Avgas in France has reached $7.50/gal !

"Bob Fry" wrote in message
...
"Mike Rapoport" writes:

"Jay Honeck" wrote in message
news:zoN8e.26116$8Z6.5821@attbi_s21...
Just because French society has different values to the US doesn't
make
them "dunderheaded" either.

Call it what you will. Anyone -- French, British, or Martian -- dumb
enough to tax avgas up to $7.50 per gallon is dunderheaded.


Why? Societies make choices about what they want their governments to
provide and what to tax to pay for it. France (and most of the rest of
Europe) has chosen to provide extensive social benefits and pay for them
with taxes mostly on consumption. The US has also chosen to provide
extensive social benefits and also buy a huge mililtary and pay for it
with
taxes mostly on production (and borrowing from their children.).

Would that we were taxing ourselves, but we're not. And we're not
borrowing from our children, but from the rest of the world. One day,
not so far away, the rest of world will get tired of it. I think
within 10-15 years the world's goods will be priced in something other
than the US dollar (probably the Euro) and then our consumption will
come to an abrupt halt.

We are borrowing from the rest of the world but we are leaving the repayment
to our children.

Mike
MU-2