OK. Say you and Chuck Merkin

both buy one barrel of oil and month.

You both pay $100 + the tax. Which, say, for you is $100 a barrel, and for him is £0.

The crude price goes up to $200 a barrel.

For you, that's an increase of 50% in the post-tax price (from $200 to $300).

For him that's an increase of 100% (from $100 to $200).

BUT - assuming you both want to carry on consuming a barrel a month, you both have to pay an extra $100 to do so.

In what way are you less affected than him?

(I could take you through where the offset to the post-tax % price is, which explains the apparent contradiction, if you want me to....)

Posted By: Tricky Hawes on June 13th 2008 at 13:40:00

Message Thread

RE Petrols Tax (General Chat) - phrankin, Jun 13, 13:05:16
- Foreigners innit (n/m) (General Chat) - Steve in Holland, Jun 13, 13:08:35
  - yeah big old terrorist threat is what I heard (General Chat) - phrankin, Jun 13, 13:10:34
    - lol (n/m) (General Chat) - Steve in Holland, Jun 13, 13:10:57
- Discussed earlier. (General Chat) - Johnny Comecardiff, Jun 13, 13:07:52
  - If high energy prices made it uneconomical (General Chat) - CB41, Jun 13, 13:23:16
    - hmm (General Chat) - Tony Martin, Jun 13, 13:34:14
      - danone (n/m) (General Chat) - pants, Jun 13, 13:48:54
      - Philips was discredited years ago when spiralling stagflation occurred. (General Chat) - Johnny Comecardiff, Jun 13, 13:38:07
        
        nearly all economists get discredited eventually, Phillips is a simple model (General Chat) - Tony Martin, Jun 13, 13:41:50
        
        So why isn't it a tax bonanza for the Govt? (General Chat) - Old Git, Jun 13, 13:47:41
        
        without getting to complex, yes. (n/m) (General Chat) - Tony Martin, Jun 13, 13:51:01
        
        That's my understanding (n/m) (General Chat) - CB41, Jun 13, 13:50:45
        
        In simple terms..... (General Chat) - Johnny Comecardiff, Jun 13, 13:49:58
      - Mmm, I'm probably not THAT interested to be honest - it was just a thought. (n/m) (General Chat) - CB41, Jun 13, 13:37:05
        
        danone (n/m) (General Chat) - pants, Jun 13, 13:49:02
  - Here's an interesting take on earlier discussion (General Chat) - CB41, Jun 13, 13:13:58
    - I do love the argtument that cos we are already paying more than in america (General Chat) - phrankin, Jun 13, 13:21:33
      - Move to another country then?.. (General Chat) - Fierce Panda, Jun 13, 13:25:28
        
        42 days arrest without charge woo hoo.... (General Chat) - phrankin, Jun 13, 13:30:15
        
        Too good for them. They should be shot first, questioned later. (General Chat) - CB41, Jun 13, 13:32:12
        
        You're a mad one you and make no mistake... (General Chat) - Fierce Panda, Jun 13, 13:31:10
        
        Ha ha..... (n/m) (General Chat) - Johnny Comecardiff, Jun 13, 13:29:16
        
        I think you know, (General Chat) - CB41, Jun 13, 13:27:31
      - ... (General Chat) - Johnny Comecardiff, Jun 13, 13:25:04
        
        I do get it (General Chat) - phrankin, Jun 13, 13:26:55
        
        unless your a green supporter (n/m) (General Chat) - Tony Martin, Jun 13, 13:28:52
        
        Where does it say it is a good thing? (General Chat) - Johnny Comecardiff, Jun 13, 13:28:47
        
        phrankin is right that it's nothing to celebrate though (General Chat) - Tricky Hawes, Jun 13, 13:32:08
        
        Interesting take. (General Chat) - Johnny Comecardiff, Jun 13, 13:35:53
        
        OK. Say you and Chuck Merkin (General Chat) - Tricky Hawes, Jun 13, 13:40:00
        
        Like I said, interesting point. (General Chat) - Johnny Comecardiff, Jun 13, 13:47:32
        
        yup. What you're missing is that (General Chat) - Tricky Hawes, Jun 13, 13:52:18
        
        I can see your argument..... (General Chat) - Johnny Comecardiff, Jun 13, 13:58:52
        
        You are wrong then (General Chat) - Tricky Hawes, Jun 13, 14:06:47
        
        Stop pratting about on this and do something about the UK housing market, won't you? (General Chat) - Old Git, Jun 13, 14:12:08
        
        I might have a cash sale already, in two days. (General Chat) - CB41, Jun 13, 14:15:20
        
        Quite possibly. (General Chat) - Johnny Comecardiff, Jun 13, 14:09:36
        
        I disagree your disposable income is reducing by MORE percentage wise (General Chat) - phrankin, Jun 13, 13:50:59
        
        No. (n/m) (General Chat) - Johnny Comecardiff, Jun 13, 13:52:17
        
        No (General Chat) - phrankin, Jun 13, 13:53:53
        
        OK..... (General Chat) - Johnny Comecardiff, Jun 13, 13:55:53
        
        You don't hit enter too early to start with..... (General Chat) - Johnny Comecardiff, Jun 13, 13:57:31
        
        if the yanks disposable income is bigger than the brits (General Chat) - phrankin, Jun 13, 13:59:28
        
        Interesting. (General Chat) - Johnny Comecardiff, Jun 13, 14:08:26
        
        I've considered. (General Chat) - Johnny Comecardiff, Jun 13, 14:21:02
        
        you have less disposable income to start with (General Chat) - phrankin, Jun 13, 13:41:44
        
        well no (General Chat) - Tricky Hawes, Jun 13, 13:44:04
        
        Please don't (n/m) (General Chat) - Fierce Panda, Jun 13, 13:41:06
        
        ha ha (n/m) (General Chat) - Tricky Hawes, Jun 13, 13:43:15
        
        yup i agree with JCC (n/m) (General Chat) - Tony Martin, Jun 13, 13:37:16
        
        Makes little difference to my standard of living. In fact (General Chat) - CB41, Jun 13, 13:35:43
        
        And to those people earning low wages... (General Chat) - phrankin, Jun 13, 13:37:02
        
        Conned into it? (General Chat) - Johnny Comecardiff, Jun 13, 13:41:18
        
        pretty much yes. (General Chat) - phrankin, Jun 13, 13:42:44
        
        Conned? (General Chat) - Johnny Comecardiff, Jun 13, 13:49:04
        
        And how was that the governments fault? Surely it was (General Chat) - CB41, Jun 13, 13:45:14
        
        who is currently in power? (n/m) (General Chat) - phrankin, Jun 13, 13:46:42
        
        Don't understand what that's got to do with it but the answer (General Chat) - CB41, Jun 13, 13:48:43
        
        cos they are the ones who should have hit the nail on the head at some point (General Chat) - phrankin, Jun 13, 13:52:40
        
        Christ, that would have made them really popular, wouldn't it. (General Chat) - CB41, Jun 13, 13:55:23
        
        True, probably the right thing to do but would not have been popular (General Chat) - phrankin, Jun 13, 14:02:39
        
        Except that the supply of houses onto the market will dwindle to (General Chat) - CB41, Jun 13, 14:08:16
        
        "Conned into buying a house by this government" (General Chat) - CB41, Jun 13, 13:41:18
        
        shame its Labour's old base that will be most affected by this (n/m) (General Chat) - phrankin, Jun 13, 13:44:12
        
        Don't bank on that. Plenty of greedy tw*ts who insist on (General Chat) - CB41, Jun 13, 13:47:48
        
        yes but the lower income levels, and therefore the hardest hit will be... (n/m) (General Chat) - phrankin, Jun 13, 13:50:17
        
        Why do you equate low earners with Labour voters? (General Chat) - CB41, Jun 13, 13:53:46
        
        because that is the way it is in this country (General Chat) - phrankin, Jun 13, 13:54:33
        
        Sorry, that' bollox. Maybe in 1908 but certainly not now. (General Chat) - CB41, Jun 13, 13:56:22
        
        OK those on benefits tend to vote labour (General Chat) - phrankin, Jun 13, 14:19:06
        
        Ah, well that isn't what you said earlier. It's also unlikely, (General Chat) - CB41, Jun 13, 14:26:10
        
        ... (General Chat) - phrankin, Jun 13, 13:30:58
    - RE Haulliers... (General Chat) - phrankin, Jun 13, 13:19:17
    - Too many numbers and graphs (n/m) (General Chat) - Fierce Panda, Jun 13, 13:17:23
    - Yes, and another here (General Chat) - Steve in Holland, Jun 13, 13:15:29
  - hmmmm (General Chat) - phrankin, Jun 13, 13:09:51
    - Once you get past elementary tax economics...... (General Chat) - Johnny Comecardiff, Jun 13, 13:19:22
      - fuck you too... (General Chat) - phrankin, Jun 13, 13:22:30
        
        I believe it means (General Chat) - CB41, Jun 13, 13:24:23
        
        Bronze Swimming Certificate? (n/m) (General Chat) - Kings Lynn Canary, Jun 13, 13:33:33
        
        it means fucked about at university (General Chat) - phrankin, Jun 13, 13:25:21
        
        You are a bit of a cock, aren't you? (n/m) (General Chat) - Emma Leven, Jun 13, 13:31:11
        
        which bit? (n/m) (General Chat) - Kings Lynn Canary, Jun 13, 13:34:58
        
        The head to toes bit (n/m) (General Chat) - Fierce Panda, Jun 13, 13:46:59
        
        Pah, UK degrees (for the most part) are a joke. (n/m) (General Chat) - phrankin, Jun 13, 13:34:55
        
        Moaning fucker. (n/m) (General Chat) - Johnny Comecardiff, Jun 13, 13:36:18
        
        Steady on Lee - no need to show your educational insecurities on here too (n/m) (General Chat) - Fierce Panda, Jun 13, 13:28:05
        
        us non degree types arent all idiots... (n/m) (General Chat) - phrankin, Jun 13, 13:31:28
        
        Quite true..... (General Chat) - Johnny Comecardiff, Jun 13, 13:32:02
        
        Couldn't tell you, dint go. (n/m) (General Chat) - CB41, Jun 13, 13:26:35
        
        I think BSc (Econ) probably means something in the context of the current conversation (n/m) (General Chat) - yarmyyarmy, Jun 13, 13:23:53
        
        me too (General Chat) - phrankin, Jun 13, 13:24:13
      - Don't suppose you have (General Chat) - CB41, Jun 13, 13:21:32
        
        Strangely, no. (n/m) (General Chat) - Johnny Comecardiff, Jun 13, 13:23:07
        
        Snot you then (n/m) (General Chat) - CB41, Jun 13, 13:26:01
      - Ooooooo hark at him with his 'istries degree and all (n/m) (General Chat) - Fierce Panda, Jun 13, 13:21:31
- Fishy fishy goes Mr P (n/m) (General Chat) - Fierce Panda, Jun 13, 13:06:39

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.