Sunday, May 11, 2008

A Solution To Many Of America's Problems

I am reposting something from May 2007, because I feel like it and it is a really good idea, no more so than before.

I am going to throw this out to the public but remember, it was my idea, you heard it here first.

One of America's biggest problems is energy independence. Another is the terrorist issue, Iraq, Afghanistan etc. What is one way we could solve both problems with one solution? Easy answer, become energy independent. No more need to buy oil from the Middle East, no more billions of dollars available to those who would like to see us dead.

So how do we do this? Being the capitalist society we are, monetary incentives and disincentives. Now stick with me for a second... we raise the tax on gas and other oil products that come from outside our borders. Call it the foreign oil tax. Not sure the proper amount per liter, quart, gallon or barrel but enough to cause at least some mild discomfort from the consumers and enough to raise some serious cash. Then we take that money, and I am talking multiple billions per year, and we have a national contest, make it a reality show. An American Idol type event called American Energy Independence. Anyone and everyone who is an American citizen, any individual, group, team, company, non profit, church, club, quilting circle whomever, whatever are eligible to submit a plan to a blue ribbon panel with the goal of making America energy independent. The ultimate goal would be a source of energy that is homegrown with bonus points for renewable, cheap and clean.

The foreign oil tax money would be used to fund the research and development of the top ideas deemed worthy of pursuit. There would be a limit to how many are currently being funded and every so often, say 6 months, each plans progress would be reviewed and ranked by probability of success. Any new plan, or even updated old plan, that has been submitted that looks more promising than the current list would replace any existing plan for funding.

The ultimate winner gets any money left over and all future foreign oil tax revenue in addition to a reasonable royalty fee on all future units of energy sold. And by reasonable I mean enough to make Bill Gates wish he had not wasted his time on software.

One condition. The name of the ultimate product has to be called VOOM! Because I really like reading Dr. Suess to Andrew and like I said, it was my idea.

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