Republicans would love to have you believe that poor people wanting to eat something other than cat turds with their SNAP benefits is what you should be screaming about. It’s a real simple formula, actually: billionaires pay millionaires to convince the middle class that it’s poor people to blame for all their ails. It helps to have an entire fake news network to get the message out 24/7 as well. But while they drop this Weapon of Mass Distraction on the gullible masses, the real dirty culprits continue feeding at the trough until their freaking heads explode. (That is a pretty funny image.)
According to a new estimate compiled by the International Monetary Fund (IMF), Big Oil companies are benefiting from global subsidies of $5.3 trillion a year. To break that down a little further, that’s equivalent to $10 million a minute every single day. Conversely, in 2012, the average American taxpayer making $50,000 per year paid just $36 towards the food stamps program. Now you might be quietly thinking, “Yeah, but fossil fuel helps get me to the job I hate, and it’s not like we can use poor people as a fuel source.” One, don’t give the Koch Brothers any ideas; two, the majority of those fat subsidies go towards paying off the costs of polluters not compensating the governments for their eco disasters.
Take New Jersey’s professional YouTube screamer and occasional governor Chris Christie, for example. Christie gift wrapped a present to Exxon — a big fat potential 2016 campaign donor — at the expense of the environment and residents of New Jersey. Since his 2016 power lust is way more important than the people of New Jersey, Christie blatantly interfered with his state’s $9 billion lawsuit against oil giant Exxon Mobil when he let them off the hook for billions. This is just one of many egregious examples of this kind of scumbaggery.
Nicholas Stern, an eminent climate economist at the London School of Economics, says “this very important analysis shatters the myth that fossil fuels are cheap by showing just how huge their real costs are. There is no justification for these enormous subsidies for fossil fuels, which distort markets and damages economies, particularly in poorer countries.”
To piss you off even further, the IMF estimate of $5.3 trillion in Big Oil subsidies also found that just over half the figure is the money governments are forced to piss away on the victims of air pollution and the income lost due to ill health and premature deaths. Moreover, that is higher than a 2013 IMF estimate because new data from the World Health Organisation shows the harm caused by air pollution to be much higher than thought.
With oil cheaper than it has ever been, now might be the time to finally start considering ending subsidies–something that President Obama and the G20 nations called for in 2009. Unfortunately we have a party (Republicans) that caters to the guy who parks his boat in his much bigger boat and another party (Democrats) that are much less gangsta about their relationship with Big Oil, so who really knows.
Featured image via Wikipedia and modified by Michael Hayne of IfYouOnlyNews.com