Follow the Money
April 27th, 2006 by Wyatt
I have to admit that I hate paying $3 a gallon for gas. What annoys me even more, though, is the presumption by so many (including the President!) that the price increase must be due to gouging. It seems to go unreported that the federal government is making much more on each gallon of gas than the oil companies are. Neil Cavuto of FoxNews pointed out the hypocrisy of Senator Schumer:
After all, oil companies’ profit works out to nine cents a gallon. Taxes total more like 40 cents a gallon.
But you don’t hear Schumer whining about the taxes. After all, that’s an easy source of revenue for a monotonous list of social programs whos failures are legendary. Better to keep funding them through taxes that are killing us, than demanding accountability due all of us.
Even more interesting was this graph which points out clearly that, if you adjust for inflation, gas prices are no worse than they have been for some decades. It’s the higher number that has everyone scared.
If you follow the money, you see that the high prices do more for the federal treasury than for big oil. It’s no surprise the politicians would rather deflect the obvious, though, and make you think it’s the oil companies’ fault. They wouldn’t want you to have any complaints about the federal cash flow.
July 13th, 2006 at 9:58 am
Bingo!!!
In Washington State we have taxes filling the coffers because of the vitality of the economy but do you think the politicians that implemented our new gas tax give one thought to giving the consumer a break. After all lower gas prices would only stimulate more revenue from every other tax center. Once they sink their fangs into an artery they don’t stop feeding until they kill the host. Thay use taxes like a cat o nine tails.
Allen Webb