California Logic

California legislators are debating a 12.5% tax on the production of natural gas and petroleum in the state.

These are the expected effects:
 Loss of 9,850 CA jobs
 Reduced supply of CA-produced oil between
54,706 and 80,306 bpd over the next 30 years
 Increased dependency on imports at a cost that
could top $1.3 billion a year
 Increased fuel costs for consumers, businesses
 Loss of property tax revenue for governments
in Kern, Los Angeles, Ventura and Santa
Barbara counties

The best part?

Passing this cost on to consumers is "prohibited by law." Seriously.

They are going to try and "prohibit" their law from having the natural negative effect it should have on consumers. Command and control economy much? I just think it is hilarious.. and reminds me of a story from long ago...

Cnut the Great c. 985 or 995 – 12 November 1035), also known as Canute or Knut or Cnut Sweynsson, was a Viking king of England, Denmark, Norway and parts of Sweden. As a statesman, with notable successes in politics and the military, and the importance of his legacy - if now obscure - Cnut seems to have been one of the greatest figures of medieval Europe. Until recently though his achievements were largely lost to history, after the death of his heirs within a decade of his own and the Norman conquest of England in 1066 (hell yeah Normans - woot woot).

Cnut set his throne by the sea shore and commanded the tide to halt and not wet his feet and robes; but the tide failed to stop. According to Henry, Cnut leapt backwards and said "Let all men know how empty and worthless is the power of kings, for there is none worthy of the name, but He whom heaven, earth, and sea obey by eternal laws."

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