That would happen with any foriegn dependency. what is interesting is that we can actually go and drill for this oil in our own county and pull out of the ‘crisis’. oil alone will not fail the economy… no matter how much you want to believe it will… gas can go to $15.00 a gallon and guess what, people that want to drive will.
and your little situation is quite the ‘sky is falling’ syndrome… check out the our top importers of crude and petrolium.
CRUDE :
CANADA
SAUDI ARABIA
MEXICO
VENEZUELA
NIGERIA
RUSSIA
IRAQ
ANGOLA
ALGERIA
VIRGIN ISLANDS
BRAZIL
UNITED KINGDOM
NETHERLANDS
ECUADOR
KUWAIT
Petrol:
CANADA
SAUDI ARABIA
MEXICO
VENEZUELA
NIGERIA
RUSSIA
IRAQ
ANGOLA
ALGERIA
VIRGIN ISLANDS
BRAZIL
UNITED KINGDOM
NETHERLANDS
ECUADOR
KUWAIT
Go grab a globe. we don’t appear to be a single threaded as your little situation above makes it appear… do we?
I’m arguing that progressive tax bracketing is similar to the Robin Hood Theory which is pretty close to communism. A lot closer than percentage based fixed brackets. no?