profits for their shareholders....just not going to have motivation to gouge the everyday Joe and industry in general with the threat of huge tax penalties. Should work. You think ?

1 comment:

Joe said...

You wanted something to do? I think you should run for government and I could be your right hand man!! Yeah, now that's an idea, might be the only way change would happen, let's go kick some politician ass up there on the hill!!!