Author: BretCahillBretCahill Date: Jul 5, 2008 16:20
>> The reason Americans are in a state of denial concerning China's growth
>> rate is because China will double in size in 7 years, if not faster
>> surpassing the U. S. economy in size.
>> China will then claim as much of the world oil pie as the U. S.
>> Barring dramatic changes in economic policy, the rapidly shrinking
>> American slice of the petroleum pie will be almost completely consumed by
>> the rich who will be able to afford to maintain their current lifestyles.
>> This means most Americans will be living -- this is not the Martha Stewart
>> meaning of the word "living" -- on a very tiny fraction of the petroleum
>> we are currently living.
>> There is no credible way to drill our way out of a humanitarian disaster
>> right here in the U. S.:
>> A combination of two solutions will help keep this from becoming too
>> barbaric:
>> 1. �tax fuel and rebate the money. �This will encourage alternatives and
>> stop the price of oil from spiraling quite so fast.
>> 2. �tax the rich.
> I assume you define "rich" as anyone with more money than you.
The issue isn't how I define anything.
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