The child thrashes on the ground, a stream of tears and ear splitting noise erupting from it. It’s hands and feet slap the ground spasmodically.
“I want low petrol prices! Waaaa! I want low petrol prices!” the child moans.
“Okay, okay!” the government concedes. “Here you go! Have a petrol excise. Is that better?”
You’ve all seen this before at the supermarket. You’ve all seen the inept parent cave and cater to their child’s whim. The only difference here is that the government knows that what it is doing is futile, but they feel they must listen to the people, as it cannot stand without their support. So who do I blame here, the government or the people?
The government does not set the price of petrol. The government is not responsible for the massive fuel price increases in recent years. The excises will not stop the cost of fuel from rising, or even slow it down.
For a thorough and less invective response to this issue, check out the oil drum.