Let’s take tax breaks for oil and give them to green energy?

19 Mar

So anyone who knows there memes might recognize the title of the article as being a “pushing patrick” but it’s still a rage inducing topic.

Obama to Congress: Kill oil industry’s tax breaks is an AP article on yahoo.

If you aren’t able to tell from the headline, let me summarize the articles content. President Obama want’s to end tax breaks for oil companies, and thinks we should give them to “green energy” companies.

“They can either place their bets on a fossil fuel from the last century or they can place their bets on America’s future,” Obama said.

Funny thing I actually think the President is on to something here, too bad he got off at the wrong exit.

There’s two reasons to support ending tax breaks. 1) To save money. 2) To keep a level playing field.

Even though federal discretionary spending is a small budget off the annual deficit, when you have a $15 trillion deficit and growing, it’s more of an attitude than ability thing and you have to start somewhere.

Plus if we want to do this whole “tax the rich, fair share” thing, shouldn’t the marketplace be fair too? All industries pay the same tax rate regardless of industry or profit size. That way the things people actually want to buy and support will survive and those that don’t will have learned valuable lessons to apply next time.

If green energy is that important and impactful it will find work, however if it doesn’t fit or viably work, then you are a damn fool to think you can make it fit.

On top of that, as i’ve said before what difference will it make if in 20 years we have simply replaced the “big oil” cronies and lobbyists, with the “big green” cronies and lobbyists? (“Big Green” doesn’t quite have the necessary sinister ring to it, so the floor is open to better suggestions).

I thought the hope and change message of 2008 was to transform the way business was conducted in Washington DC. I suppose we misinterpreted that. Rather than changing “how” business is done, we want to change “who” business is done with. Nobody to blame but ourselves right, (except most people can’t even do that still, but that’s a story for another time)


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: