Re the thread's title: I think mathematics and population statistics show that the oil revenues actually "mostly benefit" ordinary citizens (the non-wealthy 90%'ers):
~ $79 of "oil" $$$ reduce "90 percenters" taxes... for every $21 of "oil" $$$ reducing "10 percenters" taxes ~
Why? If Mexico has 125 million people, then the 10% wealthy people = 12.5 million people and the 90% equal 112.5 million.
An equitable distribution of the oil revenues would give 90% of the revenues to defray taxes of the "90 percenters", but the article says they receive "12% less than their fair share" - which means the "90 percenters" .have their taxes defrayed/reduced using 79% of the total oil revenues.
In most calculations, if one group get 79% of the pie - then they are getting a very large majority of the pie.
It it's true that the "10 percenters" pay less in federal taxes, then the author of the story claims that an extra 11% of oil revenues are used to lower the taxes for the rich. As such, isn't the real issue the taxes the federal government charges the top 10%? (Taxes are not a part of oil policies, PEMEX, nor oil revenues.)
Is it right for the wealthy to pay less in Federal taxes? lo no se. . .
A bigger question for an expat forum: Should expats (foreigners) be judging, criticizing, and publicly debating Mexican Government tax policies and Mexican National Patrimony (oil) ?
If you question this, reader might want to check out Article 9 of the Mexican Constitution: “Only Citizens of the Republic may take part in the political affairs of the country.”
This means that visitors or permanent residents are not allowed to take any action that can be construed as being political. steve - Read-on MacDuff E-visit at http://yucalandia.com
(This post was edited by YucaLandia on May 16, 2012, 5:20 PM)
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Post edited by YucaLandia
(Veteran) on May 16, 2012, 3:34 PM
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(Veteran) on May 16, 2012, 3:34 PM
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(Veteran) on May 16, 2012, 3:36 PM
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(Veteran) on May 16, 2012, 5:17 PM
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(Veteran) on May 16, 2012, 5:20 PM
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