Who is the Greedy One Here?

I heard Kamala Harris say that inflation was caused by greedy companies charging us higher prices. That is wrong on so many levels, but it also brings up a moral question. Ignoring the fact of where all the money came from to pay those higher prices, let’s look at the question of who is taking our money.

Grocery stores earn about 3-percent of their gross sales in profits. In contrast, Exxon earned about 10-percent. If you earned over 47-thousand dollars a year, then the government charges you a marginal tax rate of 22-percent. On top of that, states charge about 6-percent in additional sales taxes. You get to pay that when you spend the money they already taxed. Add property taxes and state income taxes.

Minnesota is about average on their gas taxes where the state and federal taxes are about 46 cents per gallon, or just over 15-percent on three-dollar-a-gallon gasoline.

The government keeps more of our money than the grocer or the oil company. If anyone is greedy, it is the state and federal governments. It certainly isn’t the local grocer or they guy running the convenience store.

That isn’t hard to figure out. It doesn’t take a PhD in accounting or economics to do a web search and some one-digit-math. You can do it in a few minutes if you put your phone to work. That shallow search does leave us with a deeper question. If we can figure this out, then why didn’t Vice President Harris?

Is Kamala Harris ignorant of the facts, or indifferent to them? Sadly, the media will repeat her lies as if they were the truth.