Friday, November 16, 2018
Sweet deal
Again from the Guardian:
Nestle has a contract with the state of Michigan to tap an aquifer for its bottled water. This bottled water is often used as a "clean" replacement for water that is officially "dirty", such as the genuine and serious lead contamination in Flint, or the idiotic parts-per-trillion "contamination" in Airway Heights last year. Idiots desperately consumed the "clean" bottled water, taking in MORE of the alleged "contaminant" than the Airway water contained.
Nestle pays a flat $200 a year for 130 million gallons of water. (The article doesn't give this figure directly, but says Nestle wants to pump 210 million next year, which is a 60% increase from current. Backfiguring gives about 130 for current.)
The tax rate is thus 1.5 microdollars per gallon, or .00015 cents per gallon.
Compare this to Okla's resource tax on oil production, which has always been a major source of revenue for the state.
Okla gets $300 million a year from oil severance tax.
This covers about 180 million barrels of oil per year, which translates to 10 billion gallons.
So Okla charges 3 cents per gallon.
In other words, Okla charges 20000 TIMES as much per gallon as Michigan.
I'd say Nestle is getting a SWEET deal.
¶ 5:25 PM 
