You are a LIAR and I think you should be dumped from FR for continuing, time after time after time, to repeat this lie at a time when the very future of our freedom and country is at stake. You are a traitor of the most odious nature -- you are as bad as Obama, pal.
Moderator, what wtc911 refers to was not a tax, it was not based on profits, and it sure as hell wasn't based on windfall profits. It was a complex revamping of the royalties structure when oil companies drilled on state-owned land in Alaska, and as another poster mentioned above, the Alaskan state constitution governs that very differently than any other state, and the oil companies go in there with their eyes wide open.
wtc911 lies and uses the term "windfall profits tax" because he know it is a buzz-term that strikes fear into the hearts of free-market conservatives, and that actual investigation and education to understand and analyze it is time-consuming and complex, so he is counting on most people making it a "his word against hers" instead of actually understanding the issue and inevitably realizing that the term "windfall profits tax" is a pure progaganda-inspired lie.
Truly, I think wtc911 deserves the Zot, and I have NEVER said that about any fellow FReeper ever since I've been here, and that's about 10 years.
Make that “been here for nine years this July.”
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Nonsense. Palin pushed trhough an addtional tax that was exclusively imposed on net profits. It was over and above existing taxes and royalties.
From yesterday's Seattle Times...."With the oil industry's reputation at a low point, her administration crafted a bill that created a kind of windfall-profits tax that would give Alaska an escalating percentage of the revenue as oil prices climbed. The legislature increased the tax rates, and she signed the bill into law."
Tax - not royalties.
Pesky things those facts.