My Govt. keeping things fair...

joedog · 11-20-12, 02:22 AM

...rite to work state...how about starting with a rite to sell state.

Unfair Sales Act
Wisconsin’s minimum markup law adds $990 million to the annual price paid by consumers, between $267 and $278 million of which is beyond what a normal profit margin would yield.

Wisconsin motorists currently pay 30.2 cents per gallon as a result of the minimum markup law. As a result, minimum markup has almost eclipsed the state’s 32.9-cent auto fuel tax, which is currently 9th highest in the nation.

That's $.63 in State Taxes and mandatory mark up. Now add $.19 for Fed. Tax...$.81 per gallon.

As the wholesale price of gas grows, so does the amount per gallon motorists have to pay as a result of minimum markup. In January of 1998, when the wholesale price of gas was 64 cents per gallon, the minimum markup stood at 5.9 cents per gallon. In July of 2008, the wholesale price of gas stands at $3.29 per gallon, with the per-gallon minimum markup amount at 30.2 cents – an increase of 400% in ten years.

In the past year, the amount the minimum markup law adds to a gallon of gas has increased 44% - from 21 cents per gallon in July of 2007 to 30.2 cents per gallon in June of 2008.
http://www.wpri.org/Reports/Volume21...ol21No6p1.html

State court blocked enforcement in I think 2008 just to have the Fed. courts reinstate it.

It's not just gas though...
Chris was scouring the internet advertisements for pre-Black Friday deals when he came across a 42" LCD TV at Wal-Mart for $498. Chris thought Christmas came early, loaded the family up in the car, and went to Wal-Mart to take advantage of the "in-store" special.

Unfortunately for Chris, he did not notice that the online advertisement said, "Prices and availability may vary in AK, HI, OK and WI."

At Wal-Mart, the clerk told Chris they could not honor the sale price because of Wisconsin's minimum mark-up law. The bargain television Chris was hoping to buy shot up in price from $498 to around $650.

There’s a reason gas stations fight so vigorously to keep the Unfair Sales Act as applied to auto fuel. Minimum markup is one of the most overt examples of select businesses reaping the benefits of government-mandated profits at the expense of the consumer. In the times of $4.00 gas, it makes even less sense, as low-income individuals are subject to a regressive tax when purchasing fuel.[xxix]
Aside from the additional cost of fuel to the consumer, high gas prices seep into the price of all goods and services transported throughout the state. When it costs more to truck candy bars to a grocery store, that price will be reflected in the cost of those candy bars. As a result, Wisconsin consumers end up not only paying higher prices at the pump, but they end up paying ancillary costs hidden within goods and services they need.
The Legislature should repeal the state’s minimum markup of auto fuel to aid consumers. Rather than government continuing to skew the market and funnel profits to gas stations, they can provide citizens with instant relief – and it won’t cost the state treasury a dime.
If the Legislature refuses to act on a full repeal of minimum markup, there are incremental steps that can be taken. For instance, the Legislature can control the rapid growth of the per-gallon markup by considering capping the markup to 2007 levels, which would limit the minimum markup to 21 cents per gallon.

Finally, " my government controlling the price of legal goods in the open market is a little too socialist for my taste."

Starting to understand my lack of faith in my govt.?

lilmule · 11-20-12, 07:37 AM

Unreal but while dialing back laws to times 1967 at 21 cents per gal,my honda 50 ran all day on a quarter.
Tn has no state income tax yet sales tax is high 11 percent,so those of us who live close to state lines shop over the line say for groceries.
My take is every utopia has its not so shiny lining.

pro reel · 11-20-12, 09:22 AM

well the only plus side to that would be that because the stores make more profit than they normally would, they should be able to pay higher wages to the workers.

joedog · 11-20-12, 10:33 AM

Quote:

Originally Posted by pro reel

well the only plus side to that would be that because the stores make more profit than they normally would, they should be able to pay higher wages to the workers.

They don't.
Especially gas retailers.

Tavery5 · 11-20-12, 02:46 PM

Joe, I tried to do some research, but didn't come up with anything positive. Looks like the incumbents have held office in WI for a while. Seems like it is time for the people to use their votes wisely.

11-20-12, 02:22 AM	#1
joedog BassFishin.Com Super Veteran Join Date: Jun 2011 Location: JANESVILLE,WI. 53545 Posts: 3,415	My Govt. keeping things fair... ...rite to work state...how about starting with a rite to sell state. Unfair Sales Act Wisconsin’s minimum markup law adds $990 million to the annual price paid by consumers, between $267 and $278 million of which is beyond what a normal profit margin would yield. Wisconsin motorists currently pay 30.2 cents per gallon as a result of the minimum markup law. As a result, minimum markup has almost eclipsed the state’s 32.9-cent auto fuel tax, which is currently 9th highest in the nation. That's $.63 in State Taxes and mandatory mark up. Now add $.19 for Fed. Tax...$.81 per gallon. As the wholesale price of gas grows, so does the amount per gallon motorists have to pay as a result of minimum markup. In January of 1998, when the wholesale price of gas was 64 cents per gallon, the minimum markup stood at 5.9 cents per gallon. In July of 2008, the wholesale price of gas stands at $3.29 per gallon, with the per-gallon minimum markup amount at 30.2 cents – an increase of 400% in ten years. In the past year, the amount the minimum markup law adds to a gallon of gas has increased 44% - from 21 cents per gallon in July of 2007 to 30.2 cents per gallon in June of 2008. http://www.wpri.org/Reports/Volume21...ol21No6p1.html State court blocked enforcement in I think 2008 just to have the Fed. courts reinstate it. It's not just gas though... Chris was scouring the internet advertisements for pre-Black Friday deals when he came across a 42" LCD TV at Wal-Mart for $498. Chris thought Christmas came early, loaded the family up in the car, and went to Wal-Mart to take advantage of the "in-store" special. Unfortunately for Chris, he did not notice that the online advertisement said, "Prices and availability may vary in AK, HI, OK and WI." At Wal-Mart, the clerk told Chris they could not honor the sale price because of Wisconsin's minimum mark-up law. The bargain television Chris was hoping to buy shot up in price from $498 to around $650. There’s a reason gas stations fight so vigorously to keep the Unfair Sales Act as applied to auto fuel. Minimum markup is one of the most overt examples of select businesses reaping the benefits of government-mandated profits at the expense of the consumer. In the times of $4.00 gas, it makes even less sense, as low-income individuals are subject to a regressive tax when purchasing fuel.[xxix] Aside from the additional cost of fuel to the consumer, high gas prices seep into the price of all goods and services transported throughout the state. When it costs more to truck candy bars to a grocery store, that price will be reflected in the cost of those candy bars. As a result, Wisconsin consumers end up not only paying higher prices at the pump, but they end up paying ancillary costs hidden within goods and services they need. The Legislature should repeal the state’s minimum markup of auto fuel to aid consumers. Rather than government continuing to skew the market and funnel profits to gas stations, they can provide citizens with instant relief – and it won’t cost the state treasury a dime. If the Legislature refuses to act on a full repeal of minimum markup, there are incremental steps that can be taken. For instance, the Legislature can control the rapid growth of the per-gallon markup by considering capping the markup to 2007 levels, which would limit the minimum markup to 21 cents per gallon. Finally, " my government controlling the price of legal goods in the open market is a little too socialist for my taste." Starting to understand my lack of faith in my govt.? __________________ "Fishing isn't life or death... it's more important than that."

11-20-12, 02:46 PM	#5
Tavery5 BassFishin.Com Super Veteran Join Date: Dec 2009 Location: Wichita, KS Posts: 2,427	Joe, I tried to do some research, but didn't come up with anything positive. Looks like the incumbents have held office in WI for a while. Seems like it is time for the people to use their votes wisely. __________________ They call me Ishmael

11-20-12, 07:37 AM	#2
lilmule BassFishin.Com Super Veteran Join Date: Feb 2010 Location: Buchanan,Tn Posts: 2,685	Unreal but while dialing back laws to times 1967 at 21 cents per gal,my honda 50 ran all day on a quarter. Tn has no state income tax yet sales tax is high 11 percent,so those of us who live close to state lines shop over the line say for groceries. My take is every utopia has its not so shiny lining.

11-20-12, 09:22 AM	#3
pro reel BassFishin.Com Veteran Member Join Date: Oct 2010 Location: Wichita Kansas Posts: 761	well the only plus side to that would be that because the stores make more profit than they normally would, they should be able to pay higher wages to the workers.

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