Friday, May 23, 2008

Taxation Without Representation

clipped from washingtontimes.com

Averaged over the U.S. population of 300 million people, the $ 1 trillion OPEC-induced burden levies a tribute amounting to $3,300 per head — for every man, woman and child in the country (or $13,200 for a family of four). The average American worker makes about $45,000 per year, or $35,000 after taxes paid to Uncle Sam. In 1999, a worker supporting a family of four had to pay 3 percent of his disposable income for oil. Now Uncle Saud and Uncle Hugo are taxing him for over 35 percent of his take-home pay. Is it any wonder that such people are not buying houses? Such a massive drain of cash from the pockets of consumers must perforce cause the real estate market to collapse — as well as affecting many other kinds of consumer goods.

If we want to avoid complete economic defeat, we need to destroy the oil cartel.


In order to stop the OPEC looting of the U.S. and world economies, we need to break the cartel's vertical monopoly by creating fuel choice on a global scale.