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jtomm

06/03/22 12:24 PM

#2018 RE: bigbux1 #2017

Ugh. Hadn't seen that. Sounds like they've already been talking about it for days or weeks. Sure hope they keep their nose out of it, because yeah, it certainly won't work out how they think. Usual scenario is price controls . . . lead to shortages . . . which lead to rationing. Economic nightmare.

Same nonsense they're doing with electricity. Encourage increased electricity use, while simultaneously shutting down power plants and relying on unreliable sources of energy. And all of a sudden it's like we're living in a third world country and everybody is warned to just expect power outages to be the norm.

Seems like they're all blowhards who are usually academics and/or worked in govt their whole life and have absolutely no clue about basic economics or business. Never lived in the real world. They just think they can dictate everything because they went to this or that university.

creede

06/03/22 9:33 PM

#2019 RE: bigbux1 #2017

“The revenue would be syphoned off to consumers below a certain income in the form of a tax rebate that would amount to a few hundred dollars per year, but the bill does not appear so far to have support in Congress.”

Thankfully it doesn’t sound like they think it will actually happen.

Also, it’s a tax. I wonder if the NOL would provide a shelter against it.