Extraction tax's effects
The election season is upon us, and the first commercials have begun to appear. The Democrat front-runner for governor has been running a TV commercial where he proposes to impose an “extraction tax” on natural gas drillers/extractors. The income from the tax would then be used to “help fund education.” Wow, that sounds so great that Mom and Pop can hardly wait to get to the polls. The evil gas companies will get their comeuppance, and little Johnny and Suzy might not end up being as dumb as they seem to be trending.
But wait! The small country school district in which I reside is spending more than $20,000 per student per year on education, and we've probably reached the point where throwing more money at trying to smarten up Johnny and Suzy will have no effect. Perhaps other options need to be explored.
Also, would a sensible person expect that the gas suppliers will simply absorb the increased tax — and not pass it on to their customers in the form of higher energy bills? They have only one source of income — that is, customers like you, me and industry.
Net result — we'll have a new governor. Mom and Pop will have higher utility bills. Johnny and Suzy will be just as dumb, and Pop won't get the better job he was hoping for because the higher gas cost caused the new manufacturing plant that was going to be built to become unviable.
I'm not taking sides in an election. My point is that there is almost always a different way of looking at an issue besides the viewpoint of the one professing it.
Mt. Pleasant Township