• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Government

The Cruelest Tax Is Being Hiked Daily

The Cruelest Tax Is Being Hiked Daily
N&V Staff
March 1, 2012

(Thomas Mitchell/4TH ST8) You just may have noticed that the price of gasoline is going up. That’s because the price of crude oil is going up. Right?

Well, not exactly. It just looks like it is. In reality the value of the dollar is going down. Even the Chinese are dumping dollars as Obama’s administration keeps the printing presses humming with quantitative easing and putting the groceries on the credit card.

(And what do our representatives want to do about it? Why raise the taxes on oil companies, of course, to give more money for windmills and solar panels that can’t compete in a free market and will require tax and ratepayer support for 30 years. That’s what Shelley Berkley, who is running against Dean Heller, did Wednesday.)

Actually, when viewed in relation to gold, gasoline prices are only 82 percent of their average over the past 41 years. Our Monopoly money simply is worth less, headed toward worthless.

Obama promised to not raise taxes on those earning less than $250,000 a year. But inflation is a tax. It cuts into the disposable income of everyone, especially those on fixed incomes.

Before you protest that inflation was only 3.1 percent in 2011, I note that was the CPI. The American Institute of Economic Research calculates the Everyday Price Index, which includes only the prices of goods and services that the average consumer purchases at least once a month. The inflation for those items was 7.2 percent.

Prev postNext post

Related Items
Government
March 1, 2012
N&V Staff

Related Items

More in Government

Graves: Don’t Allow Subsidized, Foreign Sugarcane to Enter U.S. Markets

N&V StaffNovember 1, 2022
Read More

Some Cheerful News on Flat Rate Taxes

N&V StaffOctober 21, 2022
Read More

Conservatives Should Not Surrender on Sugar

N&V StaffOctober 7, 2022
Read More

Running On Empty

N&V StaffOctober 6, 2022
Read More

Help a Sheriff Fire a Corrupt Governor?

N&V StaffOctober 4, 2022
Read More

CCSD – MathLITE and Exacerbating the Teacher Shortage

N&V StaffSeptember 29, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

Heck Applauds Natural Resources Committee Passage Of Three Kids Mine Bill
NPRI Releases Policy Sourcebook For Download