Monday, June 30, 2008

A really lame tax ...

The tax I am referring to is the $.54 per gallon import tax on ethanol. American gasoline is required by law to include some ethanol whether it is economical or not (i.e. not), so a market for ethanol is guaranteed. We don't, however, have an import tax on crude oil, just the ethanol, because politicians want to protect (i.e. subsidize and buy votes) our corn farmers, who probably couldn't compete internationally otherwise. The article is about Brazil's ethanol industry and does make for some interesting reading.

2 comments:

Delirious said...

I like your new format. I can't read the font without my glasses on, but the rest looks good. :)

Looney said...

Thanks, I will try to use a next size up font.