What really pisses me off about politicians is comments you read about the “obscene profits” made by the oil companies. They give no quarter to the work and risk involved in bringing oil to market, but their average return of 9% on gross distillate fuel sales is “obscene”.
Really?
If that’s the case, then why is the average average federal and state taxes of 47.99 cents/gallon less obscene? (http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax) At an average price of $2/gallon, that works out to almost a 24% return to the gov’t, but I don’t hear anyone bitching about their “obscene” taxes.
“What really pisses me off about politicians is comments you read about the “obscene profits†made by the oil companies.”
Yeah but those same obscene profits are taxed all to hell- never hear the politicians complaining about tax revenue flowing in off those “obscene profits”— just proves that politicians speak with forked tongues.
And that is just the tax collect at the gas pump.
Far more taxes are paid in the production, refining, distribution and marketing side of getting the gasoline to the pump.
What I always find staggering is that these same types who scream “obscene profits†made by the oil companies, absolutely revere companies like Apple. Have you seen the profit margins on Apple products?
IMO, Liberals are people who are driven by emotion and are generally incapable of rational thought and not really the brightest. (Ever noticed that most artists are also leftists?)