Is the sky falling? The answer is undoubtedly "no". Will there be enough change in the status quo to make it feel to some like the sky may be falling? Perhaps. It's hard to predict the furture, and many who have attempted to do so have ended up looking more than a bit foolish.
That said, this article in today's WSJ (link...) should at least give thoughtful people reason to pause and consider the potential for the described scenario. The full text of the study can be found at (link...) . Whatever else can be said about all of this, I think the most salient point is that things are going to change, and it's only wise to try and understand what those changes might be, and to attempt to determine which might be the best courses of action to take in order to prepare for (or respond to) those anticipated changes.
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Step one will be to start
Step one will be to start investing in public transportation on the scale that we have been paying to build roads.
KAT threatening to scale back service? It's bizarre.
Brian A.
I'd rather be cycling.
I hope that Canadian guy is
I hope that Canadian guy is wrong. Not because I don't want to pay $7 for gas, which I don't, but because there are many people in this country who are not prepared to allocate such a large portion of their income to transportation. These same people do not have access to some sort of mass transit.
Many things will have to change and the American people are adaptable, as has been seen in the past. However, also as has been seen in the past, the change process is not always pretty and many people get hurt.
Gas prices are not the only thing we have to be concerned with right now. Nor is mass transit. There is a bigger picture of jobs, healthcare, the value of the dollar, savings interest rates, to name a few.
It would be nice to be able to have a controlled change, controlled growth, controlled chaos.
Good. It will keep out the
Good. It will keep out the riff-raff.
Maybe some day we will hear
Maybe some day we will hear some traffic eye in the sky describing a rickshaw accident on the Orange route bypass at Hardin Valley Road exit. Bicycles, pedestrians and horseback riders will be backed up for miles.
The combination of both the 40/75 and Orange route projects were already sketchy. The road builders lobby and their compatriots in the legislature will have to come up with an all-time whopper to justify them now.
There will be no TV helicopters
There will be no TV helicopters. They used to cost about a dollar a whop (whop whop whop whop) to run, but a fair amount of that is fuel. Airplanes are cheaper, but even more of the running cost is fuel. Plus there won't be enough traffic to jam on our overbuilt roads.
But can we get them to stop work on I-40 now? Clearly it wasn't needed before (note the lack of traffic jams) and it's going to to be less and less useful as gas goes up and driving down. Keep the money, but start tearing it down and build a boulevard with lanes reserved for future light rail.
Gasoline is much more
Gasoline is much more expensive in Europe than it is here. Have they stopped building roads in Europe?
Last time I was in London you could hardly cross the street for all the cars.
Yes, but they have free
Yes, but they have free health care, which more than offsets the cost of gas. :)
Free? Cool! So they don't
Free? Cool! So they don't pay taxes for it or anything?
About the same as us, all
About the same as us, all things considered. But actually, France has a better deal. And their gas prices are high, too.
I guess absent sitting down
I guess absent sitting down with my tax return and figuring it out I'd have to take your word on that. What I see is that the French pay almost 50% income tax on all taxable income over approximately $75,000, plus almost 20% VAT, plus property taxes, capital gains taxes, an additional "social tax" (for healthcare and social security benefits) of 7.5%, inheritance taxes (with a much lower threshold of the taxability of the estate than in the US), a gift tax, a "wealth tax" for persons with assets of approx $1 million or more), a trash collection tax and a TV tax for each of your televisions. Plus that expensive gas.
I guess for some people that might work out to being a better deal.
Link...At any rate, best I
(link...)
At any rate, best I can figure I pay 50% or more of my income in taxes, depending on how you calculate it. But I try not to complain too much, because I have the U.S. government protecting me from those Iraqi WMDs, and my local government picking up my trash and fixing the roads every now and then, and my state government turning out kids who can at least find the cash register button that will figure the change from a $20 bill.
Meanwhile...
We Americans pay about 18% to 30% of our income on private health insurance (employer and employee portions...our family coverage is almost $1200 per month). We pay a TV tax and a tax on each of our cellphones (look at your bill), a trash collection tax or fee (depending whether you live in the city or county). When my parents get older, I get to face $25,000 a year for nursing home care, and if I want to spare my child that burden, I have to save for that.
If you've ever actually BEEN to Europe and talk to the Europeans, it's clear that they've simply made another decision about how they want to live their lives. You and I don't have to agree with it, that's fine. But you do have to recognize and admit that they get a hell of a lot of services for those high taxes. So there's two questions, really:
(1) Do they get more 'bang per buck' than we do with our system? In some cases, no, but in a lot of other cases, I'd say yes, they do, because the profit requirement is taken out of the system.
(2) If their system is more efficient, would we still want to make those trade-offs? The response to that differs from person to person.
Me, I resent that 20% of my health insurance costs go to paperwork/overhead, 15% to shareholder profits, and another 15% to indigent care for people who don't have insurance, leaving only 50% to take care of me. That kind of pisses me off, and it pisses me off even more when my company's premiums go up 24% in one year. No, we didn't have any unusual claims, and we are in a risk pool- that's what our company hit all small businesses (<50) with last year.
50% of income over $75k? That would be a tax BREAK here, Johnny. Top bracket is 38% + 14% SS/FICA, or 52%.
Apparently the several
Apparently the several hundred million Europeans who live in countries with government provided health care enjoy it so whats your point? I haven't seen any recent revolutions based on lowering taxes and getting rid of universal health care lately. I'll gladly pay more in taxes to have universal health care. I hope you never lose your job/health care benefits and get cancer Johnny.
Do anyone see the 60 minutes
Do anyone see the 60 minutes story on why the Danes have been rated the happiest people in the world? Considering only spiraling health care and energy costs, it starts to become clear how the socialist tortoise can beat the uber-capitalist hare in life's pursuit of happiness. What else is there?