MONEY FROM OIL
As the Burj Dubai Skyscraper climbs to once unfathomable heights, my boss likes to say it's the perfect symbol of our country's inability to tax gas appropriately. Here's a great article that describes why artificially low gas prices - yes, even at $4 a gallon - actually take money out of our pockets and send them abroad: "At $4, Everybody Gets Rational". And the killer quote: "Goldman Sachs is predicting we will be paying $6 by next year. Why have the extra $2 (above the current $4) go abroad? Have it go to the U.S. Treasury as a gasoline tax and be recycled back into lower payroll taxes."
73-91 born SEA lived SJC 00 married (Amy) home (UCity) 05 Jada (PRC) 07 Aaron (ROC) 15 Asher (OKC) | 91-95 BS Wharton (Acctg Mgmt) 04-06 MPA Fels (EconDev PubFnc) 12-19 Prof GAFL517 (Fels) | 95-05 EVP Enterprise Ctr 06-12 Dir Econsult Corp 13-26 Principal Econsult Solutions 18-21 Phila School Board 19- Owner Lee A Huang Rentals LLC | Bds/Adv: Penn Weitzman, PIDC, YMCA | Mmbr: Brit Amer Project, James Brister Society
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