I don't want to even hear the whiners who think this is excessive...
The United States consumes roughly 9 million barrels of gasoline a day...a barrel of gasoline equals 42 gallons...average tax on a gallon of gas equals 42 cents...
9M x 42Gal x .42 x 365 = $57,947,400,000 in State and Federal Taxes Annually!!!!
You read that correctly...58 Billion in taxes on fuel alone....
The Democrat hypocrits and other socialists want the government to set corporate salaries, tell companies how much they "must" pay in employee medical benefits, control prices charged to consumers, and eventually kill capitalism, private enterprise, individual initiative and individual responsibility.
By the way, how much does Oprah make? How about Shaquille O'Neal,the author of Harry Potter, Spielberg, Elton John, Paul McCartney? Should the government regulate the pay of artists and entertainers? The lunatic left in Amerika want to create another Soviet Union, a workers paradise.
Oh wait, they don't! At least some of the fuel taxes are supposed to go toward transportation needs. Unfortunately it often gets sucked into "public transit" projects which are ultimately underutilized and overly expensive.
Fuel costs are not uniform (even if you discount taxes) and that's not entirely explained by costs. San Diego, for example, is known as a "get well market" which means fuel prices are artificially higher to compensate for other regions which won't bear such pricing. Like so many taxes that flow out of CA (we only get 70% back), we're subsidizing lifestyles in other areas of the country.
Not all aspects of the retirement package are outrageous. Certainly the stock-based portion is not but overall (as a dollar amount) it's an obscenity for what his actual contributions were to the health/success of the corporation. This is not what I would consider just compensation.
Naw, it's more like 20.5 mb/day. Worlds output is
82.5 mb/day and we use 25%.
"You read that correctly...58 Billion in taxes on fuel alone.."
True...but these huge quarterly profits for Big Oil aren't due to over-taxation. They aren't due to price of barrel of oil.
So where is the gouging coming from?