The Cow Tax
This morning I read at the Business and Media Institute that the new administration is considering a $175 tax per cow in the country to offset “global warming.”
I understand that Global Warming is serious situation, actually even the amount of pollution in the country is also a problem, but taxing cows is the wrong way to deal with it for three reasons:
1. The price of of products from milk will go up, this is really 3rd grade economics. If you raise the price for business (through taxation) the businesses pass the new costs off to the consumer, so expect an increase in milk prices, butter prices, even buttermilk waffles will cost more.
2. The price of beef will go up, this works on the same principle as item #1. the effect of this price increase will mean that less people will be able to afford beef, which in an already shaky economy this could seriously effect the nutrition (along with the price increase of milk) of those that are suffering from trying economic times.
3. The small farmer has been an endangered species for years, many are already on government aid. These guys and gals are being pushed out by the larger corporations that would be able to afford the new taxes (albeit all while complaing), but these small farmers can’t, and might be gone forever.
Simply put, a tax increase in the current economic situations that will effect goods that almost everyone buys is imprudent and wrong.
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