Thanksgiving

This past week Americans traveled approximately 2 billion miles to celebrate the Thanksgiving holiday with family and loved ones. While you cannot put a price on time with family, Americans sure felt the pain of higher fuel prices at the gas pump. It is time to take an honest look at the government's direct and indirect role in inflating those prices.

Taxation is the most direct way government increases Americans' cost at the pump. The national average price of gas now is well over $3.00 per gallon now, $4 in some areas. Federal taxes take 18.4 cents, while state and local taxes average another 28.5 cents per gallon. That's an average of 47 cents per gallon Americans are paying just for government, but that is just the tip of the iceberg. Less directly, our loose monetary policy gives taxpayers double jeopardy at the pump, simultaneously increasing prices and undermining purchasing power. Wages always lag behind price increases, making average Americans feel as though they can never quite keep up, never quite get out of debt. Not to mention the ripple effect of higher diesel costs on the trucking industry. When trucking and shipping is more expensive, everything is more expensive.

Being that Thanksgiving Day is only a couple days away, I thought it might be a good idea for me to jot down a few of the things I am thankful for this season: