Posted by
Nick Stuart on Saturday, September 20, 2008 8:57:45 PM
The One is promising another rebate to be paid for with a windfall profits tax on the oil companies. He says we hard-scrabble peons need it to help pay for gas and groceries.
Leave aside for another time the question of why can't we have a windfall gas tax revenue rebate where we get back the extra taxes we pay because of the increase in the price of gas.
The assumption seems to be if all us little folk have an extra 1000 or so to spend, we'll spend it and stimulate the economy. Plus we need it just to get by.
Well, that's right, we do need it to get by. Don't know about you but how I spent my last rebate was I used it to help pay my property taxes.
Maybe if our taxes weren't so high we wouldn't need a gift check from the US Treasury.