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**ClorrerVeks** · 01-24-2007, 05:58 PM

Simply claiming that "WERE REPUBLICANS WE KNOW ECONOMICS" doesn't mean that you do, really I have yet to see you present an economic argument other then your little partisan diatribe about how your understanding of economics is so superior that you can violate basic principles of it.

Please tell me,

1.) How does subsidizing oil industries create a free lunch

There is a difference between a tax break and a subsidy. A subsidy implies that the government is GIVING, a tax break means that the government is TAKING less. But you knew that since you arn't economically ignorant.

2.) Where is the proof that demand for gas and oil is perfectly inelastic I don't recall stating that it was, however you stated in an earlier post that people can simply change their driving habit to avoid increased fuel prices. However your statement has a GIANT hole in it. Goods are brought to market how (transported by things that use gas) resources are brought to a factory how (transported by things that use gas). No matter if the individual consumer reduces his personal habits, increased oil and gas prices will be reflecte in every single good purchased by the consumer and that price will be added to every time that good has to be transported. But you knew that because, you know economics, right

3.) Why Artificially Suppressing the Price of Gas and Oil is a good idea when it will merely slow the adoption of alternative technologies By taxing a good less you are in no way artificially surpressing any price, in fact by taxing a buisness more you are artificially increasing the price of the goods they produce. But I'm sure you knew that already.

01-24-2007, 05:58 PM	#40
ClorrerVeks Join Date Oct 2005 Posts 446 Senior Member	Simply claiming that "WERE REPUBLICANS WE KNOW ECONOMICS" doesn't mean that you do, really I have yet to see you present an economic argument other then your little partisan diatribe about how your understanding of economics is so superior that you can violate basic principles of it. Please tell me, 1.) How does subsidizing oil industries create a free lunch There is a difference between a tax break and a subsidy. A subsidy implies that the government is GIVING, a tax break means that the government is TAKING less. But you knew that since you arn't economically ignorant. 2.) Where is the proof that demand for gas and oil is perfectly inelastic I don't recall stating that it was, however you stated in an earlier post that people can simply change their driving habit to avoid increased fuel prices. However your statement has a GIANT hole in it. Goods are brought to market how (transported by things that use gas) resources are brought to a factory how (transported by things that use gas). No matter if the individual consumer reduces his personal habits, increased oil and gas prices will be reflecte in every single good purchased by the consumer and that price will be added to every time that good has to be transported. But you knew that because, you know economics, right 3.) Why Artificially Suppressing the Price of Gas and Oil is a good idea when it will merely slow the adoption of alternative technologies By taxing a good less you are in no way artificially surpressing any price, in fact by taxing a buisness more you are artificially increasing the price of the goods they produce. But I'm sure you knew that already.
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