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Fuel Prices ! We are Mugs !!

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13

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  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Right, they reduce the tax on fuel, now tell us what taxes youd like to rise to make up the shortfall.
  • mikey72
    mikey72 Posts: 14,680 Forumite
    It's not fair!!!!

    But for comparison, we've the 10th dearest petrol out of the 60 countries here, and rank 37th for pain at the pump, (ie cost as a percentage of average income) Our share of a days wages to buy a gallon of petrol is 7.4%

    http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-prices-by-country.html#slide11

    You coukd move to India, they only rank 43th dearest. Bargain.
    They are 1st in pain at the pump, you would need to work for 1.4 days on average to buy a gallon.

    Cheapest petrol is Venezuela

    9 cents, (yes cents!) a gallon.
    http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-prices-by-country.html#slide61

    And that's only 0.3% of the average wage to buy a gallon.

    Who's for moving?
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    roddydogs wrote: »
    Right, they reduce the tax on fuel, now tell us what taxes youd like to rise to make up the shortfall.

    Why? Why not spend less?! Do you organise your personal finances in such an incontinent way - spend more than you earn and when you get into trouble panic and look around for another loan?

    There is plenty of fat that we were promised was going to be cut and hasn't been. Instead money continues to be squandered and motorists are treated as cash cows, simply because our politicians know that a car is an essential item for many, if not most, people - whatever ecoloons like to claim.
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mikey72 wrote: »
    It's not fair!!!!

    But for comparison, we've the 10th dearest petrol out of the 60 countries here, and rank 37th for pain at the pump, (ie cost as a percentage of average income) Our share of a days wages to buy a gallon of petrol is 7.4%

    http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-prices-by-country.html#slide11

    You coukd move to India, they only rank 43th dearest. Bargain.
    They are 1st in pain at the pump, you would need to work for 1.4 days on average to buy a gallon.

    Cheapest petrol is Venezuela

    9 cents, (yes cents!) a gallon.
    http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-prices-by-country.html#slide61

    And that's only 0.3% of the average wage to buy a gallon.

    Who's for moving?

    We don't need to move. We may, however, need to export some of the political activists who don't simply tolerate high fuel prices (and that includes fuel for industry and home use) but actively encourage them.

    Given the percentage of fuel prices which is taxation based, the only solution is to vote out those who want to tax us back to the 19th century.
  • rxbren
    rxbren Posts: 413 Forumite
    Answers simple cut foreign aid that would be billions a year saved and lets face it all the countries the money goes to hate us anyway
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    A._Badger wrote: »
    Why? Why not spend less?! Do you organise your personal finances in such an incontinent way - spend more than you earn and when you get into trouble panic and look around for another loan?

    There is plenty of fat that we were promised was going to be cut and hasn't been. Instead money continues to be squandered and motorists are treated as cash cows, simply because our politicians know that a car is an essential item for many, if not most, people - whatever ecoloons like to claim.
    & get accused of even more "Savage Cuts"!
  • Joe_Horner
    Joe_Horner Posts: 4,895 Forumite
    Ninth Anniversary Combo Breaker
    edited 1 October 2012 at 12:39PM
    roddydogs wrote: »
    Right, they reduce the tax on fuel, now tell us what taxes youd like to rise to make up the shortfall.

    How about ones that impact those who can afford it rather than the people living in relatively remote areas, with appalling public transport, who need a car to get to their national minimum wage jobs? Not to mention affecting the price of everything we buy (including the bare essentials such as food) because of the cost of distributing it.

    The economic fact is that fuel taxes (whether for transport or home use) are vastly disproportionate in their effect on the poorer parts of society.
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So what taxes are those, then?
  • Joe_Horner
    Joe_Horner Posts: 4,895 Forumite
    Ninth Anniversary Combo Breaker
    edited 1 October 2012 at 1:49PM
    Generally any taxes that are on things that you don't need to live and (at least minimally) participate in society. What used to be known as "luxuries"

    Off the top of my head, in today's world, I'd include the following in the "necessary" group - things you really can't live without:

    • Food
    • Water
    • Rented housing - owning a house is not a necessity but access to housing is.
    • Heating fuels
    • Transport (strictly, "essential" transport but difficult to define / split that out in practice). This could be reliable and appropriate public transport that serves ALL the population but probably easier and cheaper to provide it through personal car costs.
    • Clothing
    • Basic telephone and internet services seeing as the Governmengt appears committed to making many of its services available online.
    • Postal services for the same reason.
    • Any requirement that's placed on you BY LAW in order to access any of the above (eg: car insurance premiums)
    • Enough income to pay for the essentials above.

    Those items should be taxed as lightly as possible, if at all. Anything else is fair game because it's stuff you might want rather than need.
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So, as I said tell us what taxes you'd increase?
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