Saturday, August 02, 2008

Connecticut windfall

The Connecticut section of the New York Times (link above) discloses that, surprise! our government's been taxing the hell out of us under the guise of a gasoline tax (50¢ a gallon and climbing, as it's based on the price, rather than fixed by gallonage) that was supposed to be devoted to rebuilding and maintaining our roads. Ain't happening. Since the tax was passed in 2003, over a billion dollars have gone to non-transportation items and this year another two hundred million is destined for the same rat hole. You may remember that Lowell Weiker and his cronies pushed an income tax on the state with the promise that they'd use it wisely and balance our budget. Since then our population has gone down, the number of state workers has increased 200% and we haven't seen a balanced budget. We have, however, brought back the estate tax, imposed a real estate conveyance tax and then doubled it and, in general, seen our Legislature spend our money with abandon.

By the way. Just like Obama's latest promise to impose a windfall profits tax on the oil industry (Exxon's record profits last quarter amounted to a 10% profit margin - media companies, with the exception of the dying New York Times, make close to twice that) and pass out his largess to "American families, 25¢ of our gas tax is called a "wholesaler tax". This was supposed to tax the windfall profits of gasoline wholesalers and was passed on to the consumer. Guess who will see their oil prices increase if taxes are raised on oil companies? The American family. But we're stupid and it sounds good.

4 comments:

Anonymous said...

Notice that when speaking about the oil companies' "windfall profits" our media never tell us how much per gallon of gasoline those profits amount to. It might be that it doesn't sound like so much and that those profits don't represent a painful part of the price at the pump.
It's Lowell Weicker, by the way.

Chris Fountain said...

Ever since I put the fat fraud in my book Greenwich Mean Time and changed the spelling of his name, I've been unable to spell it correctly. A merciful memory lapse.

Anonymous said...

I certainly agree - Chris!

I would also say that 'Obama' is a
'Trojan Horse' being pulled by Mr. 'George Soros'!

To me - 'Obama' is nothing more than an 'Empty Suit' - and yes - 'Just Words'!

I like Mitt Romney very much - and I hope McCain ( Mac and Mitt ) will team up!

Dick Morris and Karl Rove - both - wish that some-one light a 'Fire' under 'McCain' and 'McCain's Staff' - so far - it has been a 'Yawner'!

Anonymous said...

Bye The Way - Thank You For Posting My Comments - I Will Abide by the rules! :)