Politicians should respond to high oil prices by helping low-income people, not waiving gasoline taxes.
Which is not to say that governments should not act in times of economic stress. Aid to farmers is intended to offset their risk due to volatile weather, even if the intention is often carried too far. The entire point of the Strategic Petroleum Reserve is to deter and/or offset oil price spikes that are driven by, protecting the public not from free markets but market imperfections. That’s the theory and, mostly, the practice as the U.S.
This ideological divide over helping lower income people in a crisis is nothing new. During the Irish potato famine, free market ideology was all the rage in Britain, but Prime Minister Robert Peel recognized that extraordinary times called for extraordinary measures and tried to alleviate starvation by arranging additional food imports.
Fear that government assistance would encourage slothfulness has been a concern of the wealthy since ancient times, many of whom were convinced that their wealth was deserved but that the poor were to blame for their own condition. Granted, there are always some who are ‘work-shy’ but poverty is its own burden. If Ann Richardson was correct in joking that George H. W.
And helping the poor offset higher energy prices is possible without subsidizing the broader population. The Low Income Heating Assistance Program is intended to do just that. And while I certainly think it is better in the low run to address the problem by lifting people out of poverty, short-term crises deserve short-term policy responses. The danger of politicians treating the situation as an opportunity to gain votes with handouts should be resisted, but that is not a reason to do nothing.
Few modern politicians have the courage of first century Roman Consul Gaius Cotta who, faced with a mob protesting high grain prices, offered to allow them to slay him if they thought high prices were due to misconduct. It was probably Yogi Berra who said, “They don’t make them like Gaius Cotta anymore.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Three Factors That Will Favor Bitcoin Vs Crude Oil This Decade: Bloomberg’s Chief ExpertBitcoin is likely to keep winning against сrudeoil this decade: mikemcglone11
Leer más »
Republicans parade Georgia's record early turnout for renewed 'election integrity' pushAfter Georgia saw record early voting in today's primary, emboldened Republicans plan to double down on a nationwide 'election integrity' push.
Leer más »
Gas prices still rising, some states see weekly prices jump double digitsGas prices have set a new record-high since May 10 when gas prices surpassed the previous record of $4.33 per gallon.
Leer más »
Crude Oil Update: Brent on High Alert as Decision Around Russian Oil Embargo LoomsBrent crude faces mixed influences today with mounting tensions in Ukraine giving way to a stronger dollar while the prospect of Russian oil ban helps keep prices afloat.
Leer más »
Brazil's Bolsonaro fires oil executive for refusing to lower pricesBrazilian President Jair Bolsonaro fired the CEO of the Petrobras oil giant for refusing to lower fuel costs.
Leer más »