[wtc911]

How is it confiscation if an agreement is signed by all parties involved?

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It's hard to discuss this with somebody who doesn't seem to know the difference between royalty schemes (everybody agrees) and taxes (confiscation).

Did you sign off on the government's' imposition of IRS confiscation of a % your earnings? I sure didn't.

And neither did the oil companies when Palin levied her extra tax on top of the existing taxes and royalties.

The Palin scheme is the Obama scheme. It stinks like those famous down-strean floating fish.

[FreeReign]

...the difference between royalty schemes (everybody agrees) and taxes (confiscation).

When the state government and its people own the resource there is little difference between a tax and a royalty on the resource owned.

The Palin scheme is the Obama scheme.

The Palin scheme in not the Obama scheme unless of course if the federal government owns the resource.