It's a facetious argument. Many cyclists have vehicles, have a drivers licence, pay rego and pay fuel tax anyway. In any case, state and federal constitiutions do not allow for taxes to be earmarked like that. It all goes into consoldiated revenue.
The problem can be boiled down to this. People who are dickheads loose all sense of time, reason and reality when they get behind the wheel. 'Oh no, that bike rider caused me to scrub 5km/h off my speed and delay me three seconds. I'll kill him or teach him a lesson by scaring or hurting him'. And they are serious. It's a worry.
Driving a car at a group of twenty bike riders and trying to hurt them is far and away a more serious issue than a few bike riders running the odd stop sign.