Well it's the end of the week and I was due for a good laugh and today I got it complements of our government. Our congressmen are thinking about giving us back the dollars we have given them in taxes to pay for the increase in the price of gasoline. What a hoot! But I'm not sure since the article referenced below refers to "millions of taxpayers". Does that include you or me?
At any rate, the idea is totally preposterous as it's simply another example of government intervention in the immutable laws of supply and demand. What our government is attempting to do is enable people to be able to afford to buy gasoline at higher prices and in so doing they are perpetuating the demand for gasoline!
The law of supply and demand tells us that if the price of gasoline goes too high, demand will be diminished because people simply can't afford it. That diminishment in demand causes the price to drop and eventually reach a point of equilibrium. Obviously our government leaders think they are all wise and will solve the problem by throwing money at it.
From the link: WASHINGTON - Senate Republicans unveiled a 10-point plan Thursday that offers a $100 "gas tax holiday" rebate check to millions of taxpayers. Meanwhile, Democrats are proposing a 60-day gasoline tax holiday.
Since our trusted government is in control of the matter, I suspect the price of gasoline will go much, much higher.
