How Much for My Jetpack?

I saw that JetMan had a successful flight across the Grand Canyon the other day. I had posted a link to a story about him on my Facebook page to a newspaper story.

The jetpack apparently reaches speeds of well over 100 mph.

When you are thinking about what I might want for Christmas this year, just get me one of those. It might be a little pricey but my birthday is a week before Christmas, so one jetpack for both days combined will suffice.

I wonder what the gas will cost for that though. It’s now over $4 a gallon here in my region averaging I’d say $4.05.

But there are some people in our government who believe that we should now tax oil companies at a higher rate because of this.

Ok, someone help me out here. How the hell is that going to LOWER the cost of gas?

Seriously, if I asked you to make up a story that included one of the most stupid things a person could do, you would never come close to making up that story.

What is particularly diabolical though is the flat-out lie that our government “subsidizes” oil companies. What that would mean is that we give our money to oil companies to do business.
What these same people really mean by “subsidies” is tax breaks.
What these same people really mean by “tax breaks” is reducing the amount of tax deductions that a business can deduct from its gross receipts.

Every business…and I can’t believe that I actually have to explain this so bear with me those who know better…has costs of doing business. For arguments sake lets say a company does a million dollars a year in business. Businesses don’t get taxed on that figure because it, for example, might cost 400,000 to do that business. Taxes are then on the 600,000 that is left. That is for every business out there.
This is not a “tax break” or a “loophole” this is a cost of doing business. Your labor is a cost of doing business. Companies pay you to do work and because your labor is such a cost the business doesn’t pay taxes on the volume generated to create your paycheck.

Do you really want to go down the road of taxing that whole million dollars? Do you want to keep your job? Do you want the company to move to another country and all Americans working there to lose their jobs? Because that is what happens. So those of you who think otherwise wake up.

Here is a link to a story written by Jazz Shaw which goes a little more in depth  http://hotair.com/archives/2011/05/03/oil-company-subsidies-clarified/

So what will be your breaking point with gas prices? It’s $2 a gallon for me and I’m being generous.

I am an anti-big government person. But if I were President I would toss around ideas that would create real incentives for people and companies to create the necessary technologies that would pull us out of this mess and any other such mess.
For example, I would go to Congress and ask for…lets say 100 million dollars or even a BILLION dollars…for the first person or company to create a car engine that got 200 miles per gallon of gas.
The examples of this could be endless…the same reward for an alternative energy engine that actually worked properly, was LESS expensive, and MORE powerful than what we have to use right now.

Money talks of course. If it’s not a cash prize like that then offer future tax incentives…NO TAX for 20 years for the first company to do the same thing.

But no, there are those in this country who instead take a company, claim it is screwing the American people, then tax it into oblivion, or at least to the point where it has to move out of the state or country to do business. Who wins then? China, India, Saudi Arabia…name it.

Obama went to El Paso to give this speech about immigration reform. He claims that everything is much better with regards to illegal immigration.
Ok, I won’t even go in to that. Let’s say it’s true because he believes it.

Then why bother talking about it? Why is he even out there discussing this when we have yet another energy crisis.

Better yet, think about this. When prices raised this high under GW Bush, the media went batty about how Bush and his “oil buddies” were in cahoots and out to screw the people.

Bush isn’t in office now so what’s the excuse this time? If Bush had anything to do with gas prices as his detractors said, then so does Obama.

But the detractors were right, Bush did have some things he could do to deal with gas prices. Remember when a price of a barrel of oil shot back down under $40 a barrel? That was a direct result of an easing of regulations on the amount of boutique gasoline blends that create these higher costs of doing business and developing product for market for the oil companies.
But what does our current genius do? Create MORE regulations to clamp down on oil companies and suggest that higher taxes should do the trick.

So…speculators…you know those greedy evil bastards, right? What do they do? THEY know that all of these policies are going to make it more expensive for oil companies to make gas, so they speculate that the price is going to be higher.

If those same evil doers knew that the cost of making gas was going to be less, guess what would they would speculate next?

Please don’t make me right the common sense answer to that question now, ok? It’s nearly criminal that I have had to actually have this same conversation more than once live and in person.  And have it with people who, on the surface, are not as idiotic as they then make themselves out to be when they side with policy makers who are destroying this country.

Here is something I might have written here before, but I’ll repeat it even if I did.
If someone is really smart and goes to school to learn something and what they are learning is all wrong, are they really actually all that smart?
If someone with a high IQ goes to Harvard and what they teach at Harvard is any strain of communism/socialism/Marxism are they really that brilliant?

Crap…I really didn’t want to spend all this time on this. But now that I have, I’m not erasing it. I’m posting it.

Done.