3Yr·

+++ Fuel discount is largely passed on+++

I just found a short but very interesting article in the FAZ. According to the article, the fuel discount is passed on almost 100%, in contrast to the almost socialist accusations from politicians and the like.

the IFO Institut compared in addition the tank prices and prices from France and Germany. According to this, even in France, without the introduction of a rebate, prices rose just as they did in Germany. Also in the world-wide comparison one can observe an increase of the prices, thus also the theory of the overprotection and the profit making by the tax cut would be from the table.

What really makes me think are these subliminal attempts in politics and society to implement and establish more and more state regulation. Yes, those who know me know that I definitely see companies as having a social responsibility. But creeping state involvement in business and the like cannot be the solution.

The state cannot and has never been able to make or even lead corporate policy. You can see such complications in well-known prime examples, such as VW or the railroads. Wherever there is interference, where social interests are supposed to be a component, innovations and development inevitably come to a halt.

Isn't the example of Curvac somehow also an example of governmental misjudgement, where BioNTech was already further along in its development than this former student's hut?

Never mind... this is not the topic at all.

The fact is: an alleged excess profit tax, no matter in which industry, is the harbinger of a market model of socialist order. Yes, that I use such harsh words is surprising, but I am simply fed up with this envy and accusation culture in Germany. Even to me, as a moderate left-liberal person, this stitch-up of politics seems slowly ridiculous and without focus on the really important things in this country.

Old-age poverty, child poverty, social inequality and health insurance renovation and modernize the health system would be the construction sites we have in this country.

Instead, we "celebrate" the fuel discount, which mainly benefits the wealthy and frequent drivers, while we stuff the masses with 9 € tickets in crowded trains and feast on their stories. This is also the conclusion of the iFo Institute. But that's another story.

Sources:

iFo Institute incl. graphics: https://www.ifo.de/node/70066

FAZ:

Recommended article from FAZnet:

https://www.faz.net/aktuell/wirtschaft/ifo-institut-oelkonzerne-geben-tankrabatt-groesstenteils-weiter-18101772.html?premium=0xa6a159f7b8b98e3f7f7b4e9e9f025539&GEPC=s9

Google:

https://www.google.de/search?q=ifo+institut+tankrabatt&ie=UTF-8&oe=UTF-8&hl=de-de&client=safari $BP. (+0.72%)
$SHEL (+0.63%)

28 Comments

Divmann@Divmann

3Yr

Thanks for the article, would have passed me by. The other day I had a discussion about the evil oil multinationals.

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Stefan@InvestmentPapa

3Yr

@Divmann Gladly!

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Dividende > Zinsen@GoDividend

3Yr

@ccf because of the political sideswipe I would sign so

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Stefan@InvestmentPapa

3Yr

@GoDividend I'm rather annoyed that I have to distribute such "side blow". 🙄

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Dividende > Zinsen@GoDividend

3Yr

@InvestmentPapa 👍

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Tim@Minusgeschaeft

3Yr

To be honest, I don't really understand where the accusations came from, there is NO proof that extraordinary "excess profits" were made, all the politicians' statements contain a "could" or "probably possible". And until all the changes in the law that Habeck & co. want to introduce in this regard are really decided, the 3-month fuel discount has already expired anyway. It's just a sensitive topic, with which many people can be easily picked up, mMn.

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Stefan@InvestmentPapa

3Yr

@Minusgeschaeft Yes. All this rapid shooting is absolutely unserious for every discussant. It doesn't matter whether it's politics or society. First, facts should be checked and then one can argue objectively. But our society seems to have successfully trained itself out of this ability.

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Tim@Minusgeschaeft

3Yr

@InvestmentPapa I agree. I think the culture of discussion is generally somewhat degenerate, but I don't want to open that can of worms here. Basically, it's always pretty easy for politicians to exploit this when it comes to such sensitive topics that affect people so personally. Big speeches and personal image apparently take precedence over sound facts 😶

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View one more answer

Amok@Amok

3Yr

Above all, an excess profits tax would be directly priced in and thus passed on to the consumer, which directly torpedoes the basic idea of relieving the consumer with lower costs. Especially since profits in Europe via holdings, etc. are also gladly shifted to other countries such as Ireland. So far, no one has been able to explain to me how the whole thing should work with the "excess profits tax", that the consumer pays less and not the oil companies + state only profit from it. At most, a cap on the price or driving bans, which subsequently regulate the price via lower consumption. But both can hardly be economically desired...

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Stefan@InvestmentPapa

3Yr

@Amok Good reasoning and definitely to be considered in the whole mix.

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Staatsmann@Staatsmann

3Yr

I can confirm this 🤷🏼‍♂️ I filled up directly on June 2 and paid almost exactly 35 cents less than before... In the meantime, the price has risen again somewhat, but prices fluctuate again and again anyway.

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Nicolas Professioneller Rolls Royce Großaktionär Coole Leute: @leveragegrinding, @SharkAce und @Lorena(aber die ist nen bisschen schüchtern)@getquinfuermerchverkauft

3Yr

First fill up with Super V Power Racing.

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Jonas 🕊️@TheAccountant89

3Yr

I can also confirm the whole thing with Switzerland still complementary. Before the fuel discount it was cheaper in CH. Now it costs directly to the German border about 2.30 CHF. Say, without tax cut we would probably be even higher in DE.

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InvestmentFeldwebel@InvestmentFeldwebel

3Yr

Am not often your opinion but here definitely!

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Stefan@InvestmentPapa

3Yr

@InvestmentFeldwebel That's what discourse thrives on. And when we come to an agreement, that's nice too 😉 .

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Europoor@Europoor

3Yr

I see it the same way - you can't expect prices to go down or stay the same when market conditions change. Without the discount it would be even more expensive.

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Stefan@InvestmentPapa

3Yr

@Europoor Economic and economic thinking is then probably one of the weaknesses of this policy. Especially from the current politicians from the FDP, everyone expected more. But these seem currently rather a carpet tiger, as competent to argue or decide. Well, lobby and symbol politics is just also unfortunately easier to implement. 🤷🏻‍♂️

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Tony K.@MCKaden

3Yr

So there are enough people who have to drive long distances to their workplace and that in areas where there is no reasonable public transport between home and work. They go to work to afford the car they have to drive to work. Of course, you can look for a job nearby. The only question is whether it is fulfilling. The problem is also that wages are lower in more sparsely populated areas. Of course, this balances out at first. However, one feels the 500 euros less in the month at the end again with his pension. I wouldn't necessarily describe them as predominantly wealthy, because a 9 euro ticket is of absolutely no use to them. Probably more the people who live in or around cities. Or people who make their trips with it.

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Stefan@InvestmentPapa

3Yr

@MCKaden I agree with you when you say that there are certainly some people who could use the fuel discount. But here, too, it would be more than symbolic politics to connect the periphery to the local transport network. However, if we look at the reasons why this fails, we find its root in the 90s to 2000s, where the railroads (state-owned!!!) privatized massive numbers of stations, shut them down and made them irreversibly unattractive for any reconnection. So the mistakes were not made today, they are the result of many years of political misjudgement. And any policy today is based on their misjudgement and grievances. Symbolically for it now again (after Abfrackprämie and Co.) now the next autolobby-friendly behavior of a red-green-yellow coalition stands. You and I are the last ones to be thought of. Not to mention the sustainability and the calculated price explosions after the end of the three-month tax cut.

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Tony K.@MCKaden

3Yr

@InvestmentPapa I agree with you completely! I just wanted that the poor people from the country, which must now often really turn every penny is not forgotten. As it makes the policy with the 9 euro ticket. Without a doubt, our rail network must be expanded so that one has any other choice than driving a car.

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Stefan@InvestmentPapa

3Yr

@MCKaden The question that arises is to what extent, statistically speaking, poorer or, let's say, low-income people with cars are actually on the road in the country. If these are really such precarious situations that I no longer come to work because of the 0.35 €, then here too, very different things are going wrong than just this supposed discount. 😏

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Tom@Tommi7070

3Yr

Great article 👍

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Benni@Benni-KryptoandStocks

3Yr

Our politicians are simply taking the piss out of us

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Stefan@InvestmentPapa

3Yr

@Benni-KryptoandStocks That's too sweeping and I didn't want to express it that way. But it is up to us, as a society, to conduct discourse and discussions based on facts and not to allow ourselves to be guided by "sensitivities" and "subjective feelings." 😉

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Deleted User

3Yr

Comment was deleted

Stefan@InvestmentPapa

3Yr

@Broncko Well, the fuel voucher is a bit complicated, the principle of equality and all that... but which solution would ideally have led to success is a matter for excellent "debate". The fact is, however, that this solution was well-intentioned but poorly implemented.

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Hans Dieter@Reyar

3Yr

@Broncko Freeze the price of gasoline? It's like a rent cap and would only exacerbate the problem. What I've always wondered is what the situation is with the refineries, doesn't gasoline still have to be produced from crude oil? And what about the capacity for producing gasoline? I think that's where we have the biggest problem, because demand for gasoline is constant, but there are hardly any refineries. Correct me if I'm wrong. Peace out ✌🏻

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Stefan@InvestmentPapa

3Yr

@Reyar Yes, freezing the tank price would also be difficult.
As for the refineries, I'm unfortunately ignorant... but so far there didn't seem to have been any problems. 🤔

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