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False premise

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Posted: Sunday, November 4, 2012 1:00 am | Updated: 11:55 am, Mon Jan 21, 2013.

Nov. 1, 2012

To the editor:

There is a false premise being promoted in the current election campaign — that Republicans want to give billions of our dollars to oil companies and multinational corporations, and the Democrats are saving us, the taxpayers, from this scheme.

First of all, the plan would not “give” any money away to the oil companies. The plan is to keep the taxes levied on the oil pumped out of the ground at a rate that would make oil development worth the investment of the oil companies, so that they will decide to drill for the oil in our state, giving our citizens many very good jobs for a long time, keeping oil prices cheaper and expanding all business in our state. Our current oil production tax is about $30 per barrel; North Dakota’s is $10 per barrel.

Second, the tax dollars received by the state are not “our money,” as is touted by so many. This money gives the government more power and a reason to make government even bigger. If these people are elected and have these billions of dollars in their hands, they will dribble out little tokens of their “generosity” with programs of one kind or another — maybe 250 gallons of fuel oil at the fuel cost they inflated — and the rest of the “billions” they extorted from Big Oil will be used to leverage us into a bigger and more intrusive government, which sooner or later we will be taxed to pay for.

Just look at the federal government if you want to see how this really works. Refuse to vote for anyone who says he’s going to save us billions of dollars if you elect him. He is conning you.

Paul Ford

North Pole

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