Oily Idiot

Governor Jim Doyle wins my Idiot of the month award:

Gov. Jim Doyle proposes taxing big oil companies more than $270 million over the next two years to help pay for the state’s transportation needs.

Doyle said the assessment will equate to $1.50 per barrel of oil sold in the state, and the companies would be prohibited from passing the tax on to customers at the pump. Violations carry a criminal penalty of up to six months in prison.

How precisely does one do this? Are we talking about price controls. *Ding*, I believe we are. And what happens when you fix the price of something below market value? That’s right, it disappears from the market.

People in Wisconsin had better learn to ride bicycles.

Comments are closed.