Thread: Gas prices...
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Old 08-14-05 | 07:41 AM
  #160  
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Patriot
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From: Port Orchard, WA

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Yes, but for you guys, it's all taxes. Basic price per barrel is the same everywhere on the world market. If I had no income tax, no property tax, no sales tax, no bridge tolls to pay, or a combination of these, the tax base comes out fairly similar to most European countries, though still a little less.
Although admittedly, most European countries do have an overall slightly higher tax base to pay for their infrastructure and accomedate the higher use of social programs than the US.
Canada is a good example. After comparing my father-in-laws total tax base he pays, he is paying close to 50% of his total earnings because of his health care system that needs to be funded. Whereas my total tax base is far less, but my health care coems out of my paycheck as well, so I pay close to his level, but still not nearly as much.

As for gas, it really all depends on the taxes they add on. That is really the biggest factor in the differance between Europeans and the US.

Either way, there is no reason for the oil companies to be charging $67/barrel. When one of the major foreign OPEC company presidents was asked exactly why the price was raised, they responded with stuff like, political instability, and emerging economic growth in China, etc etc etc.
But, when it came down to why they are REALLY charging more, even though they are pumping the same amount or even less when they're supply is more than adequate, the real answer the guy gave was....

"More MONEY!!!"

I guess that guy with the funny head dress needs another Rolls, or maybe 50 more wives or something.
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Last edited by Patriot; 08-14-05 at 07:49 AM.
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