WINDFALL PROFITS TAX FOR BIG OIL?
Fuck that.......
For more than a decade, oil companies weren't makin' any money 'cause the price of the oil was too low.....the world decried them then for not spending any money on new exploration, maintaining refineries, and the like.......they didn't have the money.....
Now, for the last couple of years, global demand has allowed them to make a reasonable profit.....they're pouring money into new exploration and not only upgrading but expanding refineries........
But now, you get loudmouths like that Schumer fella outa New Yawk saying that the oil companies oughta be charged a windfall profits tax......gotta love election-year politics.....this is a guy, I'm sure, who has benefitted disproportionately from the Bush tax cuts, although he'd ever admit it......or any of those other asshole legislators who have a lot more money & perks than you or I could ever hope to have........
The three largest oil companies....Exxon Mobil, Chevron, & ConocoPhillips....made a profit of 8.19 percent.......Shit, I'd be willing to bet that Schumer made a better profit than that on all the money he has in "blind" trusts......
On the other hand, the three largest Internet bellwethers......Google, Yahoo, and eBay.......made a profit of 19.2%......more than double that of the oil companies......
Who oughta be taxed for windfall profits?
For more than a decade, oil companies weren't makin' any money 'cause the price of the oil was too low.....the world decried them then for not spending any money on new exploration, maintaining refineries, and the like.......they didn't have the money.....
Now, for the last couple of years, global demand has allowed them to make a reasonable profit.....they're pouring money into new exploration and not only upgrading but expanding refineries........
But now, you get loudmouths like that Schumer fella outa New Yawk saying that the oil companies oughta be charged a windfall profits tax......gotta love election-year politics.....this is a guy, I'm sure, who has benefitted disproportionately from the Bush tax cuts, although he'd ever admit it......or any of those other asshole legislators who have a lot more money & perks than you or I could ever hope to have........
The three largest oil companies....Exxon Mobil, Chevron, & ConocoPhillips....made a profit of 8.19 percent.......Shit, I'd be willing to bet that Schumer made a better profit than that on all the money he has in "blind" trusts......
On the other hand, the three largest Internet bellwethers......Google, Yahoo, and eBay.......made a profit of 19.2%......more than double that of the oil companies......
Who oughta be taxed for windfall profits?
posted by Sir Lacksalot at 6:57 PM
6 Comments:
I say tax all them rich fuckers!
are you in reality an oil barron?
Rose.....
Oily I may be, but a baron I'm not......
I'm definitely lower case....or caste.
Supply would go down, prices would go up. Isn't that exactly what we are trying to avoid? A windfall profits tax would only hurt the average consumer, the same person politicians like Schumer are claiming to be helping.
If Schumer wants to start a real firestorm in the blogoshpere let's see him suggest taxing internet usage. That would certainly raise a few bucks...
Anonymous, yes it certainly would generate a few bucks. But why is the government always wanting more and more of our bucks? That's the only reason I see behind them considering a windfall profit tax. A company made a lot of money, and now the government wants a piece of it. Keep in mind that the government already got a piece of it, through already too high taxes.
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