A new era in Saudi Arabia was demonstrated at gas stations across the country on Monday night: Long lines of cars stretched from the pumps as drivers filled up to beat price hikes announced by the government earlier in the day.
It was an unusual scene for the world's largest oil producer, but it underscored the economic impact of dramatically lower crude prices on a government budget that relies on it.The cuts unveiled Monday by government ministers represented a fundamental change in the country's social compact, which has maintained Saudi royal family control for decades. No taxation and no representation has been the equation in a country with no income tax on individuals, free education and health care, and heavily subsidized utilities — but now part of the deal has been rolled back."The era of plenty has come to an end. This is it. The party is over,"
Would you want to live in a country if there was no taxation and no representation? It's an interesting concept since so many people hate taxes.