Oil is not produced by GOI. We import 85% of it. We do not get to set its prices, so we have to purchase it at market rates. So how can government sell it at a lower price? By subsidizing it. That is by paying part of the price from its own pocket. It so happens, and it would come as a shock to all my Socialist friends, that government, no government, has any pocket of its own. So where does it get money from? From the citizens. So you guys are saying that it must take from Mr A and give to Mr B so that Mr B can have cheaper petrol. Why? Who gave the government authority to rob A to keep B happy? Is it moral? Then how any thief/robber is guilty? He is only taking from Mr A money to keep himself happy, albeit , er, directly, not via government. In fact we should reward thief, because he is cutting costs. Otherwise government would need to appoint one collecting inspector and one dispensing inspector, and one Lokpal to keep the two inspectors honest, and Mr A would have to pay salary of all three !!!! And in fact there is already nothing left with Mr A in any case. So government will in fact have to borrow money !!! This year GOI will earn 7 Lakh crore and spend 12 Lakh crore, borrowing in the name of our children to keep Mr B happy. You guys want that it should borrow some more in the name of our children so that we can have cheaper petrol?? Can anything be more immoral? To leave debt, the dreaded Karja for our children to pay, just because we needed to burn cheaper petrol?
Economy of Oil
Economy of Oil
Economy of Oil
Oil is not produced by GOI. We import 85% of it. We do not get to set its prices, so we have to purchase it at market rates. So how can government sell it at a lower price? By subsidizing it. That is by paying part of the price from its own pocket. It so happens, and it would come as a shock to all my Socialist friends, that government, no government, has any pocket of its own. So where does it get money from? From the citizens. So you guys are saying that it must take from Mr A and give to Mr B so that Mr B can have cheaper petrol. Why? Who gave the government authority to rob A to keep B happy? Is it moral? Then how any thief/robber is guilty? He is only taking from Mr A money to keep himself happy, albeit , er, directly, not via government. In fact we should reward thief, because he is cutting costs. Otherwise government would need to appoint one collecting inspector and one dispensing inspector, and one Lokpal to keep the two inspectors honest, and Mr A would have to pay salary of all three !!!! And in fact there is already nothing left with Mr A in any case. So government will in fact have to borrow money !!! This year GOI will earn 7 Lakh crore and spend 12 Lakh crore, borrowing in the name of our children to keep Mr B happy. You guys want that it should borrow some more in the name of our children so that we can have cheaper petrol?? Can anything be more immoral? To leave debt, the dreaded Karja for our children to pay, just because we needed to burn cheaper petrol?