Monday, June 08, 2009

My hat is off to the North Carolina State Legislature. This is an amazing piece of legislation:
The change would turn a cap on the gasoline tax at 29.9 cents per gallon into a floor - meaning it could go no lower than 29.9 cents through the middle of 2011.
Presto Chango!

Instantly "we will never charge you more" becomes "we will never charge you less." Stroke of the pen, law of the land. Whoo Hoo! I am not a North Carolina resident, but this sort of lawmaking exemplifies my disdain for all things instituted by governments. What was the validity of a legislated tax cap, if it can be simply renamed a tax floor later on down the road?

What a disgrace.


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